Just Me is a phenomenal source of information on Twitter (where he is known at @FATCA_Fallout). In fact, in Best Links For Citizenship-Based Taxation/Renunciation/FUBAR on Victoria’s blog, she says this about Just Me:
One person can make a difference, especially when that person has the persistence of a pit bull.
I’m glad the pit bull is growling on our side.
Today, on Twitter, Just Me posted a link to Treasury Response on Reciprocity (editor’s note: this link requires a lexis nexis account) from Tax Times. Just Me tweeted:
Treasury doesn’t understand why reciprocity of FATCA is not the same for foreign Residents vs US Expats.
I don’t usually disagree with Just Me, but I do on this–a bit. I think Treasury understands quite well the difference. They just think United States of Arrogance has right to more invasive information than other countries.
Just Me also posted a link to an article from Global Connections on how FATCA May Harm Expats or US Exports.
The U.S. Internal Revenue Service’s determination to implement dizzying new rules to trace foreign bank accounts held but not declared by American citizens could have a profoundly chilling effect on American businesses looking to expand beyond the borders, experts say.
Is anyone listening? The fact FATCA is not even mentioned on the campaign trail or in debates gives us the answer to that question.