Today I got curious about who actually designed this horrific albatross around our necks called FATCA. I found out that one responsible person is J. Richard (Dick) Harvey, who proudly says he was one of the architects of FATCA. He has published an article that discusses his perception of FATCA, how it came to be, issues with it and what he sees as recommendations needed to make FATCA successful. His article consistently refers to “tax cheats” (29 times), and there is no discussion of how this would affect regular, normally law-abiding people. He argues extensively for GATCA. His paper, Offshore Accounts: Insider’s Summary of FATCA and Its Potential Future’ can be found at:
