Libertarian lawmaker blocks international tax treaties, making strange bedfellows - The Hill's On The Money:
May 5, 2013 - "Sen. Rand Paul’s efforts to block international tax treaties are making some strange bedfellows between business groups and anti-tax evasion crusaders.
"Paul (R-Ky.) has been holding up treaties with Hungary, Luxembourg and Switzerland in the Senate for well over a year now, a turn of events that has angered business interests that have called approval of those sorts of agreements routine.
"Liberal groups have more recently joined in the efforts to free up the treaties, which they say would help smooth the implementation of a law aimed at cracking down on Americans who use foreign banks to cheat on their taxes....
"But a Senate aide told The Hill in 2012 that Paul had privacy concerns about the treaties, which the aide said would 'allow the government to obtain a wide array of records without evidence that people may be hiding money.'"
Read more: http://thehill.com/blogs/on-the-money/international-taxes/297741-libertarian-lawmaker-blocks-international-tax-treaties#ixzz2TkA3Jsv1
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May 5, 2013 - "Sen. Rand Paul’s efforts to block international tax treaties are making some strange bedfellows between business groups and anti-tax evasion crusaders.
"Paul (R-Ky.) has been holding up treaties with Hungary, Luxembourg and Switzerland in the Senate for well over a year now, a turn of events that has angered business interests that have called approval of those sorts of agreements routine.
"Liberal groups have more recently joined in the efforts to free up the treaties, which they say would help smooth the implementation of a law aimed at cracking down on Americans who use foreign banks to cheat on their taxes....
"But a Senate aide told The Hill in 2012 that Paul had privacy concerns about the treaties, which the aide said would 'allow the government to obtain a wide array of records without evidence that people may be hiding money.'"
Read more: http://thehill.com/blogs/on-the-money/international-taxes/297741-libertarian-lawmaker-blocks-international-tax-treaties#ixzz2TkA3Jsv1
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