Banks Oppose Biden’s New ‘Total Financial Surveillance’ Proposal On IRS Reporting

By Tyler Durden, Opposition is growing to a new proposal aimed at curbing tax evasion that would be part of the $3.5 trillion reconciliation package under consideration by Congress. The proposal, which is being pushed by the Biden administration, would require banks and other financial institutions to report to the Internal Revenue Service (IRS) any deposits or withdrawals totaling more […]
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