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World Bank Study Shows How Anti-Money Laundering Rules Hurt the Poor
I’ve complained many times about the pointless nature of anti-money laundering laws. They impose very high costs and force banks to spy on their customers, but they are utterly ineffective… Read more
It’s Time for Congress to Settle Debate On Merits of Attracting Foreign Investment
We’re hearing rumors that Secretary Geithner has agreed to provide a cost benefit on the proposed nonresident alien interest reporting regulation before it is finalized. But as I reported the… Read more
Financial Regulation, the Red-Tape Nightmare, and Anti-Money Laundering Laws
I’ve periodically written about the overall cost of regulation, and I’ve also highlighted the onerous costs of proposals such as the Dodd-Frank bailout bill. This blurb from the IFC Review… Read more
Taiwanese Banks Pulling Billions Out of US Over FATCA Legislation
As CF&P has consistently warned, the Foreign Account Tax Compliance Act passed last year is driving foreign investment out of the US, which means less capital investment for the economy… Read more
CF&P Objections to IRS Regulation Take Center Stage at Congressional Hearing
Fighting the revival of a decades-old proposal that would drive much needed foreign capital out of the US, CF&P has aggressively laid out the case against the regulation to require… Read more
Another Sign of American Decline: USA Drops from 1st to 5th in Index of Financial Centers
I’ve previously blogged about the declining status of the United States, as measured by objective sources such as the Economic Freedom of the World Index and the World Economic Forum’s… Read more
Eduardo Morgan Exposes OECD Cartel for High Tax Nations
My friend Dr. Eduardo Morgan Jr. sees first hand in Panama how the OECD works. While hypocritically chastising smaller jurisdictions and ignoring the same behavior from larger members, the bureaucrats… Read more
Growing Opposition to Obama’s IRS Proposal to Make Banks Put Foreign Tax Law above U.S. Tax Law
Why impose a regulatory burden on a weakened banking sector when it has nothing to do with enforcing American tax law?
FATCA Law is Self-Destructing Fiscal Protectionism
I recently co-authored with Dan Mitchell an article in the Swiss magazine Schweizer Monat explaining the many problems with the Foreign Account Tax Compliance Act (FATCA), and the schizophrenic nature… Read more
Senator Rubio vs. Rogue IRS Bureaucrats
Senator Rubio continues to impress with his Reagan-like efforts to restrain government and promote growth. His latest initiative is legislation to curtail rogue IRS bureaucrats who are seeking to use… Read more
