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…
CF&P
Popular CF&P Video Highlights Costly Hidden Burden of Federal Tax Compliance
As Americans scramble to finish their federal taxes before Tuesday’s deadline, the Center for Freedom and Prosperity (CF&P) reminds taxpayers, politicians and voters of the tremendous hidden burden placed on Americans by the complicated federal US tax code. In a popular…
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…
Proposed IRS Interest Reporting Regulation Threatens U.S. Economy
The rule will drive capital investment from the U.S., goes against 90-years of Congressional intent, costs more than it benefits, and threatens the lives and human rights of many investors.
CF&P President Andrew Quinlan Comments on Levin-Conrad-Whitehouse Amendment to Surface Transportation Reauthorization Bill
The Senate included a Levin-Conrad-Whitehouse amendment in the Surface Transportation Reauthorization Bill (S. 1813) that expands onerous powers in the Patriot Act in order to give the Treasury Department unchecked powers to extend US tax law beyond American borders.
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 …
Second Letter to Secretary Geithner on IRS Reporting Regulation
We are troubled by the Treasury Department’s failure to withdraw a rule that faces near universal opposition, provides no benefit to the U.S., and threatens to drive billions in much needed foreign investment out of the economy. We are therefore writing again to express…
New CF&P Libertas Paper Outlines OECD Use of American Taxpayer Dollars for Big Gov’t, Class-Warfare Agenda
The Center for Freedom and Prosperity Foundation released today a policy brief highlighting the statist agenda of the Organisation for Economic Co-operation and Development (OECD), and how the organization works against the interests of U.S. taxpayers.
OECD Subsidies Are Against U.S. Interests
Funding of the OECD should be cutoff until such time as the organization ends its campaign against low-tax jurisdictions and the principles of limited government.
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.