Who’s behind that shell company? We may never know
The article discusses the challenges in regulating shell companies, particularly in light of the shelved Corporate Transparency Act. Despite initial bipartisan support, the law has faced significant obstacles and is currently struggling for survival. The piece highlights the implications of these developments for transparency in corporate ownership.
- ▪The Corporate Transparency Act aimed to increase transparency around shell companies.
- ▪The law initially received bipartisan support but has since faced significant challenges.
- ▪The Trump administration's decision to shelve the act raises concerns about corporate accountability.
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The Indicator from Planet Money NPR The Indicator from Planet Money LISTEN & FOLLOW NPR App Apple Podcasts Spotify Amazon Music iHeart Radio YouTube Music RSS link Who’s behind that shell company? We may never know May 26, 20263:00 AM ET By Sally Herships , Wailin Wong , Julia Ritchey , Kate Concannon Who’s behind that shell company? We may never know Listen · 9:20 9:20 Toggle more options Download Embed Embed <iframe src="https://www.npr.org/player/embed/nx-s1-5831356/nx-s1-mx-5831356-1" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player"> WIN-Initiative/Neleman/Getty Images Why is a law to reign in shell companies getting shelved by the Trump administration? The Corporate Transparency Act had bipartisan support, until it didn’t.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at NPR.
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