Last week the House of Representatives voted with bipartisan support (251-165) to approve an amendment to the Red Tape Reduction Act (H.R. 4078) that would include the recently adopted IRS regulation requiring reporting on nonresident alien interest deposit information among the regulations to be delayed until unemployed drops below 6%.
read more...The IRS has announced that they will adopt an unpopular proposed regulation to require reporting of interest paid to nonresident alien depositors. The interest is not taxable under the US tax code, and both lawmakers and experts predict it will result in a loss of foreign investment in the US.
read more...The Center for Freedom and Prosperity Foundation released today a policy brief highlighting the severe economic damage that would result from adoption of an IRS proposal (REG-146097-09) to require U.S. banks to put foreign law above U.S. law by reporting deposit interest paid to non-resident aliens. Entitled, “Proposed IRS Interest Reporting Regulation Threatens U.S. Economy,” the paper is the second in CF&P’s new Libertas series.
read more...The Center for Freedom and Prosperity Foundation, joined by 23 of the country’s most influential free market and taxpayer rights organizations, sent a letter to Treasury Secretary Timothy Geithner urging withdrawal of an Internal Revenue Service (IRS) regulation that would discourage capital from the U.S. economy and weaken the American financial system.
read more...The Center for Freedom and Prosperity (CF&P) is participating Wednesday in a conference in the British Virgin Islands, where Dan Mitchell and Brian Garst will outline growing threats to international tax competition and business.
read more...A Subcommittee of the House Financial Services Committee will hold a hearing Thursday on a proposed IRS regulation to require reporting of nonresident alien deposit interest information. Such interest is not taxed under US law, and requiring its reporting would drive away much needed foreign capital, while providing zero benefit to the US economy or American taxpayers.
read more...The Center for Freedom and Prosperity (CF&P) is praising three U.S. Senators for their leadership in introducing legislation that would prevent the IRS from implementing an unnecessary and destructive regulation.
read more...The Center for Freedom and Prosperity (CF&P) is applauding the recent introduction of legislation that will prevent the IRS from implementing an unnecessary and destructive regulation.
read more...Led by the Center for Freedom and Prosperity, members of the Coalition for Tax Competition (CTC) testified Wednesday, May 18, 2011, as part of a 10-year ongoing battle against a proposed IRS regulation to collect additional and unnecessary information from nonresident aliens who invest in the United States.
read more...The Center for Freedom and Prosperity and the Coalition for Tax Competition are pleased to acknowledge the strong stand three Senators have made against a proposed IRS regulation to collect additional and unnecessary information from nonresident aliens who invest in the United States.
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