foreign account tax compliance act

Thousands Renounce U.S. Citizenship Hitting New Record, Not Just Over Taxes http://www.forbes.com/sites/robertwood/2015/02/11/thousands-renounce-u-s-citizenship-hitting-new-record-not-just-over-taxes/2/

FATCA: “The Worst Law Nobody Has Ever Heard Of,” Part II Slicing through the smoke and mirrors on the disturbing issues surrounding the US’s FATCA law. http://www.internationalman.com/articles/fatca-the-worst-law-nobody-has-ever-heard-of-part-ii

FATCA: “The Worst Law Nobody Has Ever Heard Of” "That so few people understand FATCA is perhaps not surprising. Often, otherwise offensive government actions are given opaque names to obfuscate their true purpose." I believe Rand Paul is about the only politician standing up to this lunacy...

http://armstrongeconomics.com/2014/12/01/usa-is-it-time-to-turn-off-the-lights/

More at link:http://reason.com/blog/2014/09/12/welcome-to-berlin-yankee-hope-you-brough I know we have some expats here and others who are planning such a move.Has FATCA affected your life or your plans?

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FATCA is Part of Obama’s Executive Overreach FATCA is Part of Obama’s Executive Overreach Creating an NSA-style financial information dragnet. http://www.internationalman.com/latest-news/fatca-is-part-of-obamas-executive-overreach

read more: http://www.zerohedge.com/news/2014-06-17/another-exponential-chart-americans-who-renounce-their-citizenship

FATCA “Currency Controls” Coming To America On July 1 http://www.investorsinsight.com/blogs/forecasts_trends/archive/2014/05/06/are-currency-controls-coming-to-america-on-july-1.aspx :eek:

Rand is the only politician I have ever heard speak out against this horrible law... "FATCA isn’t about stopping tax evasion or collecting revenue, as the numbers clearly show. It’s all about setting up the architecture to the ultimate goal of establishing a global tax as envisioned by Piketty...

CONgress is upset and is attempting to force it to remain here in "the land of the free." (FACTA is even worse for American businesses, especially smalls, but they don't care about them.) http://www.zerohedge.com/news/2014-05-13/congress-vows-keep-erectile-dysfunction-america...

Good info... "You may have wondered: “What’s the difference between having a bank account at Bank of America and having an offshore bank account?” The truth is, there’s possibly all the difference in the world." http://www.internationalman.com/articles/offshore-banking

FATCA, otherwise known as the "worst law Americans have never heard of" combined with the NSA truly equals financial totalitarianism. http://www.internationalman.com/articles/the-real-reason-governments-are-killing-financial-privacy#.UwDZefldU1Z

Interesting story... Dual American-Canadian citizens are finding themselves in a serious bind due to FATCA, which has been dubbed “the worst law that Americans have never heard of.” http://www.internationalman.com/articles/this-could-destroy-the-lives-of-millions

http://finance.yahoo.com/news/canada-bank-account-information-irs-203020625.html

"Financial privacy and banking secrecy flies in the face of the collectivist ideal and measures like FATCA. It should be enshrined in the Constitution." http://www.internationalman.com/78-global-perspectives/1076-privacy-versus-secrecy

RNC to join Rand Paul’s fight to protect privacy of Americans overseas read more: http://www.washingtontimes.com/news/2014/jan/15/rnc-join-rand-pauls-fight-protect-privacy-american/?page=all#pagebreak

Which countries have no tax on savings accounts? i'm researching Balliwick of Jersey, Andorra, and some others. Anyone have any recommendations?

A new IRS tax regime in 2014 will be devastating for the U.S. economy, and for millions of Americans working abroad, especially those in the middle class. New U.S. Tax Regime is "Devastating," Experts Say The New American 30 December 2013 Already facing “pariah” status worldwide due to...

What is the worst law that most Americans have never even heard of? There are plenty to be sure. So many mundane activities are now criminalized that the average American unknowingly commits three felonies a day. But in this case, I am referring to FATCA, which most Americans have never heard...