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It’s Official: No American Reciprocity
Good news for ex-American pats around the world.
http://maplesandbox.ca/2013/its-official-no-american-reciprocity/
ust in time for US Independence Day, there is a a major blow for IGAs and perhaps for FATCA itself.
James Jatras at repealfatca.com is reporting It’s Official: There Will Be No American Reciprocity
In a letter to U.S. Treasury Secretary Jack Lew, Congressman Bill Posey (R-Florida 8th), a key member of the House Financial Services Committee, has turned thumbs down on Treasury’s public claims that the U.S. will impose on American domestic financial institutions the “equivalent” of FATCA’s ruinous reporting requirements on foreign financial institutions (FFIs). It’s now clear that is not going to happen
and
.http://isaacbrocksociety.ca/2013/07/03/breaking-news-for-your-4th-of-july-celebrations/comment-page-1/#comment-418595
James Jatras at repealfatca.com is reporting It’s Official: There Will Be No American Reciprocity
In a letter to U.S. Treasury Secretary Jack Lew, Congressman Bill Posey (R-Florida 8th), a key member of the House Financial Services Committee, has turned thumbs down on Treasury’s public claims that the U.S. will impose on American domestic financial institutions the “equivalent” of FATCA’s ruinous reporting requirements on foreign financial institutions (FFIs). It’s now clear that is not going to happen
and
.http://isaacbrocksociety.ca/2013/07/03/breaking-news-for-your-4th-of-july-celebrations/comment-page-1/#comment-418595
Do they really see that FATCA is not the panacea — at great cost all round, that it would not rope in the true tax evaders, just the small minnows — and more US collateral damage?
