Congressman Calls for FATCA Moratorium

Congressman Calls for FATCA Moratorium

There are 4 comments on the WebCPA story from Jul 5, 2013, titled Congressman Calls for FATCA Moratorium. In it, WebCPA reports that:

Rep. Bill Posey, R-Fla., has written a letter to Treasury Secretary Jack Lew questioning regulations that would require U.S. banks and credit unions to collect and report information on nonresident aliens, urging him to cease enforcement of the Foreign Accounting Tax Compliance Act, or FATCA, and stop negotiating intergovernmental agreements with ... (more)

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Offshore Services

Panama, Panama

#1 Aug 1, 2013
Offshore Forex Services, accounts, IB and White Labels. Privacy
Enforce FARA

Sarasota, FL

#2 Oct 17, 2013
bILL pOSEY , Ted Panzi Cruz , Rand Paul, Jim Inhofe, Dick Gephardt and the AIPAC fifth column should register as foreign agents of the kosher nostra...........see WHITEY BULGER , STANLEY CONE AND THE ZIO-COUP OF NOVEMBER, 1963 by Jack Ruby , Mascari , MARK CIAVARELLA and Rudy Giuliani Musolini..........see SUPERMOB by Gus Russo and Bernie Kerik Madoff.
No Fatca

Laguna Beach, CA

#3 Nov 4, 2013
This Fatca law will weaken USA and its influence as "US Person" will give up USA and foreign business will not want to work with US person as the paper works are just too much. China will win !

Jinan, China

#4 Dec 4, 2013
Okay, real-world example. I'm US citizen myself, living and making business currently in Cologne, Germany. For two years of my absence I indeed have not once failed with my taxes in US, as here, in Germany, I as well have properly to pay considerable taxes-and-duties. Know what FATCA makes me now to think about? I've never even a thought that will one day say it but I'm seriously thinking about how to get rid of US citizenship as it is going seriously to cost. The funniest thing here is that if not long time ago to lose American citizenship one was just to lose his American passport then since they had started working on FATCA it has become not easy to lose it even applying for it officially. FATCA initially been developed to unveil American 'tourists' like me. Real hunt been practically opened for American expatriates, making money outside the US borders. Me and hundreds of American expatriates like me are now in situation when our 'irreversible' citizenship is going to make us paying predatory taxes to Washington for nothing. FATCA will turn US citizenship into a real damnation!

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