Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...
U.S. Treasury Department Issues Proposed Regulations To Finally Eviscerate Microcaptive Tax Shelters
The U.S. Department of the Treasury has finally proposed regulations to deal with so-called microcaptive transactions. You can read the proposal here. You can read the IRS press release in IR-2023-74 ...
Section 1. Purpose. The ever-expanding morass of complicated Federal regulation imposes massive costs on the lives of millions of Americans, creates a substantial restraint on our economic growth and ...
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