Oh Great. Now There Is A FATCA Scam Too

Oh Great. Now There Is A FATCA Scam Too



You may detect a
certain tone in this article regarding the FATCA scam, indicating that
this writer believes FATCA was a huge mistake. That detection would be
correct. Yet, while we may snark at Commissioner Koskinen
— who has the potential to break the irony meter with this quote, from
above: “[p]eople should always be cautious about sending sensitive
information to anyone.” In fact, the entire FATCA misery lands squarely
at the feet of those who voted for it. The IRS did not create FATCA, and
in fact, the IRS has introduced and is responsible for exactly 0% of
all tax laws. The IRS should not be the scapegoat, but rather the 217 Democrats in the House of Representatives, the 55 Democrats, 11 Republicans(!) and 3 independents in the Senate, and the one President who ratified this terrible, terrible bill.