If Congress set out right now to craft a law to sabotage the global competitiveness of the US economy, they’d have trouble coming up with one better than what they passed in 2010 in the Foreign Account Tax Compliance Act (FATCA).

I wrote recently about the need to draw a line in the sand on FATCA. Long story short, if current efforts to form an international tax cartel are not halted immediately, we can look forward to a future with a bleak economic outlook due to depressed worldwide investment, non-existent financial privacy for individuals and thus […]

Last week the Treasury Department finally released the oft delayed final rules for the Foreign Account Tax Compliance Act. The 544 pages of rules seem to offer little in the way of surprises, but they do confirm that FATCA remains “the worst law most Americans have never heard of,” as recently dubbed by James Jatras. […]

In a recent column, Cal Thomas describes the account of a friend named “Sam,” who is learning that being an American overseas comes with high costs: I had read about financially motivated expatriates, but I never knew one until I visited with my longtime friend “Sam” (I’m withholding his real name to protect his current […]

In the most comprehensive and detailed take-down I’ve yet seen of the Obama administration’s destructive FATCA law, Herman Bouma offers “11 Reasons Why FATCA Must Be Repealed.” Bouma is a Senior Tax Counsel at Buchanan Ingersoll & Rooney PC, and an international taxation expert. Here are the 11 arguments he makes along with my own […]

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.

I was asked to talk today about the implications of the most recent delays in implementing FATCA. To do so, I want to put the law in a larger context, as part of a battle which my organization has been fighting for over a decade. Once the context is clear, I’ll then discuss what’s going on with FATCA today and possibilities for the future.

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 […]