The IRS Running Amok: Forcing America’s Banks to Put Foreign Tax Law Above U.S. Tax Law

Even though it violates existing law, the IRS is seeking to impose a regulation that will discourage foreign investment in the U.S. economy and undermine the competitiveness of American banks. This Center for Freedom & Prosperity Foundation video provides five reasons why this proposal is misguided, including the risk to innocent people living under corrupt and tyrannical governments: