If you are opposed to FATCA consider signing this abolish-FATCA petition from Republicans Overseas which will be submitted to U.S. Congress.
You have to be a U.S. citizen, Green Card holder, or a FORMER U.S. Citizen. Your name and address has to be provided, but if you choose, only your initials and country will be published. If you worry about disclosure for any reason consider carefully whether you want to sign this petition.
You can fill out online at: https://www.abolishfatca.com/live/
This petition is associated with a resolution by the Republican National Committee to abolish FATCA and is aimed at providing pressure on each Senator and Congressperson to vote to repeal FATCA. In future, the same approach will be used to kill U.S. citizenship-based taxation. See:
https://www.facebook.com/republicansoverseas
You might or might not like the Republican Party, but I am a single issue U.S. citizen and voter and will sign off also on the same anti-FATCA petition that the Democratic party provides, should this happen. You do not have to be a Republican to sign and you can submit from any country, including the U.S. (you can be a homelander).
The Petition begins with:
PETITION TO CONGRESS OF THE UNITED STATES TO ABOLISH THE FOREIGN ACCOUNT TAX COMPLIANCE ACT (FATCA)
Honorable Senators and Representatives of the United States Congress,
I am writing in support of abolishing the Foreign Account Tax Compliance Act (FATCA). FATCA has negatively impacted 7.6 million U.S. citizens living abroad.
First, it violates U.S. Citizens’ right to privacy by requiring foreign banks to disclose U.S. citizens’ account names, taxpayer identification numbers, addresses, and their account balances, deposits, and withdrawals to the IRS…
The Petition ends with:
…The IRS Taxpayer Advocate Service (TAS) 2013 Annual Report to Congress admits that FATCA’s most serious problems are its reporting requirements and violating taxpayer rights. TAS Report #23 on page 43 is titled The Foreign Account Tax Compliance Act Has the Potential to be Burdensome, Overly Broad, and Detrimental to Taxpayer Rights.
I agree. I believe that FATCA is morally reprehensible and detrimental to overseas Americans’ basic human rights. America, as a shining city upon the hill, must not impose this horrible choice between citizenship and livelihood on its own citizens. Thank you.
Sincerely,
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