Perspectives on Federalism is a free on-line peer-reviewed journal, promoted by the Centre for Studies on Federalism.

Progressive ideology has slowly eroded American principles for over a century, declaring social control its ultimate goal. Social control is not possible while American principles, such as individual freedoms and limited government, thrive. Global control is now the favored progressive tactic to overcome such principles, and no sector of our lives is off limits.

This paper intends to examine the motives behind, and consequences of, U.S. legislation known as the Foreign Account Tax Compliance Act (“FATCA”). Thanks to FATCA, financial institutions around the world have been forced into a sphere of global control. Passed without debate as stealth legislation, FATCA moved us towards global control. FATCA is merely a pit-stop to global control over all financial institutions, transactions, reporting, and a host of other areas. Even worse, the pit-stop is a short one. International organizations are currently working on a global version of FATCA.