You Decide: Reasonable Tax Compliance Measures or Capital Controls

Back in mid-March, in case you missed it, President Obama inked into law another bill to get the economy, and employment in particular, moving again. The new law is named the Hiring Incentives to Restore Employment Act, or HIRE for short. In addition to providing yet another endearing acronym for spending $17.5 billion, the law nonchalantly introduces new capital controls under the benign guise of standard-seeming tax compliance measures.

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