How New US Banking Laws Threaten Overseas Americans
A recent article in the Wall Street Journal headlined "Toxic Citizens?" examined the potential dangers of recent US legislation for overseas Americans who want to open or even maintain bank and financial accounts in their countries of residence. US citizens living and working abroad were becoming "financial refugees," the story said. The article also pointed out the possible repercussions this legislation could have on foreign investment in the US. For the full text of the article, go to:
For the full text of the article, go to http://online.wsj.com/article/SB10001424052748704002104575290451594973266.html?mod=WSJEUROPE_hpp_RIGHTTopCarousel_2#articleTabs%3Darticle=
FATCA in the News
- Four Ways to Get FATCAed
- FATCA Losing Its Way
- Overseas Americans: Time to Say 'Bye' to Uncle Sam?
- From 'The Hill': FATCA, a Simple Premise Gone Terribly Wrong', co-authored by AARO Board Member Victoria Ferrauge
- How to Lose Friends, Citizens and Influence (July 18)
- Letter from Congressman Bill Posey to Treasury Secretary Lew, questioning the feasibility of FATCA implementation
- Reed-Schumer Amendment on "Ex-Citizen Tax Dodgers"