U.S. Treasury claims people objecting to invasion of their financial information "fear FATCA will identify their illicit activities".
How in the world did having legal bank accounts, savings, and investments in the country where one lives, earns an honest income, and pays taxes become suspected of criminal or "illicit activities."
To stop the onslaught and to protect themselves, their families, their homes and their finances, an increasing number are taking the previously unthinkable step of renouncing U.S. citizenship.
They are not doing this to evade taxes. They are doing it to be able to be able to have basic bank accounts, savings, investments, and mortgages. They are doing it to be free from snooping of the United States into their personal and family finances.
When they take that step, some members of Congress call them "traitors." Yet, after being under such siege from U.S., most felt they had no other option.
What We Need:
"US persons" living outside US simply need the same rights their ancestors had: The right to live honest, responsible, productive lives in their countries of choice without invasive interference into their financial affairs from the land that they once called home--and which many once cherished.
How in the world did having legal bank accounts, savings, and investments in the country where one lives, earns an honest income, and pays taxes become suspected of criminal or "illicit activities."
To stop the onslaught and to protect themselves, their families, their homes and their finances, an increasing number are taking the previously unthinkable step of renouncing U.S. citizenship.
They are not doing this to evade taxes. They are doing it to be able to be able to have basic bank accounts, savings, investments, and mortgages. They are doing it to be free from snooping of the United States into their personal and family finances.
What We Need:
"US persons" living outside US simply need the same rights their ancestors had: The right to live honest, responsible, productive lives in their countries of choice without invasive interference into their financial affairs from the land that they once called home--and which many once cherished.
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