General Discussion
In reply to the discussion: Warning! USA invading Canada and other countries. be aware if you are an US person living abroad. [View all]riverbendviewgal
(4,396 posts)you have to buy it ...it is just $3. on Amazon.
But you will understand. It took me about an hour to read it.
http://www.amazon.ca/FATCA-New-Birth-American-Empire-ebook/dp/B00GVFLO3U/
excerpt:
FATCA, the Foreign Account Tax Compliance Act, is a lot more important than you think it is. The IRS website says that it targets tax non-compliance by U.S. taxpayers with foreign accounts and that it does so through reporting by taxpayers and foreign financial institutions. It certainly does that, but it also does a lot more. FATCA causes problems for everybody. No matter how politely it is worded, it is an attempt to force everyone in the world to obey American laws. It seeks to use foreign businesses as a tool to force compliance with the will of the United States Internal Revenue Service based in Washington, DC.
FATCA is a terrible law, and it should be repealed. This essay is an attempt to explain it and why it represents a new era. It also shows that FATCA is imperialist, racist, and protectionist. It has the potential to irreparably harm the international perception of the United States in ways that will make Iraq and the NSA scandals look tame. If it is implemented in 2014 and 2015, it may even tip the world economy back into recession. FATCA also represents yet another step away from the principles of autonomy and representative government that initially made the United States great. This essay makes a persuasive case for the repeal of the law.