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ed carr is the former president of the aic and is the chairman of republican overseas in switzerland he joins us today to discuss the latest development on fatco edwards good afternoon good afternoon nicolette thank you for having me back is making life difficult for american support can you summarize how its making it difficult sure yeah fatca is making life difficult for the 7.6 million american citizens that live overseas specifically the law requires a lot more reporting requirements so we have additional expenses theres more forms theres a lot of uncertainty still on fatca even though the law is scheduled to go into force the first of july which is only about six weeks away theres still a lot of global uncertainty so the law is really really making our lives miserable for all overseas americans and i understand that the number of americans who are expatriating or renouncing their citizenship is quite high its at all-time highs yeah and especially we see it a lot here in switz
