Forum Post: Rand Paul Wants to Loosen Laws on Offshore Tax Evasion
Posted 10 years ago on May 10, 2013, 7:04 p.m. EST by GirlFriday
This content is user submitted and not an official statement
Late Tuesday, Sen. Rand Paul (R-Ky.) introduced a bill that would repeal part of a law aimed at fighting offshore tax evasion.
The law, called the Foreign Account Tax Compliance Act, was passed in 2010 and is supposed to go into effect on January 1, 2014. It requires foreign financial institutions to report information about Americans with accounts worth more than $50,000 to the IRS. Firms that don't comply will be fined.
Tax policy watch dogs say the FATCA is essential to rooting out tax cheats. "The increased bilateral exchange of taxpayer information that...[is] crucial to cleaning up the worldwide shadow financial system," Heather Lowe, director of government affairs for the advocacy organization Global Financial Integrity told Accounting Today earlier this month. "[F]oreign financial institutions should not harbor the illicit assets of U.S. tax evaders."
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LOL Mr. Pjr.should never have held office in the first place, so he has little room to talk, but I figure he's planning his negative ad campaign for '16'.
I just read that. He and his followers are quite delusional.
He's going to be worse than his father and that's pretty bad.
I like how they call him a (R)epelican't/libe(R)tarian though.
It shows who's really leading us towards libe(R)topia. Now if only the rest of the country would figure that out, we might be able to progress.
I think they have, otherwise, why the hell would they waste so much time on this site?
It has now become the party of delusion on the national level.
I believe this is purposeful, for the distraction it provide to agencies like ALEC, who is still......................successfully.........
Destroying Democracy, one State at a time.
Well, sure if we focus over there then we sure as hell can't pay attention to current little push to get rid of any regulations for the banks.
Didn't they just pass the one that puts us on the hook if any of their derivatives goes haywire?
I wonder how much they paid to get that law passed.
We're on the hook.....by law.
No questions asked.
Where's all the Rand Paul fans???
Hiding under the couch?
Having second thoughts about libe(R)topia??
Nah, posing as the under 40 crowd and instigating drama and then running away-as usual.
Yeah, they ran away around the time he called for drone bombing American citizens, and I don't mean Monsanto.
All that talk about his phoney philibuster went phfffft.
Well, they just run with it until they get nailed and then they pick up somewhere else.
New name, same old shit, and they always expect to be treated like a new user in spite of them saying the same thing in perfect lock step.....
But they haven't mentioned Mr P jr, since the philibuster.
Hammer + Nail = smack dead center on the head.
I've noticed the dumb little twit has no problem talking trash indirectly but then runs like hell when the opportunity presents itself for a direct confrontation.
Time for it toss a fit??? Clenched fists, frothing mouth, stomping feet, and an insane gibbering howl???
I guess. It must be something like that.
Or changing socks/ID's so it looks like it has support - but it is - only - IT. While also tossing a fit.
Oh, yeah. That's the fun part.
Sad to contemplate living like that.
That's what he gets paid to do. I don't understand how it manages to live with it self.
Drugs a keeper & a straight jacket?
I imagine there are drugs somewhere in there, or there will be, if it ever looks in the mirror.
??? I don't think it can look away - and most of it's derision that it spews here (?) is actually intended for itself as it stares into the mirror lost in the moment.
http://www.youtube.com/watch?v=OnlTrq6wLf0 Time keeps on slip-en slip-en slip-en into the future..................................
Rand is a sell out, always has been. Its why he's in the spot he's in.
How these clowns convince people to follow them, is beyond me.
That being said, things like this arent surprising at all. Its what they do, and people vote for them.
Already have over 30 trillion hidden off-shore doing nothing in private hoards - and the asshole wants to speed the economy/country straight into the toilet.
The Austerity asshole has got to go. Ayn is also a reason that the people are abandoning the corpoRAT co-opted Republican party. So I guess he has one positive affect. Making sure the average individual sees how insane these people are.
Their message to the people - from the shills and the corpoRATists themselves = http://www.youtube.com/watch?v=mwAcr-S1LSw
While they drive full speed to the edge of the cliff heading into the abyss.
Another attempt to go after those who earn money; who have money, in an attempt to continue paying for the out of control government spending. Instead of trying to reign in the budget, instead of trying to change the mentality of the government as caretaker, we continue trying to squeeze every cent we can so the government can play Robin Hood.
Is that right? Do tell.
You have the floor. Share with all.
Under one ID if possible.
Until I get blocked, again, this is one of my main desires. In my profession, I deal sometimes deal with three generations of a family that exists on nothing but the dole. Why? The schools where I live are excellent and there are 2 universities and at least four community colleges within a 2 hours drive. People are falling off the workforce at an alarming rate and a vast majority of states and municipalities are deeply in the red, mostly due to benefits and social care. In the current atmosphere in Washington, no one is willing to make the hard choices regarding budget cuts, decreasing duplicity, and generally making people aware that they can control their own destiny.
It is apparently easier to try to siphon money from those who have it in the hopes that the well will never run dry. Why do you think so much money is off shore? Less central government, more local control, I believe that is the answer. And I intend on sticking by that belief, even after the schlubs who moderate this site block me again.
I have nothing against you, I am sure you are nice and have good intentions.
In my profession, I deal sometimes deal with three generations of a family that exists on nothing but the dole. Why?
What do you mean deal with? And are you saying that your personal experience is true for all?
HEY Shithead - austerity pusher.
Those you characterize as being siphoned from - you know the wealthy?
They are the endless UN-fillable vacuum that has siphoned off trillions of dollars from this economy - squeezing every penny of it from someone else - a vast number are the working poor. Also taking away employment and shipping it out to slave/sweat shops. When you talk about who is "coddled" you are talking about the wealthy - the living wealthy and the undead ( corp(se)oRATions ) wealthy.
would a manager of a store or factory be siphoning off money from the working poor since it is the workers in that factory who are doing the labor?
The owner of the store or factory would be the one siphoning.
Without the owner, who would start the company? Who would put in the capital? Why does a person start a company? Your implication is that business owners are parasites?
Yep - when they are - when able to be - when the business is making a ton of money/profits and yet the workers need public aid to get by. Then - Absolutely they are parasites.
Why should the public have to support a worker who "IS" working a full time job?
The public would not have to - if that full time worker was being paid a living wage.
There could be two approaches to this. The first could be to go with the living wage. That is noble, but it would not work. The first reason is the employers would cut their work force. The second would be they would pass on higher costs to the consumer.
Now, the second approach would involve universal work advancement. Minimum wage jobs should be reserved for the high school students. Perhaps more employer sponsored scholarships - financial assistance for a contract to work for the company for a period of time.
And there are different levels of assistance. My experience is with a Florida program called the Medically Needy program. If a person makes too much to qualify for full assistance, then they qualify for partial assistance. I imagine the same concept applies to food stamps.
Nope - sorry - you wanna sell that? Go to a hospital maternity ward and pitch it to the new-borns.