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...
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...
SOURCEiExpats
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...
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...
SOURCEAmericans for Tax Reform
After more than 30 years, comprehensive, pro-growth tax reform may finally be signed into law in 2017. This is an opportunity to cut taxes for American families and businesses across the board, enact an internationally competitive system for businesses,...
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...
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...
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...
SOURCECayman Compass
It is not an overstatement to suggest that while people generally support populism, their governments often support globalism. Being lighthearted (but only for a moment) the world saw the contrast vividly on stage at the White House Friday when Ms....
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...

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