December 6

More Trouble for ‘FATCA’!

An essential, irreplaceable tool for the U.S. Treasury Department in trying to implement the otherwise unenforceable FATCA (the “Foreign Account Tax Compliance Act”) is to convince people of its inevitability: “Resistance is futile – you will be assimilated!” This has been the consistent message directed at non-U.S. institutions and governments to convince them that, since FATCA will be imposed on them whether they like it or not, it’s best to sign an intergovernmental agreement (IGA) as what...

 

- 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