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…
Daily Analysis
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 Global Competitiveness Report. My attitude about these developments is to…
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 in Paris also keep moving the goal posts, always pushing for…
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 of US tax policy in general. The key points: The rationale behind…
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 regulatory edicts to overturn 90 years of law. Here are excerpts…
Private Digital Money and the Fight Against Oppressive Government
I’m depressed about the global network of tax police being organized by the OECD and high-tax governments. If successful, it will lead to much bigger, more oppressive government. But maybe there’s a way of fighting back. Here’s a video from the folks at Reason TV…
A Line in the Sand Against the OECD
CF&P recently released a paper calling on low-tax jurisdictions to resist the OECD. The high-tax European welfare states which control the OECD continue to move the goal posts and devise ever more hoops through which low-tax jurisdictions are expected to jump. As…
CF&P Testifies Against Harmful IRS Regulation
Almost ten years after first testifying against a proposal by the IRS to collect unnecessary information from foreign deposit holders, which would then be turned over to foreign governments, I once again represented CF&P and the Coalition for Tax Competition in…
Senator Rubio, Representative Posey, and other Lawmakers Fighting to Stop IRS Proposal that Would Drive Investment from U.S. Economy
There hasn’t been much good economic news in recent years, but one bright spot for the economy is that the United States is a haven for foreign investors and this has helped attract more than $10 trillion to American capital markets according to Commerce Department…