U.S. Congress Passes Fraud Enforcement Bill After Removing International Tax Crime Provisions

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Wednesday, July 1, 2009
Author: 
Bruce Zagaris
Volume: 
25
Issue: 
7
277
Abstract: 
On May 18, 2009, prior to a House vote Congress passed a fraud enforcement bill (S. 396) after removing provisions making movement into or out of the U.S. money for the purpose of committing tax crimes. On May 14, 2009, the Senate amended the bill but returned it to the House without returning the provision that would have criminalized the use of tax havens to avoid U.S. income tax...[more]