Jan 132012
 
 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.

Sorry, the comment form is closed at this time.