July 29

Fatca can be stopped, says DC lobbyist

Yesterday AsianInvestor received a message from a political lobbyist in Washington, DC named Jim Jatras, referencing our story ‘Hong Kong fires back at Fatca’ and efforts by a variety of industry groups in Asia to lobby the US Treasury and the IRS on the proposed tax law. He notes that Treasury’s role is to enforce its statutory mandate, and any adjustments it can make are minimal. Similarly, it is not well appreciated outside of the United States that political opposition to Fatca is growing...

 

- Letter to Treasury Secretary Lew from Congressman Bill Posey

- Letter to Treasury Secretary Geithner from Senators Rand Paul, Jim DeMint, Mike Lee, and Saxby Chambliss