A recurring theme with FATCA is that Americans living in America simply don’t care about the problems the act creates for Americans living abroad. But maybe they should… Advertisements
The argument in favour of the US’s citizenship based tax system has long been that citizens benefit from having an American passport, even if they don’t live in the United States. But for many expats, FATCA is tipping the balance … Continue reading
I wrote the other day about an article in the New York Times that was critical of FATCA. One reader let me know that the article may have hinted at more going on…
The New York Times recently published an article denouncing FATCA and the burden it places on expats and foreign financial institutions.
While author Richard Rahn is making this a partisan issue by placing the blame squarely on Democrat shoulders and calling it an effort in “wealth redistribution,” he does write a refreshingly raw piece that does a good job of expressing … Continue reading
David Voreacos has written an article hailing the success of the IRS’s charges against banks like UBS (which has made it nearly impossible for expats living in Switzerland to find banks willing accept them as customers).
In interacting with US expats around the world, the single greatest complaint I hear coming from the UK is that their government is doing little to support them.