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By Eduardo Morgan Jr. October 27th, 2013 FATCA, or the Foreign Account Tax Compliance Act, is a U.S. law which requires banks and financial institutions located abroad to report on deposits and financial assets of U.S. taxpayers, thus extending the rule of US fiscal legislation and making banks and countries worldwide U.S. tax collectors. […] By Andrew Quinlan October 21, 2013
The United States and other members of the Organization for Economic Cooperation and Development (OECD) have engaged for years in a hypocritical campaign to punish low-tax jurisdictions for adopting policies designed to attract capital and boost their economies. Often […] Treasury is acting without legitimate authority in pursuit of these IGA’s. So not only is it foolish for foreign governments to sign up, it is undermining the domestic political process. To add insult to injury, all of this international pain is resulting from Congressional aim at raising a pittance in tax revenues, a […] |
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