July 29

Bahamas Urged To Lobby Over Fatca

A SENIOR US policy analyst and lobbyist yesterday shot down the notion that the Foreign Account Tax Compliance Act (FATCA) was "here to stay", calling the impending legislation an invasive plan to "put everybody in a financial fish bowl". James Jatras, a principal of Squire Sanders Public Advocacy, told Tribune Business that FATCA's impact on international financial centres such as the Bahamas could be immense, with international clients pulling money out of US investments to avoid it falling...


- Letter to Treasury Secretary Lew from Congressman Bill Posey

- Letter to Treasury Secretary Geithner from Senators Rand Paul, Jim DeMint, Mike Lee, and Saxby Chambliss