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NASE Strongly Oppose Dept of Treasury Proposed Collection of Taxpayer Information
The NASE joined nearly 100 trade organizations in strong opposition of a recent proposal by the Department of Treasury to require financial institutions to report gross annual inflows and outflows of $400 on all account holders.
We strongly oppose this proposal as we believe the Department and IRS can be much more targeted in its desire to identify those who are not meeting their tax obligation. Further, we believe collecting this amount of data becomes a huge data privacy issue.
Read the full letter, here.