Rand Paul in crosshairs of tax evasion warSubmitted by Diamond Dog on Tue, 03/04/2014 - 22:50
By Rachael Bade | Politico
When a bipartisan Senate panel last week lambasted Swiss bank Credit Suisse for helping rich Americans evade billions in taxes, some watching the high-profile hearing couldn’t help but notice an elephant in the room.
That is, Sen. Rand Paul.
The connection? Paul for years has single-handedly blocked an obscure U.S.-Swiss tax treaty that lawmakers, prosecutors, diplomats and banks say makes the difference between U.S. law enforcement rooting out the names of a few hundred fat-cat tax evaders — and many thousands more.
Kentucky’s tea party darling says the treaty infringes on privacy rights. But his critics say Paul’s hold just hamstrings the Justice Department’s tax evasion work.