The taxonomist. (Correspondence).(Letter to the Editor)

THOSE WHO DEPLORE RISING tax evasion both here and abroad should applaud Robert McIntyre's [Nov. 18] exposure of the outrageous unwillingness of the Bush administration to call for reporting of interest paid to foreign depositors by U.S. banks.

But the problem goes beyond the issue of non-reporting. To discourage this loophole, the United States should follow the practice of imposing a withholding tax on such payments. I recall testifying against the Reagan administration's abolition of that tax. It had previously been imposed and accepted in many tax treaties (both bilateral ...

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