Blows to CTA risk international repercussions

The US Corporate Transparency Act has been defanged, but the backlash threatens to cause a significant headache for companies operating in the country. The heavily embattled Corporate Transparency Act (CTA) has been through a rollercoaster since its enactment in 2021. The latest update has seen the CTA stripped of virtually all enforcement under the Trump Administration, and the story is not yet finished. Perkins Coie partner Jamie Schafer wryly tells CDR the CTA is “the soap opera no one w