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...
SOURCEiExpats
By Lisa Smith Repeal FATCA campaigners have met a wall of silence from the corridors of power in Washington DC. Despite Republican promises to scrap the Foreign Account Tax Compliance Act on road to the presidential election, since Donald Trump has...
SOURCEThe Hill
BY NIGEL GREEN August 2, 2017 One of the most commonly used (and abused) buzzwords in public life is “transparency.” Transparency is good. Everybody’s for it. The problem is the different, even contradictory, meanings the word is given. “It is...
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,...

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...
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...
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...
SOURCEiExpats
Campaigners lobbying for the repeal of FATCA in the USA are demanding to know why President Donald Trump and Republicans in Washington are ignoring their call to axe the controversial tax law. Around 24 separate lobby groups have come together...
SOURCENewsmax
By Nigel Green President Donald Trump was ushered into power partly on the promises of tax cuts and reforms. The pledges that were made in this regard were crowd pleasers and vote winners. But the highly anticipated tax program appears to...
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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