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The Justice Department asked the Supreme Court to issue an emergency order reinstating a federal anti-money laundering law as a legal battle plays out in a lower court. Passed in 2021, the Corporate
Washington Democrats are preparing for a legislative session where new taxes will be a major focus to solve a multi-billion dollar state budget hole. House Speaker Laurie Jinkins, D-Tacoma, and Senate
Quick summary:• The combined wealth of the 500 richest individuals worldwide reached $10 trillion in 2024, a record high driven largely by tech stock gains and other economic factors. • Eight tech
IRS reforms in 2025 could bring tax simplification, lower corporate taxes, and changes to wealth taxes. Here’s what you need to know to prepare for these changes. Major IRS Reforms Coming In 2025
What it means: New nationwide beneficial ownership information (BOI) reporting requirements are on hold while the court considers NFIB’s lawsuit challenging the law. Most small businesses are not
The IRS and U.S. Treasury have finalized a controversial new rule requiring DeFi platforms to implement KYC procedures and report user transactions, treating them as traditional brokers. Effective by
National Treasury has called for public comment on proposed amendments to laws with the aim of strengthening the country’s Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF). These
The European Union’s crypto regulatory framework MiCA goes into full force, heralding significant changes for the industry. Major events like the ICO boom and the implosions of Terra and FTX have
The South Korean National Assembly accepted Bill No. 2204961, a proposal to amend the Value-Added Tax (VAT) Act as part of the 2025 budget package. The bill includes measures to encourage digital compliance,
The Maltese Official Gazette announced the publication of Act No. XXXVIII/2024, titled the VAT (Amendment) Act, 2024. The legislation introduces several changes to Malta’s value-added tax framework,