Entries by Kym Kettler

Paul, Meadows offer bill to repeal offshore tax law

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 […]

FATCA Fall Out Closes A Million US Bank Accounts

Around a million of the 6 million US expats living overseas have had bank accounts closed due to Foreign Account Tax Compliance Act (FATCA), says a new survey. Read the […]

Why Obama’s FATCA Law Is A Threat To Business Growth

One of the tax increases buried in Obamacare was an onerous and intrusive “1099″ scheme that would have required businesses to collect tax identification numbers for just about any vendor and then send […]