NSA Abuse Shows Importance of Financial Privacy

by Brian Garst | Oct 14, 2014 | Big Government, Blogs, Financial Privacy, Privacy

Arguments in favor of the Foreign Account Tax Compliance Act start and end with tax evasion. Those who question the validity of a massive and invasive financial dragnet for the purpose of catching a few tax cheats are accused of either being a tax evader themselves or...

U.S. Can’t Deliver on FATCA Promises

by Brian Garst | Aug 8, 2014 | Opinion and Commentary

This article appeared in Cayman Financial Review, Third Quarter 2014, Issue 36. Since its passage in 2010, financial institutions and their governments have scrambled to comply with the costly impositions of the Foreign Account Tax Compliance Act (FATCA). To entice...

FATCA Remains Vulnerable Despite Implementation

by Andrew F. Quinlan | Jul 17, 2014 | Opinion and Commentary

This article appeared in Forbes’ Capital Flows on July 17, 2014. This month finally marked the much delayed implementation of the Foreign Account Tax Compliance Act (FATCA). The massive financial dragnet’s diminishing group of supporters shouldn’t pop the...

Prosperity Update July 10, 2014

by CF&P | Jul 10, 2014 | News, Prosperity Updates

FATCA Updates An Act of Economic Strangulation Richard Rahn on FATCA: “This one regulation by itself may well cause another drop in GDP during the third quarter of this year, owing to both the uncertainty it engenders and the fact that it will drive out...

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...