American Citizens Abroad responds to IRS 'procedures' with re-issue of call for Same Country (FATCA) Exemption

Marylouise Serrato
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The American Expat Financial News Journal (September 10, 2019)

American Citizens Abroad responds to IRS 'procedures' with re-issue of call for Same Country (FATCA) Exemption

'American Citizens Abroad has officially welcomed the U.S. Internal Revenue Service's announcement last Friday of a set of 'new procedures' that it said would enable 'certain' expatriates to avoid key taxes normally associated with renouncing, but renewed its call for a 'Same Country Exemption' to the FATCA regulations – which are the reasons 'certain' expatriates are in need of the IRS's help in the first place – to be be introduced.'

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