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FATCA was set up to catch tax cheats.  Unfortunately, it is greatly disrupting
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titleReform FATCA
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Contribute to DA’s Efforts to Reform FATCA

These pages provide a resource and forum for DA discussion of FATCA and the steps we are taking to reform this legislation.

Included here you will find:

A description of The DA FBAR/FATCA Task Force

Background Reports & Materials - 2014 from the Task Force

A Webform to sign up for our FATCA Updates mailing list

A Forum for Comments and Discussion on the impact of FATCA

While FATCA was intended to catch tax cheats, it has unfortunately had a disrupting effect on the lives of Americans living abroad who use accounts in foreign banks to do ordinary things like pay bills and save for the future. 

Democrats Abroad, in collaboration with other organisations of overseas Americans, supports the Same Country Exception. 

When added to the FATCA implementation rules, the Same Country Exception will exempt overseas-resident U.S. citizens and their banks from FATCA reporting on accounts in our countries of residence. 

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Sign up for notices on our progress towards Reforming FATCA.

 

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