U.S. Citizens in Canada InfoShop

2011 Nov 28 – Dunn

Peter W. Dunn
FATCA, a ticking time bomb for the economy
American Thinker (28 Nov 2011)


Foreign financial institutions “must either comply with the invasive regulations of FATCA or simply abandon the U.S. markets.” Costs and privacy concerns make compliance extremely difficult. US citizens abroad are responding by renouncing citizenship, eliminating all US investment, and avoiding travel to the United States. Capital flight could amount to an estimated $14 trillion.

Written by usxcanada

28 November 2011 at 6:00 am

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