Tony James, Blackstone president & COO, shares his thoughts on why the Treasury's move to curb tax inversions are not likely to deter companies from moving overseas.» Read More
NEW YORK, Sept 5- The U.S. Treasury Department changed a rule last October to allow employees to roll over $500 of unspent Flexible Spending Account money, ending years of a use-it-or-lose it policy, but most workers have yet to reap its benefits.
WASHINGTON, Aug 28- The U.S. systemic risk council will meet on Sept. 4 to discuss naming nonbank financial firms for tougher regulatory oversight, the U.S. Treasury Department said on Thursday.
Caught in a tug of war between the opposing policy modes of a tightening U.S. Fed and an easing European Central Bank, yields have taken dramatic turns.
Wall Street is trading on what it thinks might happen in September. But a key to what's been working on markets in the last several days is Europe.
NEW YORK, Aug 25- A group of Wall Street banks plan to meet the U.S. Treasury Department and other government officials next month to talk about how to cooperate to fend off cyber attacks, people familiar with the matter told Reuters.
WASHINGTON, Aug 18- The U.S. government has grappled for more than 30 years with corporate deals known as inversions in which U.S. companies shift their tax domiciles abroad to avoid U.S. taxes. The first inversion in 1983 was followed a year later by two new rules from the U.S. Internal Revenue Service.
WASHINGTON, Aug 13- Companies even partly owned by individuals sanctioned by the U.S. government could find themselves blacklisted as the result of a rule change announced on Wednesday by the Treasury Department.
WASHINGTON, Aug 12- The U.S. budget deficit was $95 billion at the end of July, down 3 percent from the same period last year, according to data released by the Treasury Department on Tuesday.
WASHINGTON, Aug 7- An influential U.S. senator is encouraging the Internal Revenue Service to stamp out deals that allow companies to relocate their headquarters overseas in search of lower tax rates.
*IRS auditing thousands of U.S. citizens in Israel. TEL AVIV, July 31- It was called the " Israel Project", an operation by the U.S. Internal Revenue Service that has uncovered false claims for child tax credits involving an estimated tens of millions of dollars filed by U.S. citizens living in Israel.
WASHINGTON, July 29- The United States on Tuesday slapped sanctions on VTB, the Bank of Moscow, the Russian Agriculture Bank and the United Shipbuilding Corp over Moscow's support for separatists in eastern Ukraine, the Treasury Department said.
Treasury Secretary Jack Lew spoke by phone with top ministers from Germany and other rich nations about pressuring Russia to stop its military support of Ukrainian separatists, the Treasury Department said on Tuesday.
WASHINGTON, July 28- President Barack Obama could act without congressional approval to limit a key incentive for U.S. corporations to move their tax domiciles abroad in so-called "inversion" deals, a former senior U.S. Treasury Department official said on Monday.
WASHINGTON, July 24- Bank of America Corp's banking unit agreed to pay $16.6 million to resolve allegations that it processed several hundred transactions for drug traffickers who are subject to U.S. sanctions, the U.S. Treasury Department said on Thursday.
WASHINGTON, July 24- Bank of America Corp's banking unit agreed to pay $16.6 million to resolve allegations that it processed transactions for drug traffickers who are subject to U.S. sanctions, the U.S. Treasury Department said on Thursday.
The euro has remained stubbornly strong amid a slew of obstacles, and some analysts said the European Central Bank has kept it higher.
U.S. Treasury Secretary Jack Lew highlighted the decision American companies face—stay domestic and pay taxes or go abroad for savings.
The Treasury Department is urging an end to tax inversions. Former Deputy Treasury Secretary Neal Wolin, weighs in.
The Treasury secretary also says the financial system, finally recovering from the recession, faces another perilous challenge: cyberattacks.
CNBC's Jim Cramer asks Treasury Secretary Jack Lew if it is appropriate for federal officials to comment on individual market movements.