Canada
Canada (Photo credit: palindrome6996)

A very compelling article about the impact of FATCA. Worth the read, especially if you are a US person living in Canada.

U.S. Persons Abroad - Members of a Unique Tax, Form and Penalty Club

Almost all people (“Homelander Elite Corp” members excepted)  agree that FATCA is bad.

To be specfiic:

Everybody understands that FATCA is damaging to U.S. persons abroad.

Some understand that FATCA will result in GATCA which will damage the economy of the Homeland.

Few understand how FATCA is damaging the economies of other sovereign nations.

I came across this interesting post at the Isaac Brock Society:

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