Tag Archive : US tax

Treasury Secretary Steve Mnuchin, Former Goldman Sachs Executive Says Obama-Era Tax Cuts Are Obsolete

Treasury Department officials are reportedly rolling back a tax rule issued under former president Barack Obama’s administration. The rule sought to prevent American companies from moving money offshore in an effort to avoid US taxes.

The Treasury issued final regulations that eliminated documentation requirements dating back to Obama. The department will propose regulations in the future changing other parts of the offshore tax rules. Read More