Yet More Trouble for FATCA: China and Germany
James George Jatras for RepealFATCA.com
February 22, 2013
Washington, DC
FATCA: the “Fear And Total Confusion Act”
As noted earlier, FATCA (the Foreign Account Tax Compliance Act) is unenforceable and unviable unless virtually all countries in the world – or at least all the major financial centers – sign on. That is looking less and less likely, spelling big trouble for a law that one of America’s top tax lawyers has correctly described as “sheer idiocy.”
