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Business and Tax Planning

Jun 14, 2021

Cryptocurrency Transactions Under Scrutiny by Office of Foreign Assets Control

The Office of Foreign Assets Control (“OFAC”) of the U.S. Treasury Department administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals against foreign governments and other threats to national security, foreign policy, and threats to national security.» Read More

Jun 07, 2021

Are U.S. Corporate Tax Hikes Coming? Are Corporate Profit-Shifting to Low-Tax Off-Shore Jurisdictions at Risk?

On May 18, Department of the Treasury Secretary Janet Yellen addressed the U.S. Chamber of Commerce at their Global Forum on Economic Recovery, continuing her pitch to raise corporate taxes and reduce or eliminate the current incentives for sourcing corporate profits off-shore to low-tax countries.» Read More

Apr 12, 2021

Federal Reserve Chair Jerome Powell Discusses U.S. Economic Updates with CBS News’s Scott Pelley on 60 Minutes Segment Sunday, April 12, 2021

Following a “teaser” on the CBS Sunday morning show, “Face the Nation,” CBS aired Scott Pelley’s interview of Federal Reserve Chairman Jerome Powell on its Sunday evening “60 Minutes” program yesterday. During the interview, which took place the previous Wednesday, Powell discussed the current state of the economy, the aggressive monetary policy supported by the Fed, and his take on the U.S.» Read More

Apr 08, 2021

BWOB Rewind: Corporate Income Tax, U.S. Economy, and COVID-19 Vaccinations Increase

Yellen calls for minimum global corporate income tax” – Looks to partially offset Biden’s proposed corporate tax increase

With chatter from Senator Mitch McConnell (R – KY) on President Biden’s second stimulus plan, Treasury Secretary Janet Yellen proposed in her virtual remarks to the Chicago Council on Global Affairs, a creative, perhaps aggressive, plan to adopt a global minimum corporate income tax.» Read More