Senator Paul Won't Budge On Blocking Tax Treaties

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Senator Paul Won't Budge On Blocking Tax Treaties

by Wochit 0:38 mins

Senator Paul Won't Budge On Blocking Tax Treaties

by Wochit 0:38 mins

Republican Senator Rand Paul on Wednesday again blocked the U.S. Senate from moving toward ratifying five pending tax treaties, saying they would make it easier for foreign governments to invade the privacy of Americans. The Kentucky libertarian, defying business interests that favor the agreements, cited concerns the treaties would allow more inter-government sharing of financial information on citizens. The United States has tax treaties with more than 60 countries, ranging from China to Kyrgyzstan. Their main purpose is to prevent double-taxation of corporate profits.

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