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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