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 […]
read more...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 […]
read more...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 […]
read more...“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.”
read more...The Center for Freedom and Prosperity released today a Strategic Memorandum warning about the radical agenda pursued by opponents of tax competition. The Memorandum documents how opponents of low-tax jurisdictions and good fiscal policy are highly organized, politically emboldened and aggressively pursuing an otherwise unpopular and radical agenda.
read more...Opponents of tax competition have long argued that the need to combat tax evasion justified aggressive and counter-productive policies designed to eviscerate tax competition, financial privacy, and fiscal sovereignty.
read more...Since I’m probably the foremost defender of tax havens in the United States, I tend to get a lot of press inquiries whenever something happens that brings attention to these low-tax jurisdictions. In recent months, almost all of the media calls have been because (gasp!) Mitt Romney engaged in sound business practices and used tax […]
read more...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.
read more...The Organization for Economic Cooperation and Development (OECD), through its Global Forum on Transparency and Exchange of Information for Tax Purposes, claims that it is working to “ensure that all jurisdictions adhere to the same high standard of international cooperation in tax matters.” CF&P has long pointed out that the OECD’s real objective is to […]
read more...Back in April, responding to an article written by Ann Hollingshead for the Task Force on Financial Integrity and Economic Development, I wrote a long post defending so-called tax havens. I went through the trouble of a point-by-point response because her article was quite reasonable and focused on some key moral and philosophical issues (rather […]
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