Does anyone else find this to be, er, just a bit shameless and
unseemly on Treasury Secretary Tim Geithner's part?
Announced
the Treasury Department today:
As part of the Obama Administration's aggressive efforts to
enforce U.S. tax laws and reduce offshore tax evasion, the U.S.
Department of the Treasury today announced the conclusion of
negotiations with Switzerland to amend the U.S.-Switzerland
income tax treaty to provide for increased tax information
exchange. Official signing of the protocol is expected in
the next few months.
"This Administration is committed to reducing off shore tax
evasion to help ensure that all U.S. taxpayers are playing by
the same rules," said Treasury Secretary Tim Geithner.
"This treaty will increase our ability to enforce our tax laws
and will help bring an end to an era of offshore accounts and
investments being used for tax evasion."
Tax evasion. Such an ugly thing when other people do it!
About the Author
Doug Bandow is a Senior Fellow at the Cato Institute and the Senior Fellow in International Religious Persecution at the Institute on Religion and Public Policy. A former Special Assistant to President Ronald Reagan, he is author of Beyond Good Intentions: A Biblical View of Politics (Crossway).