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what is FATCA people talk a lot about the foreign account Tax Compliance Act its a law that was passed in the u.s. not that long ago and its had a lot of unforeseen consequences in this video Im going to tell you exactly what it is and what its all about [Music] hi Im Andrew Henderson if you search anywhere on the internet for offshore tax photo Jase youre no doubt going to come across FATCA and while this law was started in the United States its actually triggered a lot of other things that impact non-us citizens non-us residents its really come to impact a lot of people all over the world heres what it is so back during the recession the United States went through and said were going to a stimulus plan lets go and build some roads and build some bridges and throw a bunch of money down a drain to hire people and have the government come in and try and create prosperity well thats going to cost a lot of money so what Congress the United States will do is they say hey were
