Financial Regulatory Forum

Rangel to step aside from key US Congress tax post

March 3, 2010

WASHINGTON, March 3 (Reuters) – The embattled chairman of the tax-writing U.S. House of Representatives Ways and Means Committee, Charles Rangel, said on Tuesday he will step aside temporarily as chairman after being admonished by a House ethics panel.

U.S. tax bill demands reporting by banks, rich to fight offshore evasion

October 27, 2009

U.S. Senator Max Baucus (D-MT), chairman of the Senate Finance Committee, smiles before the Committee passed the Democratic healthcare reform bill with a 14-9 vote, October 13, 2009 on Capitol Hill in Washington. (File Photo) REUTERS/Jason Reed  (UNITED STATES POLITICS HEALTH)  By Kim Dixon
WASHINGTON, Oct 27 (Reuters) – U.S. Democrats aim to stop rich Americans from hiding assets offshore to evade taxes by slapping penalties on individuals and foreign banks, according to legislation introduced in the U.S. Congress on Tuesday.