Tags: America's Forum | Exclusive Interviews | Immigration | David Selig | immigration | banks

Tax Expert David Selig: NYT Wrong on Immigrant Banking Crackdown

Monday, 07 Jul 2014 03:37 PM

By Courtney Coren

Federal tax practitioner David Selig says that the report by The New York Times, claiming that banks are curbing the deposits made by immigrants to relatives in their home countries "is a total lie."

According to Selig, "the good folks at the Gray Lady" didn't just "tell a little lie" but a "whopper."

Story continues below video.


Note: Watch Newsmax TV now on DIRECTV Ch. 349 and DISH Ch. 223
Get Newsmax TV on your cable system – Click Here Now

"There are more remittances, transfers, and exchanges of hard currency from the United States to Mexico, Latin America, and Africa than there have ever been," Selig told J.D. Hayworth and Miranda Khan on "America's Forum" on Newsmax TV. "I would dispense this story like so much dross."

The federal tax practitioner says that what is going on at banks across the country is the opposite of crackdown.

"It is a planted piece of propaganda," he contends. "The fact of the matter is the administration has done everything it possibly could to reduce the fees of transferring money, remitting money out of the country. They have put onerous restrictions on the various banks to facilitate these transfers.

"They can't even inquire as to the nature of the monies, which is just absolutely wrong," he added.


Related Stories:

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Dinesh D'Souza: Romney Had His Chance and I'm Glad He's Out

Friday, 30 Jan 2015 19:01 PM

Conservative author and filmmaker Dinesh D'Souza says former Massachusetts Gov. Mitt Romney made the right choice in dec . . .

David Horowitz: Obama 'Doesn't Want Us to Win'

Friday, 30 Jan 2015 17:27 PM

The refusal of the Obama administration to call the Taliban what they are , terrorists , while going all out for an accu . . .

Allen West: Mitt to be Powerful GOP Force Behind Scenes

Friday, 30 Jan 2015 16:46 PM

Mitt Romney will work better behind the scenes in helping Republicans capture the White House next year, says former Rep . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved