DC Circ. Urged To Uphold IRS Win On Info-Sharing Regs
Law360, New York (October 7, 2014, 5:03 PM EDT) -- The Internal Revenue Service and the U.S. Department of the Treasury on Monday asked the D.C. Circuit to uphold a federal court’s decision to toss out a challenge by two banking associations to information-reporting regulations that the government said were integral to combat offshore tax evasion.
Alternatively, the government said in the brief, the appellate court should vacate the federal court decision and remand the case brought by the Florida Bankers Association and the Texas Bankers Association with instructions to dismiss it because the Anti-Injunction Act prohibits any suit that seeks to restrain the collection of tax.
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