We finally have the draft agenda of the European Parliament’s Economic and Monetary Affairs Committee public hearing on FATCA next Tuesday.
Unfortunately, all of the scheduled speakers will almost certain defend FATCA as if their lives depended on it. My sense is there is a real political problem in Europe as more become aware of the IGA terms however, many others with all of Europe’s economic and deficit problems are strongly in favor of cracking down on tax “evasion.” I do know for a fact the reason this hearing is being called is do the protestations of anti FATCA MEPs such as Sophia In’t Veld however the net effect seems to be to have a hearing that at this point is completely dominated by pro FATCA voices. I do expect some tough questions from the likse of Ms In’t Veld that I suspect will cause some real discomfort for the currently scheduled speakers. However, I expect plenty of softballs from the FATCA sympathizers on the committee. I also expect the IRS/Treasury rep to lie through his death and essentially pray on the lack of knowledge many European politicians have of the US system of government.
One problem and issue is the only organized groups against FATCA other than purely domestic US groups like Center for Freedom and Prosperity are those such as AARO, FAWCO, ACA etc that are volunteer based and relatively small. For whatever its worth I have strongly encouraged my contacts at those orgs to make a formal petition for participation(The current schedule is only a “draft”). I have not heard a response back at this point.
I am putting this comment up on multiple threads so as many see it as subscribe.
I think we should be targeting the Delaware delegation regarding FATCA IGA reciprocity
I am tweeting them all this morning as a start, with Stacks comments on reciprocity…
Here is the first of many I will do…
Here are all their websites… and I will put a comment on there too..
In case you lost it, here is a link to the transcript of Robert Stacks comments..
Also we need to merge NSA and IRS data mining in peoples mind NSA + IRS = NSAIRS
Finally, work on show how misplaced trust is in our officials that are “protecting” us, just using their own public statements.
Is it hot in here, or am I just lying? Director of NSA Clapper denials http://www.thedailyshow.com/watch/mon-june-10-2013/good-news–you-re-not-paranoid—nsa-oversight … @TheDailyShow @BeirutCalling @SophieintVeld
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