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.

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 […]

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 […]

This article appeared in La Prensa.

This article appeared in Offshore Investment.

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 […]

This article appeared in The Daily Caller.

President Obama promised he would unite the world…and he’s right. Representatives from dozens of nations have bitterly complained about an awful piece of legislation, called the Foreign Account Tax Compliance Act (FATCA), that was enacted back in 2010. They despise this unjust law because it extends the power of the IRS into the domestic affairs […]

Since its passage in 2010, the Foreign Account Tax Compliance Act has been delayed multiple times. Most recently the Treasury Department has pushed back 6 months the beginning of FATCA’s withholding penalty for noncompliant institutions, from January 1, 2014 to July 1, 2014. This newest delay is further proof that FATCA is poorly conceived and […]

Few know better than Americans living overseas the punitive and capricious nature of U.S. tax policy. Writing in today’s Wall Street Journal, law professor and former Deputy Assistant Secretary of State Colleen Graffy provided a clear and concise accounting of FATCA‘s destructive flaws from the point of view of an American overseas. The legislation is […]