US grassroots coalition calls for end to FATCA

The group has written to Congress urging action as part of the new administration’s planned comprehensive tax reform. The letter makes five points, the first of which is that FATCA is not proving effective at catching ‘wealthy tax cheats’.

It goes on to claim the legislation ‘ensnares innocent Americans with excessive reporting requirements and draconian penalties for the slightest oversights’, and

FULL ARTICLE https://www.cchdaily.co.uk/us-grassroots-coalition-calls-end-fatca

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