Comment on Obama’s Double-Edged Sword

Obama’s Double-Edged Sword

In a July 14 editorial titled “Picking on the Swiss,” the Wall Street Journal criticizes the Obama Administration for attempting to require the Swiss Bank, UBS, to turn over to the IRS the names of some 52,000 US taxpayers who currently maintain secret accounts with the bank. According to the Journal, “This sort of fishing expedition expressly violates the U.S.-Swiss treaty on sharing tax information.

 

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