[IMGCAP(1)]President Barack Obama has now joined personally in renewed efforts to pressure Kentucky Senator Rand Paul to stop blocking the ratification of eight tax treaties pending before the U.S. Senate. Paul is sticking to his guns, and it’s important for Americans to understand why.
Of the eight treaties, seven of them are bilateral agreements with various countries to facilitate cooperation to avoid double taxation and to lower compliance costs. Regrettably, these agreements also unnecessarily change the standard for providing personal financial information to law enforcement agencies from probable cause of criminal behavior, such as fraud—which Paul correctly regards as the only constitutionally permissible standard under the Fourth Amendment—to what amounts to wholesale bulk collection on the pattern of the NSA’s violations of email and phone privacy.
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