There was near-unanimous agreement that it would be crazy to drive job-creating capital out of the US economy and there was also near-unanimous agreement that the IRS had no authority to impose a regulation that was completely inconsistent with the laws enacted by Congress.

FORBES: IRS Run Amok: Agency Illegally Helping Foreign Governments Collect Taxes?

The witnesses emphasized that S. 1315 contemplated simply additional reporting requirements, so as to avoid creating unwarranted impediments to the free flow of capital into and out of the United States.

CENTERFORSECURITYPOLICY: Center For Security Policy

The only original thought, supported by some in and out of the mohajir movement, would be to take the politics out of business by creating a new provincial capital for Sindh, and to turn Karachi into a free port.

ECONOMIST: Pakistan—wounded at birth | The