Center for Freedom and Prosperity Critisizes FATCA Following Yesterday’s Treasury Department Hearing

Today’s Treasury Hearing on FATCA Conducted in Vain, Law Must Be Scrapped, Says CF&P President

http://freedomandprosperity.org/2012/press-releases/treasury-hearing-on-fatca/

2011 Leter to Geithern on FATCA Cost-Benefit Analysis:

“…As a matter of policy, FATCA fails to measure up on several levels. It is not clear what benefits, if any, will come with its heavy costs. The projected revenue gains are questionable, and may even be offset entirely by the reduced economic activity. Treasury should take the additional time before FATCA is to be implemented to illuminate this issue with a cost-benefit analysis, so that lawmakers can determine if such legislation should ever be considered again, or if FATCA itself should be outright repealed.”

http://freedomandprosperity.org/2011/letters/geithner-fatca-cost-benefit-analysis/

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