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...
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...
SOURCECBS News
By Jonathan Berr How upset are some Americans about how the IRS deals with expats? More than 3,000 of them living overseas renounced their U.S. citizenship in the first two quarters of 2017, already ahead of the 2,999 who cut...
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’...
This week the Senate version of the tax reform bill will come to the Senate floor. The Campaign to Repeal FATCA has learned that Senator Rand Paul (R-Kentucky) plans to offer as a floor amendment his bill S. 869...
SOURCEThe Hill
By Nigel Green When the Republican-controlled Congress moves forward with drafting comprehensive tax reform legislation to put on President Donald Trump’s desk, one item ought to be high on the list of provisions but probably isn’t yet — repealing the...
SOURCEFeet to the Fire Radio
FATCA. it has been called, "The Worst Law Nobody Has Ever Heard Of." The Foreign Account Tax Compliance Act (FATCA), which was passed as part of the HIRE Act, generally requires that foreign financial Institutions and certain other non-financial foreign...
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...
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...
SOURCECampaign to Repeal FATCA
I assume this sentence should read: ‘The United States will move AWAY from its present “worldwide” tax system—where Uncle Sam insists on the ability to tax American companies and individuals, regardless of where they work or are located.’ It’s significant...

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