Washington Think Tank Questions The Effectiveness of FATCA
Gary Clyde Hufbauer of the Peterson Institute for International Economics qualifies the Foreign Account Tax Compliance Act (FATCA) as Imperial Overreach. He calls for Congress to pass a simple law delaying the implementation of FATCA for five years and requiring the Department of the Treasury during that period to negotiate cooperative two-way reporting with foreign governments. Read the full report.
Last Updated July 11, 2014