One of the tax increases buried in Obamacare was an onerous and intrusive “1099″ scheme that would have required businesses to collect tax identification numbers for just about any vendor and then send paperwork to the IRS whenever they did more than $600 of business. Send one of your sales people to New York for […]

Richard Rahn writes in the Washington Times today on a pair of regulations which he describes as “national economic suicide.” At issue is the IRS’s proposed regulation that would require U.S. banks to report information on foreign account holders, even though they are not taxed in the U.S., as well as the Foreign Account Tax […]

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.

Almost ten years after first testifying against a proposal by the IRS to collect unnecessary information from foreign deposit holders, which would then be turned over to foreign governments, I once again represented CF&P and the Coalition for Tax Competition in opposing an effort to put foreign tax collectors above U.S. economic interests. Testifying with […]

There hasn’t been much good economic news in recent years, but one bright spot for the economy is that the United States is a haven for foreign investors and this has helped attract more than $10 trillion to American capital markets according to Commerce Department data. These funds are hugely important for the health of […]

I suppose there are some good jokes to make about Pakistan employing transgender tax collectors in an attempt to coerce more money from taxpayers, but I’m enough of a policy wonk to have serious questions about the system. First, why does the government need to “shame” people. Can’t they just arrest taxpayers and/or seize their […]

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.

Happy Tax Day! Or, if you’re like me, happy tax extension filing day. In the past couple of days, I’ve posted about the benefits of a better tax system and the unfairness of the current system. Those were compelling posts, at least I hope. But now let’s tie these themes together. Art Laffer has a […]

Since it is tax-filing season and we all want to honor our wonderful tax system, let’s go into the archives and show this video from last year about the onerous compliance costs of the internal revenue code. Narrated by Hiwa Alaghebandian of the American Enterprise Institute, the mini-documentary explains how needless complexity creates an added […]