The United States Office of Foreign Assets Control is looking to monitor further and analyze digital asset transactions. The notice comes as the second
Action Highlights that Even Sophisticated Companies Serious about Compliance are not Immune from AML Enforcement – and the Importance of Cooperation When Cutting a Deal.
U.S. Treasury floats global corporate tax rate of at least 15% in international talks
Will the debate on a minimum global corporate tax rate diminish U.S. relations with the EU? PUBLISHED BY
The U.S. has proposed that corporate around the world pay at least 15% tax on their earnings. The proposal comes as the Organization for Economic Cooperation and Development (OECD) and the Group of 20 major economies seek an agreement on a minimum global corporate tax rate. It is part of a multilateral agreement to end what the U.S. Treasury calls a “race to the bottom” as nations compete with each other to slash corporate tax rates in an effort to attract multinational corporations.
Allen County board discusses federal funding
By Trevor Hubert - thubert@limanews.com
LIMA The Allen County Board of Commissioners held a special session on Wednesday morning to discuss plans for incoming federal funding from the American Rescue Act. Although it is unclear how much money the county is receiving from this round of funding, county officials are expecting to have an answer from the United States Treasury Department within the next 10 days.
The auditor’s office expects that much of the money will be going toward continuing to help local businesses stay within COVID-19 guidelines, as well as having money saved in case of another possible outbreak in the future, with the upcoming funds being available to the county until the end of 2024.