What is FATCA?

The Foreign Account Tax Compliance Act (FATCA) is a 2010 United States federal law to enforce the requirement for United States persons including those living outside the U.S. to file yearly reports on their non-U.S. financial accounts to the Financial Crimes Enforcement Network (FINCEN).

[@bewareofthedeceiver]

Why companies like apple can get away with it.

[@absmusicchannel-lorica5199]

ok thanks for the explanation..

[@cybervigilante]

Too bad it doesn't mean a damn thing to corporations that park their dough overseas - rename it Fatcat.

[@NikLyons]

Comply with some multinational corporation so you dont get locked in a cage... Yaaaayyyy

[@dwightsandersus60-150417000099]

FATCA