March 20th, 2014:
This RepealFATCA.com bulletin rounds up some important news and commentary from around the world on the looming July 1, 2014, “train wreck” of the “Foreign Account Tax Compliance Act” (FATCA). The headlines:1. Even Tax Compliance Experts Decry Looming “Train Wreck,” Impossibility of Meeting IRS’s Requirements.2. Treasury (Inadvertently) Admits FATCA is a “Fishing Expedition.”3. Lack of “Reciprocity” Fatally Undermines Both FATCA and OECD “Information Exchange.”4. Rob Portman (Ohio): Big Pickup in Senate for Repealing FATCA.5. Canadians Fight Back.