US GOVERNMENT GIVING TAXPAYERS’ PERSONAL INFO TO FOREIGN NATIONS
By NWV News writer Jim Kouri
October 18, 2011
Few Americans are aware that their personal and financial information is being given to foreign nations by the U.S. Internal Revenue Service in the name of “getting Americans to pay their fair share.” And the globalists in the U.S. government are happy to share Americans’ confidential information.
With trillions of dollars in cross-border financial activity, U.S. tax authorities and others around the world exchange information with each other to administer and enforce compliance with the tax laws of their respective countries. In many cases, these information exchanges are similar to that which is exchanged in criminal cases.
Sadly, in dealing with taxpayers’ information, no warrants are necessary and the process disregards the U.S. system of jurisprudence that recognizes the time-honored “innocent until proven guilty.”
Recently the U.S. Congress requested its investigative arm, the Government Accountability Office, to identify and describe all income tax treaties and other such agreements between the United States and other countries as well as describe the volume of exchange activity, types of information exchanged between the United States and its treaty partners, and request processing times.
In addition, the GAO was asked to identify opportunities to improve the effectiveness of current U.S. information exchange processes and procedures. GAO analyzed the international agreement documents, IRS data on information exchanges, and analysts interviewed program officials and the users of the exchanged information.