U.S. Senate Finance Committee 7 Democratic lawmakers demand that Meta explain the basis for applying research tax credits while constructing AI data centers, saying the practice warrants investigation.
X account @secscottbessent posted: “Today, @USTreasury and @IRSnews issued a notice on tax-motivated investment strategies that makes clear Treasury is serious about cracking down on transactions designed to dodge taxes or exploit our federal tax code. The companion Revenue Ruling also takes on prearranged §351 ETF”
Argentina will implement the OECD Crypto-Asset Reporting Framework, planning to automatically exchange transaction data with other jurisdictions by 2029 and complete domestic reporting rules by 2028.