Nigel Green, CEO of deVere Group, sounds another forceful warning about FATCA while confirming his support for the efforts of both Jim Bopp and our own ADCS.
History will ultimately teach us that America’s far-reaching new global tax law, FATCA, which came into effect Tuesday, is a “hammer blow for the U.S. economy”, warns the founder and chief executive of one of the world’s largest independent financial advisory organizations.
The stark warning from Nigel Green of deVere Group, which has $10bn under advice and management, is in response to the Foreign Account Tax Compliance Act (FATCA), better known as ‘FATCA’, which was implemented by Washington yesterday.
“As such, I will continue to voice my calls for this damaging tax act – which cannot possibly effectively achieve its purported aims of combatting tax evasion – to be definitively repealed.
“I will also continue to champion the legal and constitutional challenges being prepared by the likes of American super-lawyer Jim Bopp Jr. and the Alliance for the Defence of Canadian Sovereignty.”