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(English) CF&P President Andrew Quinlan Denounces IRS Adoption of Destructive, Job Killing Regulation

From The Center for Freedom and Prosperity

(Washington, D.C., Wednesday, April 18, 2012) 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 foreign investment in the US.

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