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Wednesday, January 22, 2014

Republican Party to Vote for Repeal of FATCA

FATCAReuters:  Republican Party to Vote for Repeal of U.S. Anti-Tax Dodging Law:

The Republican Party is expected to approve a resolution this week, calling for repeal of an Obama administration law that is designed to crack down on offshore tax dodging.

In what would be the party's first appeal to scrap the law - the Foreign Account Tax Compliance Act (FATCA) - a panel was slated to vote at the Republican National Committee's (RNC) winter meetings in Washington, likely approving the resolution on Friday, according to party members driving the repeal effort.

(Hat Tip: Bruce Bartlett.)

http://taxprof.typepad.com/taxprof_blog/2014/01/republican-party.html

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