Editing Corporate transparency (section)

==United States==
The Corporate Transparency Act (CTA), part of the [[National Defense Authorization Act for Fiscal Year 2021]], introduced "[[beneficial ownership]] information reporting requirements" for companies in the United States.<ref>[https://www.govinfo.gov/link/plaw/116/public/283?link-type=uslm William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021] as enacted, section 6403, accessed 20 July 2023</ref> The law requires businesses to disclose their beneficial owners to the [[United States Department of the Treasury|U.S. Department of Treasury]] in an effort to curb illegal economic activities.<ref name=":0" /> On December 3, 2024, [[Amos Mazzant]], Federal Judge for the [[United States District Court for the Eastern District of Texas]], enjoined the Government from enforcing the Corporate Transparency Act and its Implementing Regulations, including the beneficial ownership information reporting requirements.<ref>[https://polsinelli.gjassets.com/content/uploads/2024/12/cta-v-garland-district-court-opinion-preliminary-injunction.pdf Memorandum Opinion and Order]</ref> The [[United States Court of Appeals for the Fifth Circuit|U.S. Court of Appeals for the Fifth Circuit]] affirmed the nationwide [[injunction]].<ref>{{Cite news |last=Jackson |first=Herb |last2=Woolley |first2=John |date=December 27, 2024 |title=Corporate Transparency Act Blocked by US Appeals Court Again (3) |url=https://news.bloombergtax.com/daily-tax-report/corporate-transparency-act-blocked-by-us-appeals-court-again |access-date=January 23, 2025 |work=[[Bloomberg News]]}}</ref> On December 31, 2024, the [[United States Department of Justice|U.S. Department of Justice]] appealed to the [[Supreme Court of the United States|U.S. Supreme Court]], seeking to stay the injunction.<ref name=":0">{{Cite news |last=Wilson |first=Quinn |date=December 31, 2024 |title=US Asks Supreme Court to Unblock Corporate Transparency Act |url=https://news.bloomberglaw.com/litigation/us-asks-supreme-court-to-unblock-corporate-transparency-act |access-date=January 17, 2025 |work=[[Bloomberg Law]]}}</ref>  On January 23, 2025, the Supreme Court ruled that the Government can enforce the CTA while the Fifth Circuit Court reviews the law.<ref>{{Cite news |last=Navera |first=Tristan |date=January 23, 2025 |title=Supreme Court Allows Corporate Transparency Act Enforcement (1) |url=https://news.bloombergtax.com/daily-tax-report/supreme-court-allows-enforcement-of-corporate-transparency-act |access-date=January 23, 2025 |work=[[Bloomberg News]]}}</ref> In March 2025, the U.S. Department of Treasury announced that they would halt any enforcement or penalties on domestic businesses and make further adjustments to focus primarily on foreign reporting companies.<ref>{{Cite web |date=March 2, 2025 |title=Treasury Department Announces Suspension of Enforcement of Corporate Transparency Act Against U.S. Citizens and Domestic Reporting Companies |url=https://home.treasury.gov/news/press-releases/sb0038 |website=U.S. Department of Treasury}}</ref>