Interesting: @SenMikeLee and Lawyer Jim Bopp to storm Europe to rally opposition to U.S. #FATCA tax law http://t.co/AiqwGQvrr9 –
— U.S. Citizen Abroad (@USCitizenAbroad) September 24, 2014
This article appeared in the Washington Times and commenting is open. It’s an opportunity to discuss those “tax cheat” Americans abroad with those enlightened homelanders.
The article includes:
The two men’s target will be the Foreign Account Tax Compliance Act, approved by a Democrat-controlled Congress in 2010. Critics say it is invading banking privacy and treating all Americans abroad as tax evaders until they can prove otherwise.
The law has been blamed for hundreds of Americans renouncing their U.S. citizenship.
“This is another example of dysfunctional government policy that is hurting middle-class Americans, treating them unfairly and ultimately doing much more harm than good,” Mr. Lee told The Times. “It shows the need for significant tax reform that removes — not strengthens — the barriers standing in the way of each American’s unique
pursuit of happiness.”
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