Burdens created by the Foreign Account Tax Compliance Act, particularly on Americans living abroad, are so obviously unjust that they are now raising the ire of more than just those of us ideologically and philosophically opposed to large government. Writing for Examiner.com, Koshek Rama Moorthi makes a solid case against FATCA based on its punishing […]

The chief executive of Hong Kong’s Securities and Futures Commission is warning against allowing US and European fiscal imperialism in Asia. The boss of Hong Kong’s financial watchdog has called for the authorities to take a greater role in global regulatory dialogue to prevent the US and EU from imposing their rules on region, reports […]

Center for Freedom & Prosperity President Andrew Quinlan called upon attendees at the 36th Annual Conference on the Caribbean and Central America to resist the Foreign Account Tax Compliance Act (FATCA). During his presentation, Quinlan cited the damage FATCA is causing to both the international banking sector and the US economy, and challenged the popular notion that acceptance is the proper response to the law.

CF&P is not backing down in the fight against FATCA. With so many insiders and special interests counseling for institutions and nations to just roll over and accept a raw deal, it would be easy to think the fight was already lost. But it’s no fait accompli that nations will give into US bullying, especially […]

President Andrew Quinlan will be taking part in a panel discussion on the implementation of the Foreign Account Tax Compliance Act (FATCA) and its ramifications for international banking at the 36th Annual Conference on the Caribbean and Central America, hosted by Caribbean-Central American Action.

Fresh off new delays in its implementation of the disastrous FATCA legislation, the Treasury Department has announced that it is in discussions with more than 50 countries to sign bilateral agreements…

“While foreign and domestic financial institutions are taking a beating, it’s ultimately the American people who will bear the brunt of FATCA. Consumers who engage in financial activities will face higher costs, and reduced investment will mean fewer jobs for American workers. Unfortunately, as this is a mess wholly created by Congress, only Congress can fix it. They must repeal FATCA now.”

Four US Senators are demanding details from Treasury Secretary Timothy Geithner regarding a recent plan to impose significant financial burdens on US institutions in exchange for international compliance with the burdensome FATCA (Foreign Account Tax Compliance Act) law.

The price of American citizenship only seems to get costlier – and I’m not just talking about high taxes. For Americans living or working overseas, excessive US regulations are becoming a disruptive burden, as exemplified by this disclaimer from Swiss PKB Privatbank brought to our attention by good friend Dr. Eduardo Morgan of Morgan and […]