ACA in the News: updated 10:45 PM CEST, Apr 24, 2022 ACA: 'TIGTA report on FATCA is further proof that Congressional hearings are needed now'
The American Expat Financial News Journal (April 19, 2022)
ACA: 'TIGTA report on FATCA is further proof that Congressional hearings are needed now'
"Charles Bruce, legal counsel for the Washington, D.C.-based American Citizens Abroad, admits it won’t be easy to get Washington lawmakers to prioritize such hearings at present, given such powerful distractions as the war in Ukraine, the ongoing Covid pandemic and its powerful effects on the U.S. economy, and the approaching mid-term elections.
But this is why it’s all the more important that as many expats as possible get involved in calling for such hearings, he stressed, in a recent interview with the American Expat Financial News Journal.Particularly since the TIGTA findings suggest that the U.S. government may soon look to ramp up certain existing compliance strategies on the basis of data that is years out of date, and which is also based on ideas about tax evasion strategies that may also be dated, Bruce noted."