What the Shell?
About this episode
The episode discusses the elimination of an anti-corruption measure by the Treasury Department and explores the spending habits of billionaires.
This week: The Treasury Department announced it’s killing an anti-corruption measure that requires shell companies to identify their beneficiaries. Felix Salmon , Elizabeth Spiers , and Emily Peck explain how a key aspect of the bipartisan Corporate Transparency Act ended up on the chopping block—and what lobbyists and the Trump administration stand to gain from its elimination. Then, the hosts discuss the billionaires who are buying themselves fun little treats like the L.A. Lakers and Broadway theaters. And later: how Italian bank vaults full of Parmigiano-Reggiano cheese are dealing with the extreme heat. In the Slate Plus episode: What’s $6 Million Between Friends? Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify . Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli. Hosted on Acast. See acast.com/privacy for more information.
People in this episode
Hosts: Felix Salmon, Elizabeth Spiers, Emily Peck
Topics covered
- anti-corruption
- shell companies
- billionaires
- Corporate Transparency Act
- investments
- Italian bank vaults
- heat
Mentioned in this episode
Organizations: Treasury Department, Corporate Transparency Act, Trump administration
Products: Parmigiano-Reggiano
Places: L.A. Lakers, Broadway, Italian
More episodes of Slate Money
- The $12.93 Billion Emoji Joke
- Money Talks: The Dinosaur Economy
- Canadian Beef
- P(doom) and Other AI Questions
- Money Talks: Do Childcare Subsidies Pay Off?
- The Unwanted Art Boom
Explore listener stats, chart rankings, contacts and more on the Slate Money podcast page.