TAX, SOCIETY & CULTURE

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US tax reform: 11 working groups to watch, but don't get your hopes up

It is interesting that they are publically posting all of the received comments.

http://waysandmeans.house.gov/taxreform/workinggroups.htm

Just about all of the "International" comments received to date are anti FATCA/FBAR and all from regular joes. No bankers yet. In fact it looks like almost a quarter of ALL received comments to date are international related and anti FATCA/FBAR. It will be interesting as we get closer to the April 15th deadline to see whether the banks chime in and if any tax profs chime in IN Favor of citizenship based taxation and FATCA. Of course it is not unexpected that the tax practioners and banks might hold out to the last minute.

Published Mar 25, 2013 by Tim

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