Jacob Lew

Multinationals Dodged Bullet on ‘Earnings Stripping’ Rules
Tax

Multinationals Dodged Bullet on ‘Earnings Stripping’ Rules

Pressed by corporations, Treasury exempted S-corps., banks, and insurers from anti-inversion rules.
By David Katz | November 4, 2016
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Treasury Chief Lauds Dodd-Frank
Risk & Compliance

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.
By David Katz | July 21, 2016
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GE Capital Sheds ‘Too Big To Fail’ Label
Risk & Compliance

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.
By Katie Kuehner-Hebert | June 29, 2016
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Lawmakers Question Caesars REIT Spinoff Plan
Tax

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.
By Matthew Heller | June 6, 2016
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U.S. Unveils Anti-Money Laundering Package
Risk & Compliance

U.S. Unveils Anti-Money Laundering Package

The measures include requiring financial institutions to identify the beneficial owners of companies opening accounts with them.
By Matthew Heller | May 10, 2016
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Coalition Urges Treasury to Rein In Corporate Inversions
Tax

Coalition Urges Treasury to Rein In Corporate Inversions

The Financial Accountability and Corporate Transparency Coalition decries a potential erosion of the corporate tax base.
By Katie Kuehner-Hebert | March 29, 2016
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Treasury Targets Non-Savers With New ‘MyRA’
Workplace Issues

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.
By Matthew Heller | November 5, 2015
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U.S. Budget Deficit at Lowest Level Since 2009
The Economy

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.
By Katie Kuehner-Hebert | October 16, 2015
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Treasury Stance Regardless, Another Tax-Inversion Deal Pops Up
Tax

Treasury Stance Regardless, Another Tax-Inversion Deal Pops Up

AbbVie's plans to pay less taxes by relocating to Britain after buying Shire touches a raw nerve in Washington.
By Iris Dorbian | July 19, 2014
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