A new policy shift from the Treasury Department that scales back an anti-corruption requirement on businesses may impact the department’s ability to track money laundering, a requirement originally passed with bipartisan support. POLITICO Economics Correspondent Victoria Guida and Bloomberg Businessweek Journalist Max Chafkin join Erielle Reshef with their analysis.
The report concludes that the scale of potential evasion is economically significant and establishes a framework for ongoing assessment of the integrity of the U.S. tariff system. More than 40 lower-tariff jurisdictions are being used as pass-throughs to avoid lawful tarriffs.
The California attorney general ordered Arc of Justice, a charity founded by Code Pink cofounder Medea Benjamin, to cease all operations after the organization failed to file taxes for years and left more than $51 million in assets unaccounted for, and federal regulators have yet to act. The California Department of Justice sent Arc of […] The post California orders Code Pink founder's charity to stop operations after $51 million goes unaccounted for appeared first on American Almanac .
The California attorney general ordered Arc of Justice, a charity founded by Code Pink cofounder Medea Benjamin, to cease all operations after the organization failed to file taxes for years and left more than $51 million in assets unaccounted for, and federal regulators have yet to act. The California Department of Justice sent Arc of Justice a warning letter on June 19 directing the foundation to halt "any activity in California for which registration is required... including holding or soliciting assets for charitable purposes." The order came after the charity failed to respond to repeated delinquency and suspension notices and skipped required tax filings for fiscal years 2021, 2023, 2024, and 2025, the Washington Free Beacon…Open
Sen. Ron Wyden (D-OR) and Treasury Secretary Scott Bessent traded accusations regarding alleged attempts to hide information related to Jeffrey Epstein at a Finance Committee hearing Wednesday, June 3. During his opening statement Wyden, the committee's ranking member, said that Bessent has been preventing the release of records showing payments by Epstein's clients. Bessent countered that the Wyden was attempting to divert attention from an alleged "investment meeting" between the senator's son, Adam Wyden, and Epstein. When Finance Committee Chair Mike Crapo (R-ID) said that he would begin questioning, the Treasury secretary broke in to mention that the younger Wyden is an investor in a chain of strip clubs. #Epstein #Wyden #Bessent…