Tag: corporate transparency act
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Beneficial ownership reporting is privacy theater that punishes small business
The Corporate Transparency Act was sold as anti-money-laundering reform. In practice, it burdens small businesses while the actual bad actors keep finding workarounds.
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Corporate transparency laws like the CTA were doomed from the start
The Corporate Transparency Act tried to crack down on shell companies. The implementation was chaotic, the courts pushed back, and the basic design was flawed.