Entries by Kym Kettler

Republicans Overseas Secures Witnesses for House Hearing on FATCA Damage

TERRE HAUTE, IN – Congressman Mark Meadows (R-NC) will chair a hearing of the Subcommittee on Government Operations of the House Committee of Oversight and Government Reform on “Reviewing the Unintended Consequences of the Foreign Account Tax Compliance Act (FATCA)” on Wednesday, April 26, 2017 at 2:00 pm in the Rayburn House Office Building (Room […]

23 National Organizations support the repeal of FATCA

“Dear Speaker Ryan, Majority Leader McConnell, Rep. Brady, and Sen. Hatch: As free-market and taxpayer protection organizations representing millions of Americans, we urge that repeal of the Foreign Account Tax Compliance Act (FATCA)—a plank in the 2016 Republican Party Platform—be included in any tax reform package sent to the White House. Enacted in 2010 by […]

Senator Rand Paul introduces Bill to Repeal FATCA

WASHINGTON, D.C. – Today, U.S. Senator Rand Paul (R-KY) introduced legislation to repeal the Foreign Account Tax Compliance Act (FATCA), with U.S. Representative Mark Meadows (R-NC) introducing a companion bill in the U.S. House. Sen. Roger Wicker (R-MS) joined Dr. Paul as an original cosponsor. Enacted by Congress in 2010, FATCA mandates that foreign financial institutions […]

Rep. Mark Meadows Introduces FATCA Repeal Bill

Apr 7, 2017 Press Release Washington, D.C. – On Thursday, Rep. Mark Meadows (R-NC) joined Senator Rand Paul (R-KY) to introduce a bill that would repeal America’s global tax law, which has caused U.S. citizens to renounce their citizenships in record numbers. The bill would repeal provisions of the Foreign Account Tax Compliance Act (FATCA), […]

Sen. Paul and Rep. Meadows offer bill to repeal FATCA

Rep. Mark Meadows (R-N.C.) and Sen. Rand Paul (R-Ky.) offered legislation Thursday to repeal an Obama-era offshore tax law. The bill would do away with provisions of the Foreign Account Tax Compliance Act (FATCA), which requires foreign financial institutions to report information about accounts held by U.S. citizens to the IRS. Read more at The […]

RO releases a white paper on Territorial Taxation for Individuals

Republicans Overseas releases a White Paper on Territorial Tax Reform for Individuals.  Consistent with the proposals being considered for corporate tax reform, worldwide taxation for individuals should be replaced with a territorial system.  A territorial system for individuals would: Promote the exports of U. S. goods and services Increase the soft power and reach of […]