Tuesday , 27 February 2024

Tag Archives: FACTA

Americans Abroad: The Ugly Facts of FACTA

In 2011, the IRS introduced the Foreign Account Compliance Act, or FACTA to “minimize tax cheats” but in doing so FACTA is making banking - and life in general- painfully difficult for millions of American expats. The affects of FACTA are illustrated in the following infographic.

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