The Mayor of London and potential future Conservative leader/British Prime Minister, Boris Johnson has joined the army of voices against America's controversial global tax law, the Foreign Account Tax Compliance Act, or 'FATCA'. Speaking as part of a recent book tour on the Diane Rehm show, Mr Johnson was characteristically forthright in his views against FATCA. The Mayor of London and potential future Conservative leader/British Prime Minister, Boris Johnson has Read More
deVere Group recently carried out a survey following the introduction of FATCA (Foreign Account Tax Compliance Act), which reveals that 73 per cent of American expatriates are considering relinquishing their U.S. passports as a direct result of this highly controversial law – a law of which I have been a vocal opponent.
Our findings correlate with official data from the U.S. Government, which shows that since FATCA came into effect on 1st July, the number of Read More
Americans around the World are increasing concerned about FATCA it seems to me.
Banks are refusing Americans living abroad as clients, due to the onerous paperwork involved. Americans themselves wonder if there own Government, in an attempt stop a few people avoid tax, are actually damaging the American expat population as a whole. America needs its companies driving into the new markets to balance its books. Instead the US seems to be damaging the very people it needs with onerous legislation.
Over the last six months, we have received a 22 per cent Read More