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.

[Click here for full size version]

The Ugly Face of Fatca

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. Follow +David Wallace on Google + as well as Twitter.

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