In February this year, the US and Canadian governments signed an intergovernmental agreement to co-operate on Fatca. The Foreign Accounts Taxation Compliance Act required all foreign banks to disclose the financial information of any American with assets over $50,000 sitting in banks outside of the US. 151 more words
https://twitter.com/USCitizenAbroad/status/521235922084323328 Yes, please do! I completely support this initiative. Welcome to a new blogger on FBAR, FATCA and the other ways that the U.S. violates the sovereignty of other countries through it's uniquely oppressive taxation practices. No wonder that the motto of Americans abroad is: Renounce and Rejoice!