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with the Treasury Inspector General for tax administration report on FATCA out I thought itamp;#39;d be a great time to list my top 10 reasons why faka is a complete miserable failure number one it was passed on an accounting lie the pay-go lie Pago stands for a pay-as-you-go budgeting and itamp;#39;s supposed to keep spending bills deficit neutral in this case the hire Act of 2010 was a spending bill and offsets needed to be found the claim was that faka would be bringing about an extra billion dollars or so in revenue per year and how has that worked out well William burns in Robert Monroe at Texas Aamp;amp;M says the revenue is just not there now youamp;#39;ll see a red herring from the government saying thanks to FATCA ten billion dollars has been collected in penalties and taxes over the past 10 years due to the OVD piano video I know there are voluntary disclosure programs well this isnamp;#39;t exactly true because most of those penalties are charitable to f bar requirement
