#FATCA is: By @USTransitionTax the USA: by creating a "fictitious tax event" (no realisation event") is stealing the retirement pensions owned by residents of other countries and taking a preemptive tax strike against the capital base of those countries. https://t.co/d89VFYjylX pic.twitter.com/62iCSYQTrw
— John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) June 9, 2018
To get to the point:
On June 4, 2018 U.S. Treasury issued the following bulletin which included questions and answers about the Sec. 965 U.S. Transition Tax.
It included Q. 16 …