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World Bank Study Shows How Anti-Money Laundering Rules Hurt the Poor

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

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

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 »

CF&P Objections to IRS Regulation Take Center Stage at Congressional Hearing

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

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

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

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?

Senator Rubio vs. Rogue IRS Bureaucrats

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 »