An ‘urgent call to arms’ to have FATCA, dangerous personal data reporting law, scrapped

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An ‘urgent call to arms’ to have FATCA, dangerous personal data reporting law, scrapped
FATCA

The CEO of one of the world’s largest independent financial services organizations has today launched an “urgent call to arms” for the Trump administration scrap the Foreign Account Tax Compliance Act (FATCA).

Due to new development, Nigel Green, founder and chief executive of deVere Group, and Jim Jatras, his co-leader of the Campaign to Repeal FATCA, are asking U.S. citizens to immediately to contact their senators to demand that they back a new, high-profile move to have this controversial personal data reporting law abandoned.

Mr Green comments: “This week the Senate version of the tax reform bill will come to the Senate floor. The Campaign to Repeal FATCA has learned that Senator Rand Paul (R-Kentucky) plans to offer as a floor amendment his bill S. 869 to repeal the so-called “Foreign Account Tax Compliance Act (FATCA).

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“The Campaign to Repeal FATCA is asking everyone immediately to contact your Senators with this simple message: ‘Support the Paul Amendment to Repeal FATCA!’

“Given the partisan divide in the Senate, it is especially important to contact Republican Senators. If your state has one from each party, contact the Republican first!”

The Campaign has issued a suggested draft message you can use via the email contact.

Dear Senator [Name]:

As your constituent, I strongly urge you to support the floor amendment to be offered by Senator Rand Paul to repeal the so-called Foreign Account Tax Compliance Act, or FATCA. Despite the claims of its sponsors when it was passed in 2010, FA