The Foreign Account Compliance Act (FATCA) is a not so good outgrowth of the policy of the USA for taxation based on citizenship. Most of the developed country practice residence-based taxation. It makes the life of US citizens who are not that rich difficult. Read the following infographic from Global From Asia to learn more about it.
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David Wallace
David Wallace is a search & social media marketer who lives in Ahwatukee Arizona with his lovely wife. Interests & hobbies include all things Disney, roller coasters, musicianship and Christianity.
