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hello Anthony hello Claudia so weamp;#39;re here today to talk about repealing FATCA and the proposal for same country exemption and why we think thatamp;#39;s a good idea not quite in the same country exemption is sort of the compromise offered by Democrats who can at least tacitly admit there are some rather huge unintended consequences of facta well here are seven reasons why the FATCA same country exemption is a miserable failure Wow okay number one yes under the same country exemption banks will have the same pressure to kick out Americans thatamp;#39;s exactly right it doesnamp;#39;t really help anything that the banks have to go through this the the same first query of determining if thereamp;#39;s some u.s. person who owns anything then after they do that first query they now have to do a second one to see if a same country exemption applies so that means compliance costs arenamp;#39;t going to change for the bank number two thatamp;#39;s correct they could actually incr
