Money MorningChief Investment Strategist Keith-Fitzgerald talked with China Central Television - America on Tuesday about the Foreign Account Tax Compliance Act (FACTA).
The act appears to be targeted at capturing the ill-gotten gains of wealthy criminals who hide money overseas. But will it have unintended effects on ordinary Americans who live and do business abroad?
Watch the video and find out.
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Tags: Bank Regulations 2013, FATCA, Foreign Account Tax Compliance Act, Foreign Account Tax Compliance Act 2013, Foreign Account Tax Compliance Act Today, Foreign banking regulations, international business regulations, International Business regulations 2013, International financial regulations, international financial regulations 2013, Investment regulations 2013