FATCA: The Effects on Americans Overseas

“At some point, people will either stop going overseas or renounce their U.S. citizenship – which has been a growing trend in the last few years.”

FATCA — The Effects on Americans Overseas

This is an interesting article in a magazine called biz.hk; a monthly journal offering business news and special features to the American and international community in Hong Kong. Michael DeSombre, Worldwide President of Republicans Overseas and resident of Hong Kong for 17 year, explains some of the issues Americans abroad are facing as well as the concerns about the constitutionality of the law. In the U.S., there is a two-pronged approach to dismantle it; firstly, the legal challenged led by Jim Bopp and a commitment by the Republicans to deal with it in the legislature. Mr. DeSombre does emphasize this should be a bi-partisan issue; “We truly believe supporting the effort to make a change is good for everybody.”

The author Kenny Lau,  joined AmCham in March 2007, as Editorial and Listing Sales Assistant; he is responsible for producing articles for the monthly biz.hk .

 

 

 

 

 

 

 

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About

CDN citizen, Secretary-Treasurer of Alliance for the Defence of Canadian Sovereignty. Focus on challenging those in the government and compliance industry to do more than rubber-stamp the IGA. Also focus on providing information to CDN "US Persons" to empower them to make their own decisions.

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One comment on “FATCA: The Effects on Americans Overseas
  1. bubblebustin says:

    This is a fantastic article, even better that the respected American Chamber of Commerce chose to publish it.

    Trish,

    You may or may not have noticed the editorial “The Dilemma of Americans Under FATCA” on their pages 4 & 5 in the same AmCham publication. ACA is quoted.

    http://www.amcham.org.hk/images/magazine/nov14/files/mobile/index.html#7

    Like

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