FATCA: A Simple Premise Gone Terribly Wrong

Here is FATCA:  A “Simple Premise” Gone Terribly Wrong

This was coauthored by Lynne Swanson (aka Blaze) in London, Canada and the hillVictoria Ferauge (aka Victoria) in Versailles France and was published today in The Hill Congress blog.

In the article, we ask

President Obama and members of Congress, how did the “simple premise” of “cracking down on illegal tax evasion and closing loopholes” become an attack on financial lives and personal integrity of millions of people living outside United States, their banks and laws and constitutions of their countries of residence?

Is this how “common sense measures” will “restore fairness and balance in the tax code?”

In reporting on how complex, costly and convoluted FATCA has become Victoria and I also ask:
Mr. President and Members of Congress, is this what you intended?