Trump team is secretly handing out massive tax breaks to wealthy American corporations: report

[Eugene]

Earlier DU threads:
• Trump Is Giving More Tax Breaks to the Wealthy
• How the Trump Administration Is Giving Even More Tax Breaks to the Wealthy (with little public scrutiny)

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Source: The Independent

Trump team is secretly handing out massive tax breaks to wealthy American corporations: report

The proposed regulations tack on to the tax relief laid out in the president’s ‘One Big Beautiful Bill’ Act

Kelly Rissman
in New York
Saturday 08 November 2025 19:15 GMT

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.

The notices have not made headlines, but have been flagged by accounting and consulting firms.

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Read more: https://www.independent.co.uk/news/world/americas/us-politics/trump-tax-breaks-wealthy-corporations-b2861479.html

Alternate link: https://finance.yahoo.com/news/trump-team-secretly-handing-massive-191513201.html