ActivistPost – Catherine J. Frompovich – FATCA: New Tax Effective July 1, 2014 – 1 May 2014

Logo_activistpost-comRecently I spent an hour listening to what I consider some extremely miserable and depressing prognostications, if they materialize, from Porter Stansberry’s latest sales pitch about what he feels will happen when a new law enacted in 2010 goes into effect July 1, 2014: FATCA (Foreign Account Tax Compliance Act) HR2847 passed by Congress and signed into law by President Obama. Apparently, there are some unknown surprises within it.

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