Meadows-Paul Letter Urging Executive Action To Nullify FATCA Is A Landmark Moment

WASHINGTON – April 5 – Nigel Green, CEO of deVere Group and Co-Leader of the Campaign to Repeal FATCA, today lauded a letter from Rep. Mark Meadows and Sen. Rand Paul to Treasury Secretary Steven Mnuchin and OMB Director Mick Mulvaney urging actions to “mitigate the ongoing damage” caused by the Foreign Account Tax Compliance Act pending its anticipated repeal.

“This is a major landmark moment,” said Green. “FATCA has only rolled on because of legally unauthorized ‘intergovernmental agreements’” – known as IGAs – “but if the White House and Treasury overturn the previous administration’s power-grab, that alone would doom this terrible, toxic law.”