TV News LIES

Friday, Aug 17th

Last update05:20:13 AM GMT

You are here News Politics I.R.S. Will No Longer Force Kochs and Other Groups to Disclose Donors

I.R.S. Will No Longer Force Kochs and Other Groups to Disclose Donors

E-mail Print PDF
Koch brothers

The Trump administration will end a longstanding requirement that certain nonprofit organizations disclose the names of their large donors to the Internal Revenue Service, a move that will allow some political groups to shield their sources of funding from government scrutiny.

The change, which has been long sought by conservatives and Republicans in Congress, will affect labor unions, social clubs and, most notably, many political groups like the National Rifle Association and the Koch network’s Americans for Prosperity, which collect what is known as “dark money.”

Treasury officials said the reporting change would protect privacy and reduce compliance costs for nonprofits, and that the I.R.S. could still request donor information from groups in the rare event that it was needed for tax scrutiny.

“Americans shouldn’t be required to send the I.R.S. information that it doesn’t need to effectively enforce our tax laws, and the I.R.S. simply does not need tax returns with donor names and addresses to do its job in this area,” Steven Mnuchin, the Treasury secretary, said in a statement on Monday evening.

More...


Most Recent Related Stories...


Special counsel says up to 6 months jail 'warranted' for Trump aide-turned cooperating witness

George Papadoupolis sentencingSpecial counsel Robert Mueller is recommending a judge sentence one-time Donald Trump campaign aide George Papadopoulos...

12 former top intel officials blast Trump's move to revoke Brennan's security clearance

Former intel officials sign letter about security clearances Twelve former top U.S. intelligence officials on Thursday condemned President Trump's decision to revoke the security...

Scores of ex-spies join in rebuking Trump over security clearances

Former CIA Director John Brennan An avalanche of retired senior intelligence officials and spies have joined more than a dozen of...

Judge: Trump's release of dossier memos opens door to disclosures from FBI

Christopher Wray must release dossierinfo President Donald Trump’s decision to declassify competing congressional memos about the validity of the so-called Steele...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!