This article appeared in Forbes.
read more...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.
read more...February 3, 2014 To: Parliament of New Zealand, Parliamentary Select Committee Re: Taxation (Annual Rates, Employee Allowances, and Remedial Matters) Bill My name is Brian Garst. I am the Director of Government Affairs for the Center for Freedom and Prosperity (CF&P), a U.S. based think-tank that seeks to promote and preserve global tax competition, financial […]
read more...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.
read more...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 for the Foreign Account Tax Compliance Act (FATCA), the IRS is still unprepared for the law according to a report by the the Treasury Inspector […]
read more...My friend Dr. Eduardo Morgan Jr. recently published an article for La Estrella de Panamá, in which he succinctly summarizes not only the goals of but also the significant problems with the Foreign Account Tax Compliance Act. The Intergovernmental Agreement (IGA) was created purposely to soften the fierce opposition of the global banking industry to […]
read more...This year has seen numerous scandals followed by public concern over the extent to which government agencies are violating their privacy rights. Much of the focus has been on the NSA and national security, but the bigger threat to domestic rights may ultimately come from the IRS. A few years ago, Congress passed the Foreign […]
read more...This article appeared in La Prensa.
read more...This article appeared in Offshore Investment.
read more...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 […]
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