Changes in law always follow either actual or desired changes in society. The concept of “Homeland Security” is one result of 911. Cooley Law School (one of the biggest law schools in the United States) is developing an LL.M. program in Homeland Security. If the U.S. is successful in imposing FATCA Harmony on the world, I expect to see a proliferation of LL.M. programs in FATCA. After all, the legal profession and legal academics see FATCA as the “Gift that keeps on giving“.
