tag:blogger.com,1999:blog-6398232680738279469.post4497717289451978572..comments2024-03-12T07:30:17.846-07:00Comments on The Tax Times: The United States and Denmark signed FATCA Bilateral Agreement. Ronald A. Marini, Esq.http://www.blogger.com/profile/14304486100168506240noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6398232680738279469.post-83009828889415987212012-11-21T12:46:58.220-08:002012-11-21T12:46:58.220-08:00You have to wonder if Congress will ever wake up t...You have to wonder if Congress will ever wake up to these IGA deals that are being made which are NOT in the text of FATCA nor were they part of the intention of Congress when they passed the stupid law. They are obligating America to do things that Congress has not agreed to. <br /><br />To make these false reciprocity deals work, they are bringing the cost of FATCA back to the homeland shores with the domestic version of FATCA or DATCA. Will Congress just let that happen silently and let these deals be cemented in place, without an 'advise and consent' process. <br /><br />Not to be hyperbolic here, but there is almost a coup d'état of tax policy bureaucratic functionaries over Congressional legislative pejorative that is happening before our eyes, and yet so many are silent and just go along in meek compliance. It is stunning how much the technocrats, have taken over. <br /><br />I see there are a few push back stories around.<br /><br />This on Forbes. Coerced Foreign Tax Compliance Is Killing American Jobs<br /><br />http://www.forbes.com/sites/realspin/2012/11/20/coerced-foreign-tax-compliance-is-killing-american-jobs/ <br /><br />This By [Simon Culhane, Chartered FCSI and CEO of the Chartered Institute for Securities & Investment (CISI), “US ‘a bully’ because of FATCA,” SPEAR’S, Nov. 20, 2012]<br /><br />http://www.spearswms.com/spears-world/wire/41037/us-a-bully-because-of-fatca.thtml <br /><br />This By [Nigel Green, CEO at the deVere Group, “US Treasury should be called to account on ‘economy-damaging’ FATCA,” www.nigel-green.com, Nov. 16]<br /><br />http://www.nigel-green.com/2012/11/16/us-treasury-should-be-called-to-account-on-economy-damaging-fatca/ <br /><br />Posted by Marvin Van Horn <br />Ronald A. Marini, Esq.https://www.blogger.com/profile/14304486100168506240noreply@blogger.com