05.07.2013 - 10:55 [ Repeal FATCA ]

It’s Official: There Will Be No American FATCA ‘Reciprocity’

Treasury is making promises to foreign governments it can’t keep. (..)
“I have shared my concerns with my fellow members of the House Financial Services Committee,” writes Congressman Posey. “Given the evidence above, it is difficult to conceive of any circumstance that would justify imposing such an expensive and counterproductive domestic mandate.”