'Tax cheat' Donald Trump ripped by Dem Senator after IRS refuses to close loophole

'Tax cheat' Donald Trump ripped by Dem Senator after IRS refuses to close loophole

The Trump administration quietly announced Thursday that it is abandoning a Biden-era effort to close a loophole that allows large business partnerships to repeatedly manipulate the value of their assets to minimize their tax obligations.The Internal Revenue Service and Treasury Department announced the decision in a notice that received little attention in the mainstream press. The notice states that the administration, guided by an executive o…

Trump Scraps Effort Begun Under Biden to Close Loophole Abused by Ultra-Rich

The Trump administration quietly announced Thursday that it is abandoning a Biden-era effort to close a loophole that allows large business partnerships to repeatedly manipulate the value of their assets to minimize their tax obligations. The Internal Revenue Service and Treasury Department announced the decision in a notice that received little attention in the mainstream press. Source

‘This Is Welfare for Billionaire Tax Cheats’: Trump IRS Ditches Effort to Close Major Loophole

The Trump administration quietly announced Thursday that it is abandoning a Biden-era effort to close a loophole that allows large business … Source