Image via nwsm.com Many Americans have voiced contempt for FATCA---the Foreign Account Tax Compliance Act. So have international and foreign banking institutions. See FATCA Carries Fat Price Tag.

FATCA generally applies to calendar 2011 and thereafter, so your due date is April 15, 2012. Bigger Controversy . A more controversial part of FATCA is the burden placed on foreign banks.

Politics. FATCA Victim, on Renouncing Citizenship: 'It was a gut wrenching experience that I do not think I will ever be over' Heckuva job, Chuck Schumer et al ...

To keep better track of the flow of assets owned by U.S. citizens, Fatca requires bankers in other countries to send the IRS information about transactions by any of their customers who are Americans.

Rich Chinese, watch out. The growing reach of U.S. tax authorities could get you in trouble at home. A new U.S. tax rule known as Fatca, the Foreign Account Tax Compliance Act, is going into ...

FATCA was enacted in the US in 2010 in an effort to combat tax evasion by US persons holding investments in offshore accounts. By LEON HARRIS MARCH 26, 2014 03:57 ...

FATCA’s purpose is to ensure that not a centime or rouble that a “US person” has stashed away goes undetected by the IRS. In a piece of extraterritoriality stunning even by Washington’s ...

The Republican National Committee approved a resolution on Friday that called for the repeal of a law aimed at U.S. tax evaders. The party adopted a resolution to repeal the Foreign Account Tax ...