New IRS rule benefits only foreign dictators

posted by
March 8, 2012
Competitive Enterprise Institute
by Iain Murray  
Posted in Commentary

"Since when is it the U.S. government's job to report on the financial activities of foreign nationals to their home governments? It is now. The IRS has rolled out a new rule that will force deposit institutions, such as banks and credit unions, to report how much interest nonresident aliens have earned on their U.S.-held accounts to the IRS, who will then report it to their home country governments." (03/08/12)  

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