Foreign Account Tax Compliance Act will COST more money than it recovers, warns CEO of deVere Group and Co …

Citing research from William Byrnes, a law professor at Texas AM, Mr. Green debunks the IRS claim that it has helped to collect $10 billion since 2009 from “taxpayers coming back into compliance.”  In his report Byrnes, as Mr. Green notes, believes FATCA’s net recovery could be as low as $100 million and the

FULL ARTICLE http://www.prnewswire.com/news-releases/foreign-account-tax-compliance-act-will-cost-more-money-than-it-recovers-warns-ceo-of-devere-group-and-co-founder-of-the-campaign-to-repeal-fatca-300434434.html

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