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Repeal Fatca and established residence based taxation.

Created by J.B. on March 13, 2016

The U.S. is the only country in the world with citizen-based taxation, with the exception of tiny Eritrea. All 195 other countries in the world have residence based taxation, meaning you only pay taxes where you physically reside.

If this was not unfair enough, the addition of FATCA has made life very difficult for Americans abroad.

IRS efforts to chase tax cheats are netting another group entirely. Americans citizens living abroad face the threat of prohibitive fines for simply failing to file with the IRS, when many are unaware they were required to do so.

Because of Fatca, showing an American passport to a bank now feels like showing garlic to a vampire as many banks refuse to serve US residents.

Americans abroad get zero service from the Government, we deserve better treatment.

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