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...
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...
SOURCECampaign to Repeal FATCA
On April 26, Rep. Mark Meadows chaired a hearing of the House Subcommittee on Government Oversight examining the destructive impact of FATCA. Rep. Meadows is sponsor of the House FATCA repeal bill (H.R. 2054); the companion Senate bill (S....
SOURCECenter for Freedom and Prosperity
(Washington, D.C., Tuesday, March 21, 2017) A coalition of 23 taxpayer protection and grassroots organizations sent a letter today urging Congressional leadership to include repeal of the Foreign Account Tax Compliance Act (FATCA) as part of comprehensive tax reform....
SOURCEiExpats
Congress may finally pull the plug on the controversial Foreign Account Tax Compliance Act (FATCA) tax law. Anti-FATCA campaigners Rep Mark Meadows and Sen Rand Paul are about to file a bill calling for the repeal of FATCA. Lawmakers have already...
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,...
SOURCEAmerican Thinker
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,...
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...
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...
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’...

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