In 2011, the IRS introduced the Foreign Account Compliance Act, or FACTA to “minimize tax cheats” but in doing so FACTA is making banking – and life in general- painfully difficult for millions of American expats. The affects of FACTA are illustrated in the following infographic.
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The Ugly Face of FATCA, How Its Affecting Americans Abroad – an infographic by the team at Global From Asia – is presented by here by the editorial team of munKNEE.com (Your Key to Making Money!) and the FREE Market Intelligence Report newsletter (see sample here – register here) in a slightly edited ([ ]) and abridged (…) format to provide a fast and easy read.]