“Proponents of the law, including President Obama, praise it as an important tool to help ferret out wealthy tax cheats in America and abroad suspected of hiding millions or even billions of dollars in offshore accounts. But it has also wreaked havoc on many upstanding Americans who have settled overseas for reasons of love, work or adventure, and who now say they are having trouble buying a home, paying for their kids’ education or planning for a comfortable retirement. Because of FATCA, some overseas banks are refusing to take on American customers, declaring themselves unwilling or financially unable to report information to the IRS, the tax agency of a foreign nation.”
http://www.latimes.com/world/la-fg-us-citizens-abroad-20131014,0,7445958,full.story
Tip Freedomwat.ch Staff with Bitcoin