So who's on your side?

[ProblemAgain]

i'm sure all the middle class have foreign assets to worry about their privacy....what an utter assclown...

Senator Paul offers bill to weaken U.S. anti-tax evasion law

By Patrick Temple-West | Reuters – 12 hrs ago

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• http://media.zenfs.com/en_us/News/Reuters/2013-05-08T043058Z_1_CBRE..." alt="Senator Rand Paul of Kentucky speaks at the Conservative Political Action Conference (CPAC) at National Harbor, Maryland March 14, 2013. REUTERS/Kevin Lamarque" title="Senator Rand Paul of Kentucky speaks at the Conservative Political Action Conference (CPAC) at National Harbor, Maryland March 14, 2013. REUTERS/Kevin Lamarque" class="lightbox5c4ea6dda2aec2dd08e8f82093360842" width="450" height="244"/>
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  Reuters/Reuters - Senator Rand Paul of Kentucky speaks at the Conservative Political Action Conference (CPAC) at National Harbor, Maryland March 14, 2013. REUTERS/Kevin Lamarque

By Patrick Temple-West

WASHINGTON (Reuters) - U.S. Senator Rand Paul introduced a bill late on Tuesday that would repeal parts of a 2010 law designed to fight offshore tax evasion by Americans with assets hidden in foreign banks.

The Foreign Account Tax Compliance Act (FATCA) is being implemented worldwide through a series of agreements between the U.S. government and other governments and foreign banks.

Paul, a Kentucky Republican with libertarian views, has been a critic of FATCA, saying it invades individuals' privacy. His bill has little chance of winning approval in the Democratic-controlled Senate.

Starting next year under FATCA, foreign banks, investment funds and other financial institutions will have to tell the U.S. Internal Revenue Service about Americans with accounts that are worth more than $50,000. Firms failing to comply could effectively be frozen out of U.S. capital markets.

http://news.yahoo.com/senator-paul-offers-bill-weaken-u-anti-tax-04...

[LoveLife&Laughter]

Whose side is he on?

(like we don't know)

[P.A.]

Senator Paul is even more extreme than his namesake. I don't understand what these anti tax people expect to use to operate the government even if it is a bare bones one.

[Ioruach]

I have long been bemused by how frequently the “invasion of privacy” argument is used by individuals from throughout the political spectrum. It has become the holy grail of the righteous.