Search Results: keywords:"tax evasion"

  • S. 3643 — To improve the prohibitions on money laundering, and for other purposes.
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    Status:Introduced in Senate
    Words:4,497

    S. 3643 seeks to strengthen the laws against money laundering and related activities in the United States. It introduces tougher penalties for offenses like bulk cash smuggling, illegal money services businesses, and using informal value transfer systems like hawalas for...

    Simple Explanation

    This bill is like a big rulebook to help stop people from hiding or sneaking around with money in bad ways. It makes the rules stronger so that people who do naughty things with money, like hiding big piles of cash or using secret money services, can get into more trouble.

  • H. RES. 1553 — Expressing the sense that the House of Representatives must take responsible and timely action to address the Federal tax loophole that allows Act 22 decree holders to legally evade Federal taxes.
    Status:Introduced in House
    Words:214

    H. RES. 1553 is a resolution that calls on the House of Representatives to take prompt and responsible action to close a federal tax loophole allowing Act 22 decree holders to avoid paying federal taxes. Act 22 enables wealthy Americans to move to Puerto Rico and receive substantial tax...

    Simple Explanation

    H. RES. 1553 is a suggestion from some grown-ups in the government who want to change a rule that lets rich people move to Puerto Rico and not pay certain taxes. This can make it harder for people in Puerto Rico to afford their homes, so they want to fix this problem to help everyone live better.