March 27

Top Credit Union Group Calls for FATCA Repeal!

In an important development in Washington, today Michael S. Edwards, Vice President and Chief Counsel, World Council of Credit Unions, called for repeal of the Foreign Account Tax Compliance Act (FATCA).   Among the points cited by Edwards, the boomeranging costs of FATCA from foreign institutions to domestic U.S. entities like credit unions: << FATCA compliance for U.S. credit unions is also not likely to be easy or inexpensive though the IRS delayed most compliance requirements for ...

 

- Letter to Treasury Secretary Lew from Congressman Bill Posey

- Letter to Treasury Secretary Geithner from Senators Rand Paul, Jim DeMint, Mike Lee, and Saxby Chambliss