SOURCECompetitive Enterprise Institute
America is the only major country in the world to have an extraterritorial tax system, demanding its expatriate citizens pay tax on their foreign earnings. For many years this rule was obeyed more in the breach than the observance, but...
SOURCEGlobal Financial Market Review
The Campaign to Repeal FATCA, America’s toxic global tax law, has now gone into full gear. A delegation of the Washington DC-based campaign, launched and co-led by Nigel Green, founder and CEO of deVere Group, one of the world’s largest independent financial...
SOURCECredit Union National Association
CUNA joined the World Council of Credit Unions this week supporting legislation that would repeal the Foreign Account Tax Compliance Act (FATCA). The organizations wrote to Sen. Rand Paul (R-Ky.) and Rep. Mark Meadows (R-N.C.), who sponsored the bills,...

A Weak Defense of FATCA

SOURCECenter for Freedom and Prosperity
The FACT Coalition’s Clark Gascoigne yesterday attacked efforts to repeal FATCA as intended to “defend tax evaders.” Most generously, his arguments might be considered extremely naive, but many come across as mendacious spin. Nevertheless, I will address his points and...
Washington’s Foreign Accounts Tax Compliance Act, known as FATCA, will be assailed afresh as lawyers and lobbyists renew efforts to repeal the law as part of President Donald Trump’s tax reform. Washington-based Jim Jatras, a Republican and co-leader of the...
SOURCELe Temps
La loi financière imposée par les Etats-Unis aux établissements bancaires du monde entier a rapporté 10 milliards de dollars en impôts, selon l’IRS. Pourtant, une étude montre que les coûts de mise en œuvre étaient tels que Fatca n’aurait rapporté...
SOURCEPR Newswire
WASHINGTON, April 4, 2017 /PRNewswire-USNewswire/ -- The highly controversial Foreign Account Tax Compliance Act is a monumental failure for the public purse and a "windfall of corporate welfare for compliance industries" warns Nigel Green, CEO of deVere Group and Co-Founder of the...
SOURCEAccountancy Age
A coalition of 23 groups has called for the US congress to include a repeal of the Foreign Account Tax Compliance Act (FATCA) in any tax reform package sent to president Donald Trump. Signed into law by Barack Obama in...
SOURCENewsmax
By Nigel Green The campaign for the Trump administration to repeal what has been described as “the worst law most Americans have never heard of" reached a monumental milestone last week. Sen. Rand Paul and Rep Mark Meadows have written to Treasury...
SOURCENewsmax
The Campaign to Repeal FATCA has sent a letter pushing Congress to include repeal of the Foreign Account Tax Compliance Act in any tax reform package sent to the White House. Under FATCA, which came into effect in July 2014,...

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