THE IRS GOES GLOBAL
Vienna, Austria. The problem of Internal Revenue Service misbehavior is not confined to its actions in the United States, but extends to its dealings with foreign individuals, institutions and countries.
All sovereign nations have just as much right to create their own tax laws and privacy protections as does the United States. So it is disappointing that the folks at the IRS and the Obama Treasury and Justice departments seem to have forgotten this basic principle. All are now engaged in a full-scale assault on the basic property and human rights of many non-Americans, as well as many Americans who live abroad or have assets in foreign countries.
Representatives of major European think tanks and taxpayer groups are attending the annual Resource Bank meeting here in Vienna, hosted by the Austrian Economics Center and the Hayek Institute. They are appalled by the actions of the IRS. So should we all.