Tag Archive for 'FATCA'

Factoring the Costs of FATCA Compliance into the Debate

By Stephen Kangal
December 30, 2016

Stephen KangalIt would appear inevitable that T&T will, in the face of a doomsday scenario, be forced to become FATCA-compliant in the shortest possible time according to the shifting deadlines unilaterally issued by the IRS/Treasury Department. But in quantifying the current and future costs of FATCA compliance one must go beyond the costs to be incurred by individuals, companies, local banks and other financial institutions and the potential loss of their billion-dollar profit margins.
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How FATCA Infringes and Trammels Our Statehood

By Stephen Kangal
December 23, 2016

Stephen KangalThere was a quite visible and audible dearth in the House lacking the requisite international relations expertise to analyze and dissect the internationally illegal imposition of US-domestic FATCA on T&T from a foreign policy/international law perspective.

That important missing dimension, after T&T has been an active international relations participant for 55 years of statehood/UN multilateral diplomacy/foreign policy-making, has tarnished our international image, national pride and reputation.
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America is a Big FATCA Liar

By Ted Baumann
March 4, 2015 – thesovereigninvestor.com

FATCAWhen I was a kid I once got the better of a bully in a schoolyard scuffle that he had started. With workmen on the school roof cheering me on, I chased the guy halfway across the playground before he turned around and raised his hands in surrender. Needless to say, with the whole class watching, he was terribly embarrassed.
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