Senate Bill Tackles Tax Evasion, Secrecy and Money Laundering
Washington DC - Last Wednesday, Senators Ron Wyden (D-OR), Marco Rubio (R-FL) and Sheldon Whitehouse (D-RI) introduced the Corporate Transparency Act of 2019, which would reveal the secret owners of shell corporations to law enforcement.
"This legislation is critical to stop crime, tax evasion and corruption," stated United Nations finance expert and Jubilee USA Executive Director, Eric LeCompte. "Shell companies facilitate human trafficking, tax evasion and the stealing of relief monies in the developing world."
In mid-June the House of Representatives voted in the House Financial Services Committee to release the House Bill for a vote this year. The House legislation is sponsored by Representative Carolyn Maloney (D-NY), Representative Peter King (R-NY) and Representative Tom Malinowski (D-NJ).
THE NEW STREAMLINED RSN LOGIN PROCESS: Register once, then login and you are ready to comment. All you need is a Username and a Password of your choosing and you are free to comment whenever you like! Welcome to the Reader Supported News community. |
ARTICLE VIEWS: 1367
MOST RECENT ARTICLES
Monday, 30 August 2021 |
Sunday, 29 August 2021 |
Sunday, 29 August 2021 |
Sunday, 29 August 2021 |
Saturday, 28 August 2021 |
Thursday, 26 August 2021 |
Thursday, 26 August 2021 |