Tag Archives: Foreign Account Tax Compliance Act
This article appeared in Forbes’ Capital Flows.
FATCA implemented, inversion panics, and IRS tales of woe.
I’ve argued that subsidies for the Paris-based Organization for Economic Cooperation and Development are the most destructively wasteful outlays in the federal budget. At least on a per-dollar-spent basis. But what if… Read more
Big news in the fight against FATCA, consequences from the uncompetitive U.S. corporate tax code, and much more.
Paying for bad economic advice from IO’s, EU pushing tax harmonization, and corporate views of what makes a good tax code.
The failure of anti-money laundering laws, the importance of tax competition, and problems with the Foreign Account Tax Compliance Act.
The Center for Freedom and Prosperity submitted testimony in response to open solicitations from the Parliament of New Zealand regarding tax legislation to implement compliance with the Foreign Account Tax Compliance Act (FATCA). Authored by CF&P Director of Government Affairs, Brian Garst, the testimony warned that appeasement of U.S. demands is the wrong approach, suggesting instead that New Zealand should join in efforts to repeal FATCA.
The Center for Freedom and Prosperity applauds the decision of the Republican National Committee to adopt FATCA repeal as part of its official platform. Since its passage in 2010, the Foreign Account Tax Compliance Act has proven a disaster for Americans living, working and investing overseas, and is a fundamentally wrongheaded approach to tax enforcement.
Despite spending more than $8.6 million so far, with another $8 million projected to be spent still, on developing the online portal for handling the registration of foreign financial institutions… Read more