Many of Isaac Brock readers will be familiar with William McGurn from the WSJ who has written on U.S. Expat issues. This one back in January really caught my attention, as it was one of the few from a journalist who understood the Expat plight. He has also written What is the U.S. Citzenship Worth and there was an associated video here.
Bill is now seeking testimonials on real life FATCA impacts that can be part of a story he is working on to help educate Americans. His email is: WMcGurn@newscorp.com Read more on what he is specifically looking for below before you email him. Thank you.
FATCA has yet to hit too – and no one in the U.S. knows about it. It is being sold the same way as the rest of the Obama agenda: as a way to make people he deems fat cats pay their fair share. The problem is the unintended consequence: by punishing expats and foreigners here, he’s going to kill jobs for Americans. So it’s highly ironic this is part of a “jobs bill.”
I have only 800 words to write about something most Americans still do not know about, and even if they’ve heard about it, cant imagine it will impact them. I can’t go back to 1976 changes, and all those documents from, say, President’s export council, date from 1979-81. That’s not really of good use now. Maybe there’s nothing new that exists. But you go back that far, China wasn’t even part of the global economy.
It would be nice, if any of you know of it, to have a story about someone overseas who is going to be hit by this, and how that might impact an American company and jobs back here. I know it’s rarely that simple. Or an American who was not taken on in a business venture because he’s American and his partners didn’t want the hassle of these reports. Or maybe someone who will be replaced by a non-American – and how the company will no longer be buying American.
It also seems to me important to emphasize that what’s being asked of expats is MORE than what’s being asked of U.S. citizens here. Looking for testimonials from Americans who are being harmed. The point I’m trying to drive home is that Americans here have a stake in seeing Americans abroad succeed.