U.S to sic IRS on Russian banks
WASHINGTON- The Russians ought to be worried about this: the U.S. is using the IRS to make it more expensive for Russian banks to do business here.
It's the latest weapon in the arsenal to punish Russia for its incursion into the political affairs of Ukraine.
Starting July 1, a law passed in 2010 to curb tax evasion through the use of overseas accounts takes effect. It will target financial institutions that don't agree to share information about U.S account holders with the IRS.
Russia had been negotiating an information-sharing agreement but the talks were suspended when Russia annexed Crimea and stoked separatist movements in Ukraine.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
North Carolina police release dash cam shooting footage (Warning: Graphic Video)
North Carolina police release shooting footage (Graphic video warning)
West BR to implement traffic flow measures on LA 1 starting Monday
Man claims his severe losses came from contractor, not flood
Local teen prepares for 9th open heart surgery