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Protests are rising against the US Foreign Account Tax Compliance Act (FATCA) as a coalition of 23 groups is lobbying Congress to repeal the law. FATCA was approved by former President Barack Obama in 2010 as a tool for uncovering...

By Theo Caldwell "A territorial tax system – what is that?" So inquired a White House reporter of Treasury Secretary Steve Mnuchin as he outlined President Trump's tax reform proposal. The question itself, and the baffled tone in which it was delivered,...

What’s FATCA? That’s what Jim Jatras is going to be telling us as we sit down and discuss why he’s trying to get it repealed!

By Lisa Smith The Foreign Account Tax Compliance Act (FATCA) is a failure and has not generated enough cash to run the government for more than 30 minutes, campaigners against the tax have claimed. Instead of boosting treasury revenues by the...

Sen. Rand Paul Introduces Bill to Repeal FATCA WASHINGTON, D.C. – Today, U.S. Senator Rand Paul (R-KY) introduced legislation to repeal the Foreign Account Tax Compliance Act (FATCA), with U.S. Representative Mark Meadows (R-NC) introducing a companion bill in the U.S....

Thousands of ‘accidental Americans’ who face surprise US tax demands and intrusive investigations of bank accounts have called on the new French MP for North America to help them end their problems. Anyone born in the US has US nationality...

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...

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...

By Jeff Reynolds A bill before Congress would roll back regulations requiring banks in other countries to report to the Internal Revenue Service on U.S. citizens’ assets held abroad. A bill before Congress would roll back regulations requiring banks in other...

Some 9 million Americans reside abroad. More than 4 in 10 wouldn't rule out renouncing U.S. citizenship, according to a survey. Darla Mercado Americans abroad have just about had it with Uncle Sam's tax filing requirements. Those were the findings from...