Credit Unions inside and outside the US are against FATCA

May 6, 2017

IRS Medic’s interview with Michael Edwards of the World Council of Credit Unions reveals that both international and domestic credit unions want FATCA repealed.

And at 14:22 we hear more evidence why the Same Country Exception (SCE) is a waste of time. There are already two exemptions which should protect Americans from the disastrous impacts of FATCA. Foreign banks simply ignore them! Why would an OPTIONAL SCE help anyone?

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