Cross posted from RenounceUScitizenship – updated from October 2011.
Hitching A Ride – Is A “Trojan Horse” Provision Legitimate?
@sencarllevin thinks extraneous legislative amendments should be bannedwashingtonpost.com/opinions/fight… How can he justify #FATCA wp.me/p1OvGl-18
— U.S. Citizen Abroad (@USCitizenAbroad) April 28, 2012
Cross posted from RenounceUScitizenship
By kicking the banks @sencarllevin triggers new world financial system – Goodbye U.S. – Hello Shanghai – #FATCA #FBAR isaacbrocksociety.com/2012/04/20/sen…
— U.S. Citizen Abroad (@USCitizenAbroad) April 20, 2012
Ever since the FATCA discussion started, I have always wondered:
Why would the rest of the world comply with FATCA? I read about compliance costs. I read about trying to cut deals with the IRS. What I don’t understand is why countries don’t take a much longer term view of this. Remember:
People always overestimate what they can do in one year and underestimate what they can do in ten years.
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