Democrats Abroad are poised to vote on a resolution to change their position on FATCA from ‘reform’ to ‘repeal’. They are 12 years too late to stop their party from inflicting this horror on overseas Americans, and EIGHT YEARS LATER than the Republican Party in seeking to repeal FATCA. Just a reminder that Republicans Overseas […]
Biden inherited a robust recovery and turned it into stagflation. The Personal Consumption Expenditures Index (PCE), the Fed’s preferred measure of inflation, spiked 6.6% from a year ago, the fastest pace since 1982. And while inflation surged at a historic rate, the economy SHRANK 1.4% last quarter. Astonishingly, Biden is still insisting the economy is working for American […]
This week, the RNC, NRSC, and NRCC filed a joint FEC complaint on Google’s censorship of Republican fundraising emails. This complaint follows the publication of a non-partisan study by researchers at NC State, which found that Gmail, Google’s email platform, routed Republican emails to “spam” at a rate approximately 820% higher than similar Democrat fundraising appeals during the 2020 Election cycle.
‘Conservatives on social media slammed the Biden administration after it was announced that a “Disinformation Governance Board” is being established to combat “disinformation” in the 2022 midterms. Homeland Security Secretary Alejandro Mayorkas testified Wednesday that a Disinformation Governance Board had recently been created, days after Tesla CEO Elon Musk purchased Twitter, to combat online disinformation and will […]
Please join us as we chat about the severe impacts of the United States’ citizenship-based taxation on overseas Americans and why pure RBT is the answer.
Please join John Richardson, Jim Gosart, and Kym Kettler-Paddock as we talk about every overseas American’s least favorite thing: citizenship-based taxation. Hint: we want to get rid of it! Bring on pure Residence Based Taxation. Join us each week for a snippet of RO Tax Talk.
Republicans Overseas stands for the full repeal of Citizenship Based Taxation and for the implementation of pure Residence Based Taxation. See below for a summary of our position.
Republicans Overseas decries the Biden regime’s plan to spy on Americans’ domestic bank accounts and report balances and transactions to the IRS. We have lived with this for a decade, and we know how bad it can be. Read the full press release here.
For over a week, the Hamas terrorist organization in control of the Gaza Strip has engaged in an unprovoked, massive missile attack against Israeli civilians located in southern and central Israel, including Israel’s capital, Jerusalem. Hamas has also sought to create civil unrest between Israel’s Jewish and Arab communities in urban centers where both have […]
On January 20, 2021, Former Vice President Joe Biden will be sworn in as the 46th President of the United States of America. We join President Trump in ‘praying for [the incoming administration’s] success in keeping America safe and prosperous’. We support the peaceful transfer of power that has always been a hallmark of American […]
There is no excerpt because this is a protected post.
Statement from Republicans Overseas on the House of Representatives’ Vote to Impeach President Trump (January 14, 2021) Yesterday’s partisan vote to impeach President Trump increases the political divide that separates Americans and runs counter to President-elect Biden’s commitment to bring Americans together. All Republicans, including President Trump, have denounced the extremists who occupied the Capitol […]
Republicans Overseas unequivocally denounces the violence that occurred at the nation’s Capitol on January 6, 2021. We stand with our brave law enforcement officers who protected the Congress, and we lament the deaths of two police officers and four protestors. We support the prosecution of those who broke the law. Citizens must be allowed their […]
Democrat Raphael Warnock released a desperate new ad today where he claimed his decades of radical comments were taken out of context. This got us wondering, what added context would benefit Warnock’s smearing of police officers, defense of anti-Semite Jeremiah Wright, or his attacks on U.S. soldiers? Let’s review: Warnock called police officers gangsters, thugs, and bullies. […]
Marc Zell, RO Legal Counsel and RO Israel Chair is legal counsel for Monte Silver in his regulatory challenge to IRS regulations issued under the Transition Tax and GILTI tax provisions of the 2017 Tax Cut and Jobs Act. The IRS tried to dismiss the Transition Tax case and failed. Last month they filed a […]
Marc Zell, RO Chair Israel and RO Legal Counsel, convinced the New York State Board of Election to register overseas Americans without having to submit both an electronic and hard copy of the voter registration. Due to the issues with global airmail, this was a limiting factor in voter registration. As a result of a […]
Republicans Overseas has sent a letter to White House Chief of Staff Mark Meadows, urging him to ask President Trump for Executive Orders that would: Exempt small businesses from the GILTI and Transition Taxes; Create a Commission on Overseas Americans to consider remedies for the harms done to Americans abroad via onerous regulations such as […]
Joe Biden’s cribbed Green New Deal agenda from Bernie Sanders’ and Alexandria Ocasio-Cortez would place over 10.3 MILLION jobs on the chopping block. Biden is onboard for a “radical decarbonization” of our economy, a ban on fracking, and the elimination of oil, gas, and coal from the power grid. And union workers would bear the brunt of Biden’s agenda. The […]
After announcing a multitrillion-dollar plan that would eliminate 10 MILLION jobs, Joe Biden did not have the guts to defend his plan this afternoon. What we saw today was Biden pushing an agenda to “sacrifice” blue-collar jobs yet not wanting to answer for the job loss. Biden’s refusal to answer reporters’ questions about his anti-fossil fuel […]
Not sure what the GILTI tax is and why Monte Silver’s successful lawsuit is such a win for overseas American business owners? Then please read on as Monte has kindly explained what GILTI is and how it impacted overseas Americans: Yesterday, Treasury issued the final regulation related to GILTI and the 50% GILTI-related deduction. The […]
The White House • July 9, 2020 President Trump just signed an executive order expanding the White House Hispanic Prosperity Initiative, which will help every member of our country’s proud Hispanic community prosper and achieve the American Dream. The order will encourage pro-growth, pro-family, and pro-community policies such as school choice, personalized learning, family engagement, civic education, […]
Over Independence Day weekend, the mainstream media abandoned any last scrap of “objectivity” and went into overdrive to stir more division. Rich Lowry zeroed in on what happened: “President Trump gave a speech that was very tough on the woke Left, while largely celebrating America — its Founders, its ideals and freedom, its capacity for self-renewal, […]
When Joe Biden wasn’t fumbling through his answers to softball questions, he was “forgetting” his dismal track record on dealing with Russia and Vladimir Putin. Let’s take a trip down memory lane: Biden was a leading cheerleader for the failed Russia “reset,” a set of policies deemed to be such a failure, they were panned by […]
WASHINGTON – Today, the Republican National Committee, the National Republican Congressional Committee, and the Republican Party of Florida intervened in a radical lawsuit that Democrats brought in Florida as part of their nationwide assault on the integrity of our elections. “Democrats never let a crisis go to waste, and they are using a pandemic to […]
February 20, 2020 / Read the original at: White House Articles The U.S. labor market is the strongest it has been in the last half century, as President Trump’s pro-growth economic policies continue boosting labor demand and lowering structural barriers to entering the labor market. Economic data presented in the 2020 Economic Report of the […]
Congratulations to Congressman Mark Meadows who is named as President Trump’s new Chief of Staff. 9 million overseas Americans now have a friend in the White House who not only sponsored a House #FATCA repeal bill but also held a House FATCA hearing for them. Mark Meadows, a Republican Party stalwart who introduced a bill aimed at […]
On March 18, 2010, President Obama signed the Foreign Account Tax Compliance Act into law. Surprising as it might now seem to some, the fact went virtually unnoticed by the world’s media, as the legislation was buried deep inside a domestic jobs bill known as The HIRE Act. Read more here.
President Trump made promises to the nation. Read here to see how he has kept them.
By Helen Burggraf Republican Representative George Holding will discuss his recently-proposed Tax Fairness for Americans Abroad legislation in April, in a public forum for American expats in London that the organizers say they are hoping will build the solid cross-party consensus that Holding’s bill will need to be approved by Congress. The event, which will […]
Please find the official bill here.
Republicans Overseas warmly welcomes Jonathan Constantine as the new chairman of RO Greece. Please read the full press release here.
Solomon Yue and Kym Kettler-Paddock discuss the impact of US citizenship-based taxation on overseas Americans, focusing on the disparate impact FATCA and CBT have on overseas American women. Listen here:
My friend Damien Regnard, French Senator representing French Abroad will not only support the Tax Fairness For Americans Abroad of 2018 (H.R. 7358), but also lobby members of U.S. Congress from both sides of the aisle next week to make TTFI a reality for his dual citizens and Accidental Americans. I forwarded a copy of […]
John Richardson (tax lawyer), Olivier Wagner (tax specialist), Solomon Yue (CEO & Founder Republicans Overseas), and Jim Gosart (Republicans Overseas) discuss Congressman Holding’s introduction of ‘Tax Fairness For Americans Abroad Act’. by Helen Burggraf With just hours to go before most of the United States was due to close down for the Christmas holiday, Congressman […]
Watch as Solomon Yue (founder and CEO Republicans Overseas) and John Richardson (international tax lawyer) discuss Congressman George Holding’s ‘Tax Fairness For Americans Abroad Act – H.R. 7358″.
Today, December 20, 2018, Congressman George Holding (NC-R) introduced the Tax Fairness For Americans Abroad Act (TFFAAA) – H.R. 7358. The TFFAAA will not only end the double taxation of overseas Americans, it will also make Americans more competitive in the international job market and free to pursue opportunities around the world. The TFFAAA will […]
Solomon Yue, CEO and VP of Republicans Overseas, discusses how Republicans Overseas has been working towards Territorial Taxation For Individuals. Click here for the PDF version.
Please click here for a PDF version.
Vice Chairman and CEO of Republicans Overseas Solomon Yue (Left), Chairman of Republicans Overseas Italy Dr. Nancy Galan (Middle), and Vice President of AmCham Italy Luca Arnaboldi (Right) joined by the American Chamber of Commerce Italy Executive Committee members for a lunch meeting in Rome to discuss Congressman Holding’s TTFI legislation. AmCham Italy liked […]
Thanks to Kerry Reddington for organizing this bipartisan TTFI event jointly hosted by American Chamber of Commerce Germany, Republican Overseas Germany, and Democrats Abroad Germany on September 24. The TTFI legislation passage requires all of us to work together regardless of party affiliation and political spectrum.
On September 21st Joe Smallhoover, board member of the American Chamber of Commerce France and Chair of Democrats Abroad France (DAF), and Solomon Yue, founder of Republicans Overseas (RO), presented the draft bill on territorial taxation for individuals (TTFI) at the American Chamber of Commerce France in Paris.This bill will be presented to Congress this […]
Territorial Taxation for Individuals is receiving endorsements from a variety of organizations that support overseas American taxpayers. Please see the endorsement letters here: AmCham Albania Endorsement of TTFI The Australian Taxpayers’ Alliance Letter to US territorial tax citizens TPA Territorial Taxation Letter (July 3) TTFI Endorsement – Albanian Enterprise Institute TTFI Endorsement from Libertad y […]
The House Ways & Means Committee is holding a ‘Hearing Seiries on Tax Reform: Growing Our Economy and Creating Jobs.’ They are collecting statements for the congressional record, and this is a great opportunity to provide testimony as to the unintended and potentially disastrous consequences of the Repatriation Tax and GILTI tax regime. Comments must […]
Solomon Yue, CEO of Republicans Overseas, will be in Hong Kong on May 28, 2018. Please join us at 6:30 – 8:00 pm for an update on Territorial Taxation for Individuals. Mr. Yue will discuss his recent visits to Washington, D.C., the progress being made on Territorial Taxation for Individuals, and the impact this would […]
The Department of the Treasury has granted a two month extension for making the first payment of the Repatriation Tax included in the Tax Cuts & Jobs Act of 2017. The full advice from the Treasury can be read here. The relevant information on the Repatriation Tax can be found on page 36. A picture […]
Republicans Overseas has requested a House hearing on the harmful impact of the ‘repatriation tax’ on the small business corporations owned by overseas Americans. ‘Attached is an RO PPP on the severe and unintended consequences of the repatriation tax contained within the Tax Cuts & Jobs Act 2017 on small businesses owned by overseas Americans. […]
Republicans Overseas is dedicated to ending citizenship-based taxation, but we are not a signatory to the letter published by the AARO on asking Congress to implement RBT (residence based taxation). The ACA wrote this letter and circulated the draft to us, asking us to join as a signatory. We declined for three key reasons: Republicans […]
Both Congressman Holding and Chairman Brady recognized that CBT is inconsistent with the current territorial taxation for corporations as well as harming U.S. firms’ competitiveness overseas. As a result, they pledged to continue to explore moving away from CBT. This demonstrates the commitment from Chairman Brady to get this done. We now need to focus […]
By: Helen Burggraf | 17 Nov 2017 Spokespeople for organisations that have been urging US lawmakers, on behalf of expatriate Americans, to legislate for a change to a “residence-based” tax regime said today that the possibility of such a change is still alive, even if it hasn’t yet been spelled out in the latest tax […]
Grover Norquist, President of Americans for Tax Reform, has written a letter to Chairman Kevin Brady of the House Ways and Means Committee urging him to include TTFI in the tax reform bill’s markup. Read the letter here.
By: Helen Burggraf | 26 Oct 2017 Representatives for American expatriates in Washington have been expressing cautious optimism about the chances that the way such expats are taxed may be about to change, after weeks of lobbying that culminated this week in meetings with lawmakers. Among them is Republican National Committee member Solomon Yue, who […]
According the State Dept., there are 9 million overseas Americans, not including overseas military service men and women (click here for Bureau of Consular Affairs overview). 614,553 (633,592 – 19.039) Uniformed and Overseas Citizens Absentee Voting Act ballots were returned in 2016, including 51,700 overseas U.S. military votes. Military and Overseas Voting In 2016, 930,156 Uniformed and Overseas Citizens Absentee […]
US expats given hope of lower tax bills Republicans edge towards eliminating need to pay levies overseas and at home Millions of US citizens working overseas could see their tax bills lowered by an overhaul of the tax system as Republicans edge towards eliminating a requirement for American expatriates to pay taxes both overseas and […]
by Patrick Tyrell, The Daily Signal October 13, 2017 If you’re an American living overseas, Uncle Sam is making life hard for you—and he’s probably giving your bank a headache, too. For one, the U.S. government often taxes the earnings you make outside the U.S., meaning you can be double-taxed—both by the U.S. and by […]
By: Helen Burggraf | 16 Oct 2017 As US lawmakers consider the relative merits of a package of proposed changes to the American tax code, a global network of expat Americans is calling on their fellow countrymen in Expatland to urgently sign a petition calling for the US to end its citizenship-based taxation regime. The […]
Michael DeSombre (Left), Republicans Overseas Worldwide President, and Solomon Yue, Republicans Overseas Vice Chairman and CEO, met with Samantha Zager (Right), White House Associate Political Director on October 2, 2017. On behalf of the White House, Ms. Zager accepted 1,744 letters/petitions to President Trump in support of including Territorial Taxation for Individuals in the Tax […]
Republicans Overseas has compiled a comparison of the world’s two major income tax methods: residence based taxation and territorial taxation. We’ve added the United States’ citizenship based taxation to demonstrate that overseas Americans would be better off with TTFI. You can access a PDF copy here: RBT vs TTFI postcard
By Ralph Z. Hallow – The Washington Times – Thursday, September 21, 2017 ANALYSIS/OPINION: How do Republicans win in 2018, let alone in 2020, when their president’s approval rating is lower than Hillary Clinton’s self-esteem? Easy: 5.7 million Americans who live and work abroad are registered and qualified to vote by absentee ballot. Why’s that a big […]
Currently non-Americans have very preferential (0-10%) tax rates on dividends, interest and capital gains earned in America while Americans are hounded by the IRS around the world at 38% tax rates on every penny earned outside of America. Here are the tax rates enjoyed by non-Americans on American investments: Dividends 5-15% Interest 0% Gains 0% […]
Please help us to spread the word about our Letter Writing Campaign and Petition! You can forward our TTFI Airmail Postcards: PDF JPG You can click to tweet: Tell the White House and Congress to put Territorial Taxation for Individuals into the Tax Reform Package! http://bit.ly/2x1enud Sign the petition here. Write letters to the White […]
Plaintiffs in Crawford, et al. vs. US Department of Treasury, et al. have filed a filed a Petition for En Banc Rehearing in their fight against the Foreign Account Tax Compliance Act (“FATCA”) and related provisions after the Sixth Circuit affirmed the lower district court’s ruling that none of the plaintiffs had standing, i.e., sufficient […]
During their summer meeting, the RNC approved a resolution supporting the transition from Citizen Based Taxation to Territorial Taxation for Individuals.
James Bopp, Jr. (lead lawyer for the Plaintiffs) and Richard E. Coleson have drafted a memo to analyze the 6th Circuit Court’s decision could and to highlight where the 6th Circuit Court made mistakes in its decision. Read the memo here.
By: Helen Burggraf | 22 Aug 2017 | International Investment ‘An anti-FATCA lobbying group led by key US Republican Party members has vowed to take its fight against the Foreign Account Tax Compliance Act to the Supreme Court, in the wake of a US Court of Appeals decision, handed down on Saturday, that affirmed a lower district-court […]
The 6th Circuit Court handed down its ruling on August 19, 2017 and found that the Plaintiffs were not suffering any harm as a result of FATCA, and were in no threat of prosecution for not filing FBAR and FATCA forms, and therefore, had no standing to bring the lawsuit. Republicans Overseas will appeal this […]
Many of St. Andrews’ American students are back home from school and living in the DC Northern Virginia area. Last weekend, a several went out doorknocking for Ed Gillespie and the Republicans in the 2017 Gubernatorial election.
The shooting of Republicans and Capitol Police by Bernie-Sanders-supporter and Terminate-the-Republican-Party-member James Hodgkinson is the culmination of left wing violence towards Republicans. The Daily Caller has compiled a list of violence committed by the Left since the election began. Read it here.
Watch Stuart Varney’s informative interview with Grover Norquist on tax reform. Watch the latest video at video.foxbusiness.com
Grover Norquist, President of Americans for Tax Reform just wrote to Congressman Kevin Brady, Chairman of the House Ways and Means Committee endorsing Republicans Overseas’ Territorial Taxation for Individuals proposal. Mr. Norquist states, “it is vital that any tax reform legislation includes territoriality for individuals.” Thank you Grover. Read the letter here.
James Bopp, Jr., lead litigator for Republicans Overseas’ repeal FATCA lawsuit, responded to Representative Mark Meadows’ request for each of the witnesses at the Unintended Consequences of FATCA Hearing (held April 26, 2017) to provide three ways to reform the existing FATCA law. Read Mr. Bopp’s response below.
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 […]
Summary Report: Asian Republican Coalition and Republicans Overseas Territorial Taxation for Individuals (TTFI) joint team held 26 meetings with Congressional members on the House Ways and Means Committee, Senators on the Senate Finance Committee, and White House officials in the last four days. Our message is if we want to put America First and increase […]
Click here to watch a short video about the 15 things that FATCA Architect Elise Bean gets wrong about FATCA and Expats.
Please watch the following short video for seven reasons why the proposed Same Country Exception to FATCA is useless.
RO UK is hosting a fundraising event: a reception and lunch with James Bopp, Jr., the lead litigator on RO’s lawsuit to repeal FATCA.
Even one citizenship renunciation because of FATCA is too many. Overseas Americans are not old shoes for FATCA architect Elise Bean throw away. Will Democrats Abroad Chair Solon join Republicans Overseas to condemn #FATCA architect Elise Bean’s statement that repeal FATCA is a mistake because only 4,300 expats were forced to renounce compared to 730,000 new […]
President Trump’s administration is sending out an Official Tax Reform Survey to ask voters about tax reform. Please fill out the survey and make sure to mention in one of the ‘other’ boxes that he should repeal FATCA and move towards TTFI (territorial taxation for individuals–previously called ‘RBT’ – residence based taxation). Thank you! […]
Drew Liquerman, Chairman of Republicans Overseas UK, St Andrews Chapter, organized some American students studying at the University of St Andrews to hold up signs asking why Jon Ossoff did not vote when he was studying in the UK. OPEN LETTER TO JON OSSOFF Mr. Ossoff, the citizens of Georgia’s 6th district ought to know […]
On April 26, 2017, the House will hear testimony as to the damage done to overseas Americans by FATCA. For background information on FATCA, click here. Testimonies Donna Lane Nelson Video: Donna Lane Nelson Testimony Written: Donna Lane Nelson Testimony Mark Crawford Mark Crawford Testimony Roger Johnson Roger Johnson Testimony Daniel Kuettel Daniel Kuettel Testimony Stephen […]
In a Facebook post published on April 20, 2017, Democrats Abroad attacked Republicans Overseas’ FATCA hearings scheduled for April 26th. However, comments on their post clearly demonstrate how far DA’s pro-FATCA position deviates from the anti-FATCA position of their constituents. Read the FB post here. Click here to read the comments
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 […]
“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 […]
Click below to read the letter urging the Trump administration to support the repeal of FATCA and listing steps that can be taken immediately. RandMeadowsLetter
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 […]
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), […]
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 […]
WASHINGTON – April 5 – Nigel Green, CEO of deVere Group and Co-Leader of the Campaign to Repeal FATCA, today lauded a letter from Rep. Mark Meadows and Sen. Rand Paul to Treasury Secretary Steven Mnuchin and OMB Director Mick Mulvaney urging actions to “mitigate the ongoing damage” caused by the Foreign Account Tax Compliance […]
Republicans Overseas UK Chairwoman Malise Sundstrom, together with newly elected Vice Chair Sarah Elliott, met with a Number 10 government relations team to see how Republicans Overseas could work to strengthen political and cultural ties and reinforce the Special Relationship.
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 […]
Republicans Overseas sent a cease & desist letter to Jan Halper-Hayes requesting that she stop associating herself with our organization after her resignation. The letter can be found here in PDF format while images are included below: LettertoJanHalper-Hayes
Bruce Ash Republican Overseas Chairman, Michael DeSombre Republican Overseas Worldwide President, and James Bopp Jr. lead litigator of Republican Overseas FATCA Lawsuit met Republicans Overseas Hong Kong leaders in 2015.
Anti-FATCA. The CEO of Republicans Overseas Solomon Yue wants to go to the U.S. Supreme Court while waiting for a Republican president. Solomon Yue is Vice Chairman and CEO of Republicans Overseas, created in September 2013 following the closure of the Republicans Abroad DC headquarters a few months prior. Yue, who is also a member of the Republican National Committee, pushed through on 24 January an RNC resolution to repeal FATCA.
Reince came to Oregon for my Greek Dinner Dance for Oregon Republican Party. Reince and I were talking about how FATCA has impacted overseas Americans negatively. I told Reince that I would be the Chief Sponsor of a RNC resolution to repeal FATCA in January 2014.
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 paperwork to the IRS whenever they did more than $600 of business. Read the full article here.