If anyone had any guess China would go along with FATCA, forget it. As noted in Risk.net, China has little incentive to comply with FATCA (the Foreign Account Tax Compliance Act) or to sign an intergovernmental agreement (IGA) with the...
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...
New videos have been posted of the GMU seminar on FATCA with Jesse Eggert and Jim Jatras. First panel discussion at the George Mason Journal of International Commercial Law's Fall 2012 Symposium on the Foreign Account Tax Compliance Act discussing...
U.S. Treasury official concedes promise of “reciprocity” falls short ‘IGAs’ no protection for firms, subject to cancellation by U.S. at will ABA: “no indication or evidence suggesting that the Treasury conducted the required due diligence for entering into...
Greens call for Harper Government not to sign agreement with Washington until Parliament has had a chance to “examine and debate whether an IGA and FATCA are in Canada's interest.” Concerns about FATCA (the “Foreign Account Tax Compliance Act”) are...
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...
This week’s episode of our weekly radio show aired January 19, 2013, on our flagship station WVNJ New York and online. James Jatras is the editor of RepealFATCA.com. He discusses the latest on the US Foreign Account Tax Compliance Act...
FATCA law is self-destructing fiscal protectionism. The U.S. government has long had two minds on tax competition. Politicians routinely complain about so-called tax havens and support the bullying of smaller, low-tax jurisdictions. It seems that enforcement-über-alles is the rallying cry,...
The implementation of a new and ill-conceived tax act, which would damage the U.S. economy, adversely affect American firms that operate globally and negatively impact the seven million U.S. citizens who live overseas, appears to be floundering. Created, according to...
Proponents of the “Foreign Account Tax Compliance Act (FATCA) – a/k/a “the worst law most Americans have never heard of” – fell short at the end of 2012 on two key indices, further puncturing its air of presumptive inevitability: ...

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