Monday, June 6, 2011

The IRS Running Amok: Forcing Americans Banks to Put Foreign Tax Law Above U.S. Tax Law

Here's the latest from my friend and frequent Kudlow Report guest Dan Mitchell.

According to Dan:

Even though it violates existing law, the IRS is seeking to impose a regulation that will discourage foreign investment in the U.S. economy and undermine the competitiveness of American banks. This CF&P Foundation video provides five reasons why this proposal is misguided, including the risk to innocent people living under corrupt and tyrannical governments.

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