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…
News
CF&P President Andrew Quinlan Denounces IRS Adoption of Destructive, Job Killing Regulation
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 forei…
New CF&P Libertas Paper Outlines Danger of Proposed IRS Interest-Reporting Regulation
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 interes…
Coalition for Tax Competition Letter Seeks Withdrawal of Destructive IRS Interest-Reporting Regulation
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 …
CF&P Briefs International Businesses on Threats to Tax Competition
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.
Congressional Hearing Highlights Destructive Impact of Job-Killing IRS Regulation
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 aw…
CF&P Praises U.S. Senators Behind Effort to Prevent Implementation of Destructive IRS Regulation
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.
CF&P Applauds Congressional Effort to Rein in IRS and Prevent Implementation of Destructive Regulation
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.