Outrage Builds As More Realize FATCA's Negative Impact on Foreign Investment In USA Economy: How Much Will FATCA Hurt South Florida's Attempt to Recover?

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1/4/2012

Rosa Eckstein Schechter Contact

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It would appear that the outcry of American expatriates may have opened the eyes of the national media to the detrimental impact of the Foreign Account Tax Compliance Act ("FATCA") upon the U.S. economy. (For details on FATCA and what it means to South Florida, please review the earlier posts in our series.)

Expat Outcry May Have Spurred Media Coverage of FATCA

Consider the Atlantic's growing coverage of the FATCA mess by correspondent James Fallows. Fallows has a grip on FATCA's power to harm the American economy - and Americans - but he's spent much of his time considering how the Act impacts expatriates. Taxpayers...

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Published In: Finance & Banking Updates, International Law & Trade Updates, Tax Law Updates

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.