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,...
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...
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...
SOURCENewsmax
By F Mcguire 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 ongoing damage” caused by the Foreign Account Tax Compliance...
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...
SOURCENewsmax
More than 1.5 million U.S. citizens living in East Asia are now facing a “gut-wrenching decision” of renouncing their U.S. citizenship due to the Foreign Account Tax Compliance Act (FATCA), America’s highly controversial global tax law, a new survey...
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
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...
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...
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...

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