Multinationals Dodged Bullet on ‘Earnings Stripping’ Rules
Pressed by corporations, Treasury exempted S-corps., banks, and insurers from anti-inversion rules.
Treasury Chief Lauds Dodd-Frank
U.S. Treasury Secretary Jacob Lew says Dodd-Frank Act helped the nation weather Brexit and other shocks to the system.
GE Capital Sheds ‘Too Big To Fail’ Label
Regulators decide the finance firm is no longer "systemically important," recognizing GE's extensive divestitures of non-core assets.
Lawmakers Question Caesars REIT Spinoff Plan
Members of Congress say the spinoff would amount to "a taxpayer-funded subsidy" to the gaming company and its private-equity owners.
U.S. Unveils Anti-Money Laundering Package
The measures include requiring financial institutions to identify the beneficial owners of companies opening accounts with them.
Coalition Urges Treasury to Rein In Corporate Inversions
The Financial Accountability and Corporate Transparency Coalition decries a potential erosion of the corporate tax base.
Treasury Targets Non-Savers With New ‘MyRA’
The no-fee retirement account is intended as a starter option for the millions of Americans without a 401(k) or other employer-sponsored savings plan.
U.S. Budget Deficit at Lowest Level Since 2009
The fiscal 2015 shortfall represents only 2.5% of the economy, reflecting increased collection of taxes and higher corporate profits.