Just a quick note to draw attention to CF & P article yesterday, by Andrew Quinlan
“While the two chambers of Congress work to reconcile the differences between their respective transportation bills, CF&P continues to monitor an unrelated tax provision known as the “Stop Tax Haven Abuse Act” that was slipped into the Senate version by Sen. Carl Levin, a frequent source of anti-tax haven demagoguery. The Act would grant the Treasury Department new powers under the Patriot Act to compel foreign banks to perform the duties of the IRS by enforcing US tax law, while punishing those who do not sufficiently satisfy Treasury’s demands to enforce America’s counter-product worldwide tax system.” Read more…..
