The Trump administration has been giving additional massive tax breaks to uber-wealthy corporations through under-the-radar notices, according to a report.
Through proposed regulations, the Treasury Department has offered tax relief to private equity firms, crypto companies, foreign real estate investors, and other large corporations, the
New York Times first reported.
For example, in October, the IRS
issued new proposed regulations
that would provide breaks to foreign investors in U.S. real estate. In August, the IRS
proposed a rollback of rules to prevent multinational corporations from dodging taxes by claiming duplicate losses in multiple countries.