US treasury halts BOI reporting, Trump says ‘exciting news’
The US treasury department announced that it will halt enforcement of the Corporate Transparency Act's Beneficial Ownership Information reporting requirements for US citizens and domestic firms. President Trump supports the move, which aims to reduce regulatory burdens on small American businesses and will soon formalize the suspension through emergency regulation.
The US treasury department announced that it will halt enforcement of the Corporate Transparency Act's Beneficial Ownership Information reporting requirements for US citizens and domestic firms. President Trump supports the move, which aims to reduce regulatory burdens on small American businesses and will soon formalize the suspension through emergency regulation.
