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Tag Archive for repealing fatca

When Financial Transparency Becomes Personal Tyranny

One of the most commonly used (and abused) buzzwords in public life is “transparency.” Transparency is good. Everybody’s for it.

The problem is the different, even contradictory, meanings the word is given.

For example, transparency in government is when citizens can see what their rulers are up to. It’s a necessary check on abuses of power. That’s why the United States and many other countries have laws on freedom of information. Read more

How Exactly Does The Meadow Bill Repeal FATCA?

John RIchardson

(This blog is continued from a longer set of posts which you can find here: Part 1: Introducing FATCA – What Does It Mean In Your Life? and Part 2: FATCA:  How Does The Meadows Bill Interact?)

I was asked to answer the question:

“What exactly would it mean to repeal FATCA?”

The short answer to the question is:

“We make FATCA go away by reversing all the changes to the Internal Revenue Code that collectively comprise FATCA.”

Read more

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