Sir, In spite of the fact that the EU Commission has no jurisdiction over tax treaties negotiated between individual EU member states and other jurisdictions, current US fiscal policy, which in simple terms is “do as I say and not as I do”, constitutes rank hypocrisy (“US in last-ditch effort to quash Brussels tax demand on Apple”, August 25).

The US Foreign Account Tax Compliance Act, surely the worst example of supranational fiscal imperialism in the history of taxation, continues to force institutions all over the world to waste billions of dollars to act as policemen for the US Internal Revenue Service. In contrast, the US has failed completely to provide any reciprocal commitments to exchange information with other governments around the world, under the OECD’s now widely accepted standard for automatic exchange of financial account information and common reporting standards. This constitutes double standards and naked abuse of power. It is also the primary reason that the US now is the world’s fastest-growing offshore tax haven.

Notwithstanding the lack of democratic accountability in Brussels, the US should start demonstrating mutuality of respect for its so-called allies, rather than continuing to play the schoolyard bully in matters of taxation. Of course, bullies don’t like it when the other kids kick back.

James Anderson

Founder and Editor-in-Chief,

PAM Insight,

Geneva, Switzerland

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