A US-enacted law that is to go into force in July appears set to have a major impact on the global financial sector as well as potentially usher in a new era of tax sharing initiatives. China, so far,...
It’s finally here: D-Day – or maybe F-Day – when the anticipated FATCA train wreck starts for real. Rather than sum up all the implications at home and abroad as the FATCA Death Star becomes fully operational, RepealFATCA.com directs readers...
NOTE: A version of the following commentary appeared in Forbes magazine online on April 14, 2014. Markets everywhere breathed a sigh of relief in February when the GOP-controlled House of Representatives allowed the debt ceiling to be suspended without another...
Treasury (Inadvertently) Admits FATCA is a ‘Fishing Expedition’! Lack of ‘Reciprocity’ Fatally Undermines Both FATCA and OECD ‘Information Exchange’ Rob Portman: Big Pickup in Senate for Repealing FATCA. Canadians Fight Back This RepealFATCA.com bulletin rounds up some important news and commentary from around...
As part of a fiendish effort known as FATCA supposedly aimed at extracting an extra billion or so dollars from U.S. taxpayers each year, the Obama administration is bypassing Congress to impose a far-reaching new tax regime on the...
NOTE: The following commentary appeared in the Toronto Star online on March 3, 2014, and in the print edition on March 4, 2014. Below is the text as submitted, including source links that do not appear in the published...
In a follow-up from the adoption by the Republican National Committee (RNC) of a  resolution to repeal FATCA (the “Foreign Account Tax Compliance Act”) proposed by Republicans Overseas (RO), a new “Abolish FATCA” link ( http://abolishfatca.com/live/) has now been...
Today the Republican National Committee adopted a resolution proposed by Republicans Overseas, an advocacy group for an estimated 7.6 million Americans who live and reside abroad, to repeal the “Foreign Account Tax Compliance Act” (FATCA).  Enacted by an all...
IRS Taxpayer Advocate, Canadian Media Blitz, RNC and Rand Paul, and the U.S. Chamber! As noted previously, one of the key advantages of proponents of the Foreign Account Tax Compliance Act (“FATCA”) have had going for them is that almost...
Interview with James George Jatras*, J.D., Washington D.C. ef. In the US, too, monster-tax law FATCA increasingly arouses opposition. There is a storm brewing: Six US bankers associations have filed suits against the Internal Revenue Service (IRS). China, Russia and...

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