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Old 13.03.2018, 21:51
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FATCA - how much data?

Interesting reveal from IsaacBrockSociety.

"Over at FixTheTaxTreaty! we wanted to know how much FATCA data was being sent from Australia to the IRS, so we submitted a Freedom of Information request to the Australian Tax Office. We found that the numbers were much higher than we had expected. As much as 6%(!) of the non-retirement financial assets of Australian households and businesses was reported to the IRS for 2016, along with A$ billions in interest and dividend income."

http://isaacbrocksociety.ca/2018/03/...ge-1/#comments
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Old 14.03.2018, 11:04
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Re: FATCA - how much data?

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Interesting reveal from IsaacBrockSociety.

"Over at FixTheTaxTreaty! we wanted to know how much FATCA data was being sent from Australia to the IRS, so we submitted a Freedom of Information request to the Australian Tax Office. We found that the numbers were much higher than we had expected. As much as 6%(!) of the non-retirement financial assets of Australian households and businesses was reported to the IRS for 2016, along with A$ billions in interest and dividend income."

http://isaacbrocksociety.ca/2018/03/...ge-1/#comments
Is that 6% of all Australian households or 100% of households with US relations?
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