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Archive for FATCA TRACKER

When Financial Transparency Becomes Personal Tyranny

One of the most commonly used (and abused) buzzwords in public life is “transparency.” Transparency is good. Everybody’s for it.

The problem is the different, even contradictory, meanings the word is given.

For example, transparency in government is when citizens can see what their rulers are up to. It’s a necessary check on abuses of power. That’s why the United States and many other countries have laws on freedom of information. Read more

Repeal FATCA Protest Hits Washington Wall Of Silence

Repeal FATCA campaigners have met a wall of silence from the corridors of power in Washington DC. Despite Republican promises to scrap the Foreign Account Tax Compliance Act on road to the presidential election, since Donald Trump has taken his seat in the Oval Office everything has gone quiet.

Repeal FATCA is a lobby group made up of 24 separate lobby groups with significant political clout in Washington. Read more

Tax Burdens Prompt More Americans To Ditch Citizenship

Americans abroad have just about had it with Uncle Sam’s tax filing requirements.

Those were the findings from a recent survey of more than 2,100 U.S. expatriates, according to Greenback Expat Tax Services, which specializes in working with American taxpayers residing overseas.

Just over 4 in 10 respondents said that while they aren’t planning to renounce their U.S. citizenship, they wouldn’t rule it out, and 19% said they’re seriously considering it. Read more

Why Is Nobody Listening To The Repeal FATCA Calls?

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 under the Repeal FATCA banner.

They want to abolish FATCA and have spoken with Republicans in Washington DC to support them.

But despite the Republicans listing the repeal of FATCA as one of their presidential election policies, no mention has been made of FATCA since President Trump has entered office. Read more

Nigel Green: ‘My Fight To Repeal FATCA’

The Foreign Account Tax Compliance Act was signed into law by President Obama in March, 2010; a few months later, the deVere Group announced that it would begin to formally start looking after American expatriate clients.

Here, Green discusses his opposition to FATCA and why it remains a priority, even at a time when other issues, including the changing landscape for UK pension transfers, are also demanding his attention.

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FATCA Repeal On Agenda Of U.S. Republicans

Source: Repeal FATCA.

Washington’s Foreign Accounts Tax Compliance Act, known as FATCA, will be assailed afresh as lawyers and lobbyists renew efforts to repeal the law as part of President Donald Trump’s tax reform.

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