FATCA could send fund groups ‘back to the dark ages’

Liberty and justice for all United States persons abroad

The Isaac Brock Society

Posted on April 1, 2012 by Jefferson D. Tomas

Posted in Issues regarding US persons abroad 2 Comments

Here is another Financial Times article. As with double taxation, if every country implemented a law like FATCA it would destroy the world economy by wreaking havoc on financial markets as everyone tries to repatriate their investments to their country of residence.

http://www.ftadviser.com/2012/03/30/investments/north-america/fatca-could-send-fund-groups-back-to-the-dark-ages-ygyuT5F40rpxXWfBdhwI5L/article.html

We cannot allow the US to do the unthinkable on the grounds of so-called “American Exceptionalism”.