The destruction caused by the Foreign Account Tax Compliance Act (FATCA) has been well covered by CF&P and others. Among other things, the law is scaring foreign investment out of the economy, turning US citizens abroad into toxic assets, and redirecting significant funds away from productive investments toward excessive compliance costs, all in the pursuit […]
read more...Bono recently made waves for defending capitalism and its role in alleviating poverty. Rock stars aren’t supposed to express appreciation for the same free markets that have made them wealthy. But not only has he witnessed first hand how markets work to bring people out of poverty, he’s even defending tax competition! Bono has made […]
read more...This article appeared in The Daily Caller.
read more...Bitcoin, a digital cryptocurrency, is a potentially disruptive technology offering both social and economic gains. While the technology that has revolutionized peer-to-peer payments is growing in popularity, it is nevertheless vulnerable to being stamped out by overzealous regulators and reactionary politicians. Bitcoin is the world’s first decentralized digital currency. Its revolutionary use of a public, […]
read more...This article appeared in The Washington Examiner.
read more...I was on the road this afternoon when I caught on the radio Rush Limbaugh’s mention of a 2011 article by CF&P Chairman Dan Mitchell, in which he argued against the conventional wisdom that the 1995 government shut down harmed Republicans. This debate matters because the argument is frequently used to break down the will […]
read more...Since its passage in 2010, the Foreign Account Tax Compliance Act has been delayed multiple times. Most recently the Treasury Department has pushed back 6 months the beginning of FATCA’s withholding penalty for noncompliant institutions, from January 1, 2014 to July 1, 2014. This newest delay is further proof that FATCA is poorly conceived and […]
read more...Few know better than Americans living overseas the punitive and capricious nature of U.S. tax policy. Writing in today’s Wall Street Journal, law professor and former Deputy Assistant Secretary of State Colleen Graffy provided a clear and concise accounting of FATCA‘s destructive flaws from the point of view of an American overseas. The legislation is […]
read more...This article appeared in La Prensa.
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