The #Biden admin plans to stop #businesses & #wealthy individuals from manipulating the value of #assets in arcane ways such as using the same assets over & over again to lower their taxes. (#Trump)
High-end business partnerships like hedge funds & wealthy individuals such as real estate investors have inappropriately used labyrinthine structures to shield tens of billions of dollars from taxation, #Treasury Dept ofcls said Mon.
The #UnitedStatesFederalTradeCommissionFTC narrowly voted Tuesday to ban nearly all #NonCompetes employment agreements that typically prevent workers from joining competing #businesses or launching ones of their own.
The FTC received more than 26,000 public comments in the months leading up to the vote. Chair Lina #Khan referenced on Tuesday some of the stories she had heard from workers.