January 13, 2012 Laws
Bernie Becker and Alexander Bolton report:
Sen. Rand Paul (R-Ky.) is holding up a trio of international tax treaties over concerns that the pacts give the federal government too much power to invade personal privacy.
The Obama administration says the three treaties — with Luxembourg, Hungary and Switzerland — will help the U.S. battle tax evasion by reining in the use of offshore accounts to hide assets from the IRS.
But a Senate aide said the libertarian-leaning Paul thinks the treaties go too far and has placed a hold on them to prevent floor votes.
Read more on The Hill.
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