British Banks Revolt Against Obama Tax Plan: Maybe it's Payback for the Bad DVDs

by Benjamin Domenech on 1:09 pm May 25, 2009

This should surprise no one: “British banks and stockbrokers may refuse to take on American clients if new international tax proposals outlined by President Obama are passed.” Audit costs for American clients are expected to soar under the new proposals; UK is sending a delegation to meet with the IRS in June demanding reversal.

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