Center for Freedom and Prosperity's Weekly Update

1) Letter from Congressional Black Caucus Members to Treasury Secretary O'Neill
2) Press Reports on the CBC letter to O'Neill
3) Dan Mitchell is going to Europe
4) Dan Mitchell's IBD op-ed on Johnson v. Johnston
5) You Decide – Johnson v. Johnston
6) Marshall Langer's article on the IRS's proposed interest reporting regulations
7) IRS Regulation Comments Needed
8) Talking Points on the IRS's Qualified Intermediary Regulations

1) Letter from Congressional Black Caucus Members to Treasury Secretary O'Neill

Twenty-six Congressional Black Caucus members – including Charles Rangel, the ranking Democrat on the House tax-writing committee – signed a letter to Treasury Secretary Paul O'Neill asking him to pull U.S. support for the OECD tax competition project. Letter link below:
http://www.freedomandprosperity.org/ltr/cbc/cbc.shtml

2) Press Report on the CBC letter to O'Neill

Tax Notes International: Congressional Black Caucus Says OECD Tax Move Unfairly Blasts Developing Nations. Link below:
http://www.freedomandprosperity.org/Articles/tni03-27-01/tni03-27-01.shtml

3) Dan Mitchell is going to Europe

Heritage Foundation expert and CFP Co-Founder Dan Mitchell will be speaking in Geneva on Thursday, Liechtenstein and Zurich on Friday, and Brussels on Monday. All those interested in obtaining more information regarding the time and location of Dan's remarks should e-mail him at dan.mitchell@heritage.org

4) Dan Mitchell's Investor's Business Daily op-ed on Johnson v. Johnston
http://www.freedomandprosperity.org/Articles/ibd03-27-01/ibd03-27-01.shtml

5) You Decide – Johnson v. Johnston

Read both letters for yourself.  You decide if OECD Secretary General Donald Johnston answered the six important questions by U.S. Representative Sam Johnson.

Rep. Sam Johnson's letter (PDF format):
http://www.freedomandprosperity.org/Johnson.pdf

Sec. Gen. Donald Johnston's letter (PDF format):
http://www.freedomandprosperity.org/johnston-oecd.pdf

6) Marshall Langer's article on the IRS's proposed interest reporting regulations.

International Tax Expert Marshall J. Langer argues that proposed IRS regulations requiring U.S. banks to report interest payments to nonresident aliens could cause a significant outflow of funds from U.S. financial markets.  Link below:
http://www.freedomandprosperity.org/Articles/tni03-19-01/tni03-19-01.shtml

7) IRS Regulation Comments Needed

Contact the IRS and SAY NO to proposed IRS regulation on requiring US financial institutions to report interest income paid to foreign account holders. This new regulation would be devastating to the US economy since it will force a large amount of foreign investment to move somewhere else.
http://www.freedomandprosperity.org/update/irsreg/irsreg.shtml

[Please Note:  Please email CFP your statement to the IRS and we will post selected comments.]

8) Talking points on IRS's Qualified Intermediary Regulations

CFP has been working on the Qualified Intermediary issue since October 2000. Find out more about this issue by reviewing our talking points. (We will have a QI page added to our web site in the near future).
http://www.freedomandprosperity.org/fpf/qitp/qitp.shtml

Kind regards,

Andrew Quinlan
Center for Freedom and Prosperity
President
202-285-0244
603-971-9137 (efax)
quinlan@freedomandprosperity.org
www.freedomandprosperity.org

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