FATCA Explained

Unless you are a tax lawyer or involved in the expat community, there is little reason for you to have heard of FATA. Yet.
FATCA, at its heart, is a law designed to make people obey a law that is already in place. In my view, a reasonable response to this situation would be to concentrate on finding the offenders and prosecuting them.
Instead, the US Government decided to hunt chipmunks with a howitzer.
FATCA is so monumentally ill-conceived that it is difficult to pick just one of its potential...