A new tax on these companies would help Washington shrink the deficit
This month, the U.S. Treasury Department made two ominous announcements: that it will no longer require shell companies to identify who owns them, and that the U.S. federal debt has hit $40 trillion.
This month, the U.S. Treasury Department made two ominous announcements: that it will no longer require shell companies to identify who owns them, and that the U.S. federal debt has hit $40 trillion.
BELLINGS Intelligence Score: 55
Why it matters
A new tax proposal targeting specific companies to help reduce the $40 trillion U.S. federal debt represents a significant regulatory and fiscal policy development with broad implications for credit markets, government financing, and corporate behavior, warranting elevated significance for sophisticated credit professionals.
Sources
MarketWatch
A new tax on these companies would help Washington shrink the deficit
This month, the U.S. Treasury Department made two ominous announcements: that it will no longer require shell companies to identify who owns them, and that the U.S. federal debt has hit $40 trillion.