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The administration of Donald Trump is weighing a proposal that would require banks to collect and verify citizenship information from customers. While the policy has not been finalized, the potential implications are significant for individuals, business owners, and financial institutions alike. At Green Lotus Business Solutions, we believe in staying ahead of regulatory changes so our clients are never caught off guard. Here’s what you need to know. What Is Being Considered?

A federal court ruling involving the Internal Revenue Service (IRS). According to the decision, the IRS unlawfully disclosed confidential taxpayer information approximately 42,695 times in connection with requests from U.S. Immigration and Customs Enforcement (ICE). This ruling raises important questions about taxpayer confidentiality, government data-sharing practices, and the legal safeguards built into the Internal Revenue Code. Here is what you need to understand. What th

In a landmark ruling today, the U.S. Supreme Court invalidated a broad set of tariffs imposed by President Donald Trump’s administration, delivering a major blow to one of the most significant pillars of his economic agenda. The 6-3 decision holds that the president exceeded his authority under a 1977 emergency law when he unilaterally imposed sweeping import taxes on nearly all of the nation’s trading partners. Here’s what businesses and individuals need to know. What the