Sen Levin Seeks To Add Anti-Tax Haven Measure To Lending Bill

July 20th, 2010

Dow Jones

WASHINGTON — Sen. Carl Levin (D., Mich.) said he will attempt to add sanctions for banks judged to be helping U.S. customers evade taxes to a small business bill now pending in the Senate.

Levin said the anti-tax-evasion provision would raise money to help offset the cost of small business lending provisions, including aid to states to aid small businesses that can’t get loans because the value of their collateral has dropped.

Read more…

Written by admin

Follow @FinTrCo