FATCA Endangers Privacy, Financial Security, 6th Circ. Told

By Natalie Olivo (September 16, 2016, 2:46 PM EDT) -- Sen. Rand Paul, R-Ky., and others asked the Sixth Circuit on Thursday to revive their challenge to offshore tax compliance measures, arguing that the harms under these measures include not just the loss of constitutionally protected privacy, but also financial and security risks

The federal government last month had urged the panel to affirm an Ohio federal court's dismissal of the suit brought by Paul and several others, which had claimed that the federal tax compliance measures and intergovernmental agreements between the U.S. and other countries to facilitate the implementation of the Foreign Account Tax Compliance Act all impose unique and...

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