We explore real-life reformation here in this informed, online community.
Attention small businesses.
The Corporate Transparency Act (CTA) went into effect on January 1, 2024, to help "prosecute and deter money laundering," to "deter tax fraud," and to deter the peaceful operation of small businesses whose owners don't have time to stay current on every new complex regulation.
Lawyer Lee Phillips said that CTA requires companies to file new sets of paperwork with the Financial Crimes Enforcement Network (“FinCEN”) and are essentially being investigated for a crime. Reporting is mandatory. Failure to comply with CTA carries a maximum fine of $500 per day up to $10,000 and criminal penalties, including up to two years in prison.
Simon Black says small businesses are targeted while large, publicly traded companies are specifically exempt from reporting under the CTA. So are hedge funds, banks, and other large financial entities. Heads-up, small business owners.
Well, it's not "A quart of wheat for a denarius, and three quarts of barley for a denarius."
It's $400,000 Bentley automobiles. A lot of them. Of all the dealerships in Europe, the one in Kiev is in third place for sheer volume.
Take note of this tragic truth:
"Foreign aid is a mechanism by which poor people in rich countries are taxed to support the lifestyles of rich people in poor countries. The aid primarily serves three Ms—: munitions, monuments, and Mercedes for leaders and cronies."
--- Peter Thomas Bauer, a Hungarian-born British development economist:
Donald Trump this morning announced that “VERY GOOD AND PRODUCTIVE CONVERSATIONS REGARDING A COMPLETE AND TOTAL RESOLUTION OF OUR HOSTILITIES IN THE MIDDLE EAST” have taken place between the U.S. and Iran over the past two days.
As a result, the president has “INSTRUCTED THE DEPARTMENT OF WAR TO POSTPONE ANY AND ALL MILITARY STRIKES AGAINST IRANIAN POWER PLANTS AND ENERGY INFRASTRUCTURE FOR A FIVE DAY PERIOD.”
