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Treasury sets March 21 deadline for millions of businesses to report ownership information or risk fines of $10,000 or more

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Summary
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75% Informative

The Treasury Department has set a March 21 deadline for businesses to report "beneficial ownership information" or risk civil and criminal penalties.

A Texas district court struck down a nationwide injunction on enforcement of the Corporate Transparency Act .

The measure aims to prevent criminals from hiding illicit activity conducted through shell companies or opaque ownership structures.

A string of court orders had prevented the Treasury from enforcing the measure.

VR Score

83

Informative language

86

Neutral language

69

Article tone

formal

Language

English

Language complexity

67

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no external sources

Source diversity

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