Freeman Tax Law can help you with all your Foreign Account, FATCA, OVDP needs.

1. FATCA Implemented,
But Vulnerable In The
Long Run
Freeman Tax Law
(855)935-5945

2. Treasury Department Promising To Go Easy?
FATCA has been implemented, but it is not strong many
groups still harboring strong political and legal animosity.
FATCA is now legally in force, but the Treasury department is
promising "to go easy" on enforcement for the first two years
since delays and high costs leave many areas of the world still
unable to fully comply with FATCA. FATCA has greatly
increased global concern over the use of foreign accounts to
evade government taxation, yet there is still conversation as to
whether this is the correct solution to solve the problem or if
it will just cause more damage to the United States and
innocent, tax abiding Americans.
Freeman Tax Law  (855) 935-5945  info@freemantaxlaw.com  www.freemantaxlaw.com

3. Intergovermental Agreements
Before the implementation of FATCA there was a surge of countries entering
into intergovernmental agreements (IGAs). Each country reached their own
agreement with the Treasury. A huge benefit for countries is that they are now
able to monitor their own citizen’s financial activities around the world and
generate additional revenue. Both France and the UK have implemented their
own laws to hinder hiding financial assets outside of their own countries.
Freeman Tax Law  (855) 935-5945  info@freemantaxlaw.com  www.freemantaxlaw.com

4. Intergovermental Agreements (Continued)
There are open legal questions by opponents
of FATCA if the unilateral IGAs violate the
Senate's treaty power, if FATCA's excessive
penalties violate the 8th Amendment, and if
privacy protected by the 4th Amendment has
been violated. Still, FATCA has raised global
concern and the FATCA empire will not
crumble easily with global support.
Freeman Tax Law  (855) 935-5945  info@freemantaxlaw.com  www.freemantaxlaw.com

5. Increased Complexity
Despite the added complexity that FATCA has brought
to numerous financial intuitions and tax payers, FATCA
continues to roll forward. Similar to the continued fight of
the war on drugs, there will always be individuals that
attempt to circumvent the law to pursue their own
agenda. Unfortunately, for those that have undisclosed
assets outside their own countries and the financial
institutions that are burdened by the cost of compliance,
FATCA and the similar laws implemented by other
countries are here to stay.
Freeman Tax Law  (855) 935-5945  info@freemantaxlaw.com  www.freemantaxlaw.com

6. Locations
International Locations:
Geneva, Switzerland
Basel, Switzerland
Bern, Switzerland
Zurich, Swizterland
San Antonio, Texas
Houston, Texas
Dallas, Texas
Austin, Texas
Charlotte, North Carolina
Boston, Massachusetts
Atlanta, Georgia
Tampa, Florida
Washington DC
Denver, Colorado
San Jose, California
San Diego, California
Pleasanton, California
Irvine, California
Cleveland, Ohio
New York, New York
Las Vegas, Nevada
Short Hills, New Jersey
Birmingham, Michigan
Chicago, Illinois
Miami, Florida
Greenwich, Connecticut
San Francisco, California
Palo Alto, California
Los Angeles, California
Phoenix, Arizona
Freeman Tax Law  (855) 935-5945  info@freemantaxlaw.com  www.freemantaxlaw.com

7. Freeman Tax Law
About Freeman Tax Law
Freeman Tax Law is a boutique tax law firm with national exposure equipped to
handle all domestic and international tax law matters. At Freeman Tax Law, the
attorneys and professional staff have vast experience with foreign tax compliance,
international tax planning, and resolving tax controversies involving offshore
banking matters. Freeman Tax Law helps taxpayers and foreign entities become in
compliance with laws such as Foreign Account Tax Compliance Act (FATCA) and
Offshore Voluntary Disclosure Program (OVDP). In addition to handling complex
tax controversies, the Freeman Tax Law team has extensive expertise in assisting
clients with wealth management and estate planning.
Freeman Tax Law
(855) 935-5945
info@freemantaxlaw.com
www.freemantaxlaw.com