

Alan Rappeport
Posts

Effort to Revamp I.R.S. Struggles Despite Multibillion-Dollar Infusion
The Office of the National Taxpayer Advocate lamented that the tax collection agency, which now faces budget cuts in Congress, is still struggling to answer...

World Bank Warns of Energy Price Surge if Mideast War Spreads
A new economic report predicted a year of weak growth and said the world faced a decade of “wasted opportunity.”

U.S. to Clamp Down on Financial Firms That Help Russia Buy Military Supplies
President Biden will sign an executive order granting the Treasury Department broader powers to curb the flow of weapons components.

G7 Tightens Enforcement of Oil Price Cap Amid Widespread Russian Evasion
The Treasury Department announced new sanctions on oil shippers and traders that have been helping Russia circumvent price restrictions.

Clean Energy Tax Credits Leave the Door Open to Chinese Investment
The Treasury Department pledged to carefully scrutinize foreign investments in the United States for national security threats.

World Bank Warns Record Debt Burdens Haunt Developing Economies
Surging interest rates and waning financing options threaten a “lost decade” for poor countries.

How a Legal Fight Over a $15,000 Tax Bill Could Upend the U.S. Tax Code
The Supreme Court ruling in the Moore case could cost the federal government billions of dollars in lost tax revenue.

U.S. Moves to Crack Down on Money Behind Fentanyl Trade
Treasury Secretary Janet L. Yellen will travel to Mexico this week for talks on countering illicit finance and fentanyl.

Electric Vehicle Push Returns North Carolina to Its Lithium Mining Roots
After decades of stagnation, the Tar Heel State is the beneficiary of a lithium rush fueled by demand for car batteries.

Users of Venmo, Cash App and Other Digital Wallets Get a Tax Reprieve
The Biden administration has faced backlash from small-business owners who called the new I.R.S. reporting requirements confusing and onerous.