Major financial regulatory bodies have jointly introduced a comprehensive new compliance framework designed to standardize reporting requirements across international markets. The changes will affect banking institutions with assets exceeding $50 billion.
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The Treasury Department has released details of upcoming changes to corporate tax regulations, including adjustments to depreciation schedules and new reporting requirements for digital asset transactions.
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Manufacturing and energy companies face stricter environmental reporting requirements as new EPA regulations come into force. The changes mandate quarterly emissions disclosures for facilities exceeding certain thresholds.
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