Treasury's Shell Game: Burying Anti Corruption Measures in a Swamp of Special Interests The US Treasury Department's decision to axe a key component of the Corporate Transparency Act has sent shockwaves through the corridors of power.
The move appears innocuous on the surface, but scratch beneath and a complex picture emerges.
Eliminating the requirement for shell companies to identify their beneficiaries is being touted as a victory for small businesses and entrepreneurs who value anonymity.