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Is FATCA the Worst Part of the Internal Revenue Code?

Is FATCA the Worst Part of the Internal Revenue Code?

by Dan Mitchell | Jul 6, 2014 | Blogs, Economics, Financial Privacy, Tax Competition, Taxation

I’ve argued that subsidies for the Paris-based Organization for Economic Cooperation and Development are the most destructively wasteful outlays in the federal budget. At least on a per-dollar-spent basis. But what if we did the same exercise on the tax side of...

Rand Paul: A Modern-Day Horatius in the Fight to Protect Private Financial Information from Corrupt and Evil Governments

by Dan Mitchell | Mar 22, 2014 | Blogs, Economics, Financial Privacy

Senator Rand Paul is being criticized and condemned by the Washington establishment. That’s almost certainly a sign that he’s doing the right thing. And given the recent events in Russia and Ukraine, we should say he’s doing a great thing. This is because Senator Paul...

Great Moments in the Failed and Costly War against Money Laundering

by Dan Mitchell | Feb 26, 2014 | Blogs, Financial Privacy

Time for another great moment in red tape. I wrote a couple of weeks ago that banks treat customers poorly in part because of bad laws and regulations from Washington. Money laundering laws were adopted beginning about 30 years ago based on the theory that we could...

A “Human Right” to Other People’s Money

by Dan Mitchell | Jan 29, 2014 | Big Government, Blogs, Financial Privacy, Tax Havens, Taxation

One of the many differences between advocates of freedom and supporters of statism is how they view “rights.” Libertarians, along with many conservatives, believe in the right to be left alone and not molested by government. This is sometimes referred to in the...

Thanks to Government, Banks Treat You Like Crap and Spy on You

by Dan Mitchell | Jan 28, 2014 | Big Government, Blogs, Financial Privacy, Regulations

People are getting increasingly agitated about being spied on by government. The snoops at the National Security Agency have gotten the most attention, and those bureaucrats are in the challenging position of trying to justify massive invasions of our privacy when...
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