The Treasury Department on Friday announced a new proposed rule to block and monitor certain U.S. investments in China, a year after the Senate failed to coalesce around a similar plan as part of the annual defense policy bill.
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June 21, 2024
Treasury unveils new China investment rule after NDAA flop
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IRS launches crackdown on business taxes
The IRS and Treasury released notices about two rules they’ll propose to curtail the ability of partnerships to shift taxes between linked entities to lower their tax bills.
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Punchbowl News Presents
We’re launching a weekly show on YouTube on September 5! Fly Out Day will include authentic conversations with the people shaping today’s biggest political stories, straight from our townhouse. Subscribe to our YouTube channel for early access.