The Latest Breaking News from Treasury Department

How Failed Fed Chair Candidate David Zervos Can Help Scott Bessent Rescue the Treasury Department’s Credibility

While the Fed's credibility has increased lately in investors' eyes, the same can't be said of Bessent's Treasury Department.

Barchart · Sep 28

IRS Proposes New Tax Rules for U.S. Companies With Foreign Income and Overseas Operations

U.S. companies doing business overseas could face updated rules for calculating important international tax deductions and foreign tax credits under a new proposal from the Internal Revenue Service and Treasury Department.

The Free Financial Advisor · Sep 14

Trump administration proposes new rules to strip tax-exempt status from schools that consider race

The Trump administration has proposed new regulations that could strip schools of their tax-exempt status if they offer targeted support to specific racial groups. This move, aimed at ending diversity programs, has drawn criticism from civil rights advocates who argue such practices address historic inequities. The proposal, which could impact…

The Economic Times · Sep 4

IRS announces new rules Trump Accounts for contribution towards employees’ dependent children. All you need to know

Employers can now contribute $2,500 each year to Trump Accounts designed for children's savings. Alongside this, employees have the option to make pre-tax payroll contributions to these accounts. Known as Invest America accounts, the initiative seeks to boost awareness and encourage responsible savings for the future. Additionally, Michael Dell's foundation…

The Economic Times · Aug 13

US removes sanctions from three IRGC-linked entities, Treasury website shows

The US Treasury Department has removed Fly Baghdad and two aircraft from its sanctions list. This action follows earlier targeting of the airline for suspected Iran links. The airline's owner, Basheer Al-Shabbani, however, remains under active US sanctions. Authorities have now directly linked Al-Shabbani to Iran's Quds Force. This move…

The Economic Times · Aug 5

Treasury Department Has a Troubling Update for Every American Taxpayer

The Treasury Department has a problem that reaches far beyond Washington, D.C., and it does not arrive with a dramatic new tax form. The federal government now spends an enormous amount of money simply paying interest on money it already borrowed, and that bill keeps getting harder to ignore.

The Free Financial Advisor · Jul 24

Popular Capital Gains Tax ETF Strategy Catches Treasury's Attention

As Section 351 exchanges gain popularity, the Treasury Department is considering whether certain transactions could lead to abusive tax outcomes.

Kiplinger · Jul 23

Krabi island up for sale to raise state revenue

The Treasury Department plans to offer a private island in Krabi province for sale or lease to generate revenue.

Bangkok Post · Jul 14

Trump DOJ Tax Lawsuit Settlement: IRS Barred From Auditing Trump's Crypto and Business Empire

Trump's IRS settlement raises concerns over audit restrictions, potentially shielding Trump-linked crypto and business ventures. Senate Democrats seek clarity on the deal's scope and implications.

International Business Times UK · Jul 7

Democrats demand watchdog investigation into push to get Trump’s face on $250 bill

Democratic lawmakers are raising questions about whether the Treasury Department engaged in ‘waste, fraud and abuse’ by pushing an effort to get Trump’s face on a $250 bill

The Independent UK · Jun 24