Business Ownership Reporting Requirement Placed on Hold by Federal Judge

Tax Partner Sky Moore spoke to Barron's about a federal judge's recent decision to halt enforcement of the Corporate Transparency Act.

Excerpts:

“Even before determining constitutionality, it’s possible Congress overturns the CTA requirements based on their likely lack of effectiveness, says Schuyler M. Moore, a partner at Greenberg Glusker.

“The CTA requirements are a swing and a miss,” Moore says. “They’re making good guys spend money to comply, and bad guys either won’t file or will get somebody to sign as beneficial owner. No one will ever know.”

Resources

• Barron's (Subscription Required)