The American Empire: The Ruler of the World
McGill law professor Allison Christians on the imperialism of FATCA, and how it will apply unilaterally to countries not part of intergovernmental agreements because the U.S. "doesn't need them", and so with no way to comply with FATCA they will be shut out of the world financial system:
Prof. Karen Brown wrote an important and influential article in 2002 called Missing Africa on the topic of US tax and trade policy toward developing countries in general, Sub-Saharan Africa in particular. Her article starts with a quote: "We're the... United States. Do we need Africa?"' (from a former World Health Organization official who resigned over the lack of commitment to control AIDS in Africa).
Here the pattern repeats itself: even if they wanted to, many of the countries in the third map cannot forestall the present threat of economic sanctions. The United States simply doesn't need them. Yet many, many of these countries suffer far more from bank secrecy provided by the US and elsewhere than the other way around.
The unjustified and virtually-ignored perfection of US citizenship taxation is one part of FATCA's unexamined legacy, the dismantling of comity in international taxation another; so, too, the repeated exclusion of the developing world from an institutional order that is becoming increasingly unjust.
http://taxpol.blogspot.com/2014/06/the- ... -maps.html
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The_Face_of_Boo
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I not ordinarily a fan of resurrecting threads, however I just stumbled upon this one and noticed that it predates D. J. Trump's election as President of the US. In case anybody believes that the US was beloved of its neighbors and the rest of the world when Obama was still President.
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