Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
2026 World Cup
Rewards
Square
Latest
Hot
News
Profile

Trump reaches tax settlement with federal government, IRS restricted from pursuing past audits sparks controversy.

MeNews
robot
Abstract generation in progress
ME News, May 20 (UTC+8), the U.S. Department of Justice documents show that Trump reached an extraordinary settlement agreement with the federal government, terminating the $10 billion lawsuit he and his businesses filed against the Internal Revenue Service (IRS), and further expanding related terms. The agreement states that the IRS will be "permanently barred" from investigating or continuing existing audits related to tax returns previously filed by Trump, his businesses, and his family. The Justice Department said the restriction applies only to existing audit scopes. At the same time, the U.S. government agreed to establish a $1.8 billion "anti-weaponization fund" to compensate individuals or groups who claim to have been improperly treated during government investigations. This arrangement has been criticized by some Democratic lawmakers as a "disguised transfer of benefits," and has also sparked questions within the Republican Party. A former IRS commissioner noted that there is no precedent for a tax agency permanently relinquishing the right to review the historical filings of specific individuals or businesses, emphasizing that tax enforcement principles should be consistent for all taxpayers. The Senate indicated that the agreement still contains many unresolved issues, and it is expected to continue sparking political controversy and regulatory discussions. (Source: ChainCatcher)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments

  • Pinned

Sitemap