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U.S. to Sic IRS on Russia

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In response to the growing tension over the fate of Ukraine, the U.S. plans to deploy one of its most feared agencies on the increasingly belligerent Russia: the IRS. The Associated Press says that the U.S. will utilize the FACTA law that requires U.S. banks to start withholding a 30 percent tax on certain payments to financial institutions in other countries unless those foreign banks have agreements in place to share information about U.S.

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