Note: Updated June 12/15 – Now includes Part 2 – Vatican II
Part 1 – Initial impressions
US joins forces with Holy See in fighting tax fraud http://t.co/GS8GS47it3 – @CNALive clearly delusional – Vatican assists US extortion!
— U.S. Citizen Abroad (@USCitizenAbroad) June 11, 2015
This extreme distortion of reality leads to one of two conclusions:
1. The Vatican clearly does NOT understand what FATCA is actually about.
2. The Vatican has moral standards that are equivalent to those of the Obama administration.
Regardless of what you think of the Vatican, it’s unlikely that any person or country could have standards of morality that are equivalent to those demonstrated by the U.S. Government.
Therefore, we must assume that the Vatican signed the agreement out of ignorance. This also provides an opportunity to provide education, where it is sorely needed. I suggest that a Americans abroad should create a “coalition of the willing” to provide the appropriate education. All you need do is read this extraordinary news release from @CNALive and you will see what I mean.