“Some of the reporting requirements defy any level of reasonable logic. A US citizen, stay-at-home mother for instance, who likely has no income and is signed onto her non-US citizen husband’s accounts, is required to report HIS bank account numbers, balances and so on. I doubt any US Homelander would be willing to do the same if living in the US, married to a foreigner with a government who demanded the same, or else be prepared to lose a considerable portion of savings, retirement plans, etc. Now FATCA promises to be even more punishing.”
http://isaacbrocksociety.ca/2012/12/13/why-people-renounce-us-citizenship-a-most-noble-perspective/
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