FATCA: providing ugly acronyms for your reading displeasure
FATCA, itself an acronym,provides fertile grounds for many additional acronyms — for a world
apparently starved of esoteric lingo. One important FATCA-related
acronym is FFI — which stands for Foreign Financial Institution.
Yes, one could get bothered by the ego-centrism of the US tax code, i.e., a Costa Rican bank in San Jose is not actually foreign
to itself, but there is so much to dislike about the over-regulation of
the worldwide economy via FATCA, that one should really keep their
powder dry for other outrages. ¿no es correcta
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