Concern raised about more tax compliance

03/9/2012 | Hill, The

Sen. Carl Levin, D-Mich., has proposed legislation aimed at cracking down on tax evasion, but the Financial Services Roundtable and other industry groups are voicing concerns about the measure and the speed with which the Senate is moving on it. When combined with the Foreign Account Tax Compliance Act, "the amendment could represent another layer of compliance and complexity,” said Scott Talbott of the Financial Services Roundtable.

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Hill, The

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