Treasury Kills Enforcement Of Beneficial Ownership Reporting – Small Businesses Rejoice | ZeroHedge
The Trump administration has freed millions of businesses from a red-tape chore concocted primarily by Democrats: On Sunday, the Treasury Department announced it would not enforce a rule requiring businesses to file beneficial ownership reports with an obscure federal agency. The move came only a day after Elon Musk responded to an X user's plea for intervention on the issue, replying, "I can look into it."
Intended to thwart money-laundering and other financial (more…)