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...
SOURCECNBC
Some 9 million Americans reside abroad. More than 4 in 10 wouldn't rule out renouncing U.S. citizenship, according to a survey. Darla Mercado Americans abroad have just about had it with Uncle Sam's tax filing requirements. Those were the findings from...
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...
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...
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...
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....
SOURCELive Trading News
By Paul Ebeling Prominent US Lawmakers Urge President Trump to Repeal FATCA Rep. Mark Meadows and Sen. Rand Paul have sent a letter to Treasury Secretary Steven Mnuchin and OMB Director Mick Mulvaney urging President Trump take action to “mitigate the...
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 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...
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...

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