At a House Appropriations subcommittee hearing on Wednesday, Treasury Secretary Timothy Geithner was questioned by Rep. Diaz-Balart regarding an IRS proposal sure to drive hundreds of billions in foreign investment from the US. As CF&P has warned on many occasions, the proposed regulation to collect information from foreign depositors to share with their home governments […]
read more...The OECD, although a frequent villain, is not the only threat to fiscal sovereignty. Organizations such as the UN have long sought to tax carbon, financial transactions, and even emigration. But the latest in a long list of attempts to institute international taxes comes from a more surprising source, the World Health Organization. The WHO […]
read more...Examples of government waste are not hard to find in Washington DC, but identifying the worst, most egregious instances of destructive spending is more difficult. Based on the facts cited by a new CF&P Libertas published earlier this week, a strong case can be made that subsidies to the OECD are, dollar-for-dollar, the worst use […]
read more...Peter Dunn, warning of the many issues with the Foreign Account Tax Compliance Act, has written a great article at American Thinker called “FATCA: A Ticking Time Bomb for the Economy.” Lawmakers clearly need to reconsider the law and its accompanying regulations and withdraw them before trillions are driven from the economy: Now the HIRE […]
read more...Dr. Andrew P. Morriss of the University of Alabama and Lotta Moberg of George Mason University have produced a new paper titled, ““Cartelizing Taxes: Understanding the OECD’s Campaign Against ‘Harmful Tax Competition’,” which thoroughly documents the OECD’s anti-tax competition campaign. The paper echoes years of CF&P work in its description of an organization that has […]
read more...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 reporting of non-resident alien deposit interest information to the IRS, an action which puts foreign tax collectors ahead of US law and economic interests. Some […]
read more...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 in Paris also keep moving the goal posts, always pushing for greater discrimination against low-tax jurisdictions to avoid being added to their naughty list. The […]
read more...The latest video from our Economics 101 Series tackles poverty, an issue frequently used to pull heart-strings in support of big government policies. But as the video shows, big government redistribution schemes are not making the problem better, and are likely making it worse. As the following chart from the video demonstrates, poverty was steadily […]
read more...The so-called Super Committee has been tasked with finding $1.5 trillion in deficit reduction over the next ten years. Though with the President’s recent call for another half-trillion in stimulus that he claims would be payed for, they would need to find $2 trillion. In light of the committee’s upcoming work, I penned a letter […]
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