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CF&P Welcomes FATCA Repeal Bill From Senator Rand Paul
The Center for Freedom and Prosperity (CF&P) today applauded Senator Rand Paul (R-KY) for introducing legislation that would repeal the most economically destructive and privacy violating provisions of the Foreign Account Tax Compliance Act (FATCA).
CF&P to Congress: Tax Reform Must Include FATCA Repeal
The Center for Freedom & Prosperity submitted comments to the House Ways and Means Tax Reform Working Groups calling for repeal of the Foreign Account Tax Compliance Act (FATCA).
CF&P President Andrew Quinlan Calls for Resistance to FATCA at 36th Annual Conference on the Caribbean and Central America
Center for Freedom & Prosperity President Andrew Quinlan called upon attendees at the 36th Annual Conference on the Caribbean and Central America to resist the Foreign Account Tax Compliance Act (FATCA). During his presentation, Quinlan cited the damage FATCA is causing to both the international banking sector and the US economy, and challenged the popular notion that acceptance is the proper response to the law.
CF&P President to Give Presentation on Destructive FATCA Law at 36th Annual Conference on the Caribbean and Central America
President Andrew Quinlan will be taking part in a panel discussion on the implementation of the Foreign Account Tax Compliance Act (FATCA) and its ramifications for international banking at the 36th Annual Conference on the Caribbean and Central America, hosted by Caribbean-Central American Action.
Latest FATCA Delay Bolsters Case for Repeal, Says CF&P President
“While foreign and domestic financial institutions are taking a beating, it’s ultimately the American people who will bear the brunt of FATCA. Consumers who engage in financial activities will face higher costs, and reduced investment will mean fewer jobs for American workers. Unfortunately, as this is a mess wholly created by Congress, only Congress can fix it. They must repeal FATCA now.”
CF&P Applauds Senate Scrutiny of Destructive FATCA Law and New Tax Information Sharing Agreement
Four US Senators are demanding details from Treasury Secretary Timothy Geithner regarding a recent plan to impose significant financial burdens on US institutions in exchange for international compliance with the burdensome FATCA (Foreign Account Tax Compliance Act) law.
Today’s Treasury Hearing on FATCA Conducted in Vain, Law Must Be Scrapped, Says CF&P President
In light of today’s Treasury Department hearing on the Foreign Account Tax Compliance Act (FATCA), the Center for Freedom and Prosperity (CF&P) is again taking the opportunity to call upon Congress to repeal the legislation.
CF&P Warns Conferees Against Senator Levin’s Poison Pill Tax Amendment
Center for Freedom and Prosperity President Andrew Quinlan sent a letter to Democrat and Republican members of the Surface Transportation Bill Conference Committee highlighting the dangers of allowing Senator Levin’s unrelated anti-tax haven amendment, slipped into the Senate version (S. 1813) by a voice vote, to make it out of conference and into the final bill.
CF&P Briefs International Businesses on Threats to Tax Competition
The Center for Freedom and Prosperity (CF&P) is participating Wednesday in a conference in the British Virgin Islands, where Dan Mitchell and Brian Garst will outline growing threats to international tax competition and business.
CF&P Letters to Treasury and Congress Call for Cost-Benefit Analysis, Repeal of FATCA
In a pair of letters sent to Treasury and Congressional leadership, the Center for Freedom and Prosperity (CF&P) has once again asked Congress to repeal the Foreign Account Tax Compliance Act (FATCA), and for Treasury to conduct a cost-benefit analysis. While CF&P welcomes the recent IRS announcement that FATCA will not be put into force at the beginning of 2013 as originally scheduled, the announcement shows recognition on the part of the IRS of the heavy regulatory burden that would be placed on foreign financial institutions.
