Tag Archives: IRS
New Academic Study Confirms Previous IMF Analysis, Shows that Lower Tax Rates Are the Best Way to Reduce Tax Evasion
Leftists want higher tax rates and they want greater tax compliance. But they have a hard time understanding that those goals are inconsistent. Simply stated, people respond to incentives. When… Read more
Obama Administration Supports Rogue IRS Regulation in Order to Please Europeans, Even though It Will Undermine American Banks and Hurt the U.S. Economy
I’ve written several times about a proposed IRS regulation that would force American banks to put foreign law above U.S. law. I’ve repeatedly warned that the scheme, which would force… Read more
Last year, I came up with a saying that “Bad Government Policy Begets More Bad Government Policy” and labeled it “Mitchell’s Law” during a bout of narcissism. There are lots… Read more
As this image illustrates, the internal revenue code is a nightmare of complexity. And this chart shows how Obamacare is turning the health care system into a Byzantine nightmare. So… Read more
Fighting the revival of a decades-old proposal that would drive much needed foreign capital out of the US, CF&P has aggressively laid out the case against the regulation to require… 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.
Why impose a regulatory burden on a weakened banking sector when it has nothing to do with enforcing American tax law?
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.