SOURCEThe Hill
By Naomi Jagoda Rep. Mark Meadows (R-N.C.) and Sen. Rand Paul (R-Ky.) offered legislation Thursday to repeal an Obama-era offshore tax law. The bill would do away with provisions of the Foreign Account Tax Compliance Act (FATCA), which requires foreign financial...
SOURCEThe New American
Written by TNA Video The Foreign Account Tax Compliance (FATCA) been called the "worst tax law you never heard of," and for good reason, explains The New American's Foreign Correspondent Alex Newman. Snuck into a Democrat "jobs" bill and signed...
SOURCEPR Newswire
Nigel Green: The Foreign Account Tax Compliance Act "has only rolled on because of legally unauthorized 'intergovernmental agreements,'" so cancelling them would "doom this terrible, toxic law." WASHINGTON, April 5, 2017 /PRNewswire-USNewswire/ -- Nigel Green, CEO of deVere Group and...
SOURCEThe Hill
By James George Jatras, opinion contributor On Wednesday, the House Subcommittee on Government Operations of the Committee on Oversight and Government Reform will hold a hearing on the unintended consequences of the Foreign Account Tax Compliance Act, or FATCA. Featuring witnesses...
The Foreign Account Tax Compliance Act (FATCA) imposed a worldwide financial disclosure information regime on every financial institution in the world, it is an international nightmare. There are several major problems with FATCA which are widely discussed and debated. FATCA was...
In this video Claudine and Anthony examine key testimony of Professor Elise Bean, the claimed architect of FATCA and the witness for House Democrats who are fighting for a full repeal of this disastrous law. IRSMedic, the Law Offices of...
SOURCEThe Heartland Institute
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...
VIAKluwer International Tax Blog
William Byrnes (Texas A&M University Law) I was recently asked to analyze the often quoted figure of $150 billion lost by the U.S. Treasury to foreign non-tax compliance by U.S. taxpayers.  My transcribed remarks are below.  Also, see William Byrnes’...
SOURCEiExpats
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...
SOURCENewsmax
By Mark Cohen On April 26, the House Ways and Means Committee will hold a hearing on legislation to repeal FATCA. While not widely known in the United States, this legislation places an unprecedented burden on Americans living abroad by...

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