Trump applauds the Ministry of Finance for the deviation of “outrageous and invasive”

President Donald Trump On Sunday, the Ministry of Finance evaluated the truth that it has announced that it was a suspension of fulfilling reporting on favorable property information (BOI) for US citizens and domestic companies.

Baden’s Initiative says you may need to report some information about your favorable owners to the Financial Crimes Department (Fincen), IRS reports.

Trump called the “flamboyant and invasive” demand.

Ministry of Finance says

President Trump praised the Ministry of Finance at the end of Sunday for the recent decision to suspend the fulfillment of the requirements for favorable property information. (Reuters/Dado Ruvic/Illustration/Reuters Photos)

“The exciting news! The Ministry of Finance has announced that they suspend all the performances of outbuilding and invasive reports (BOI) for US citizens,” Trump wrote. “This Biden’s rule was absolutely disaster for Small business across the country. In addition, the Treasury is now finalizing emergency regulation to formally suspend this rule for the US business. The economic threat of reporting BOI will soon be gone. ”

The Treasury Department announced in Series of messages on X The fact that penalties or BOI fines will not be implemented and will not be fined against US citizens, no domestic statements, or their favorable owners.

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Punishment from fines and fines in BOI will not be fulfilled, and there will be no penalties against US citizens, domestic reporting companies and their favorable owners, the department said. (Istock / Istock)

Instead, the focus is on only foreign companies.

“The Treasury takes this step in the interest of supporting hard-working US taxpayers and small businesses and to ensure that the rule will be properly designed to promote public interests,” the department said.

Now the Minister of Treasury of President Trump, Scott Baby, speaks during the Senate Finance Confirmation Hearing on January 16. (Chen Mengtong/China News Service/VCG via Getty Images/Getty Images)

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“This is a victory for common sense”, Minister Finance Scott Import said. “Today’s actions are part of the bold agenda of President Trump to unleash US prosperity, overcoming burdened rules, in particular for small businesses that are the basis of the American economy.”

This decision comes when Trump’s executive orders set up border tariffs and will comply with a broader economic bolt of 1.5 trillion and 2 trillion. Dollars in federal costs.