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100 in 100: Accomplishment No. 6

By OFA_NV on

Accomplishment No. 6: Foreign Account Tax Compliance Act (FATCA) & Swiss bank accounts

The Obama administration worked to get FATCA passed by Congress in 2010 as a part of the U.S. crackdown on offshore tax cheating.Those who cheat taxes by keeping their money offshore in places like Swiss bank accounts, cost Americans an estimated $100 billion a year.

Should a president hide money in offshore accounts? Well, "Mitt Romney could be the first president in U.S. history to stash millions offshore."

Share this infographic with your friends and remember to follow @OFA_NV and the hashtag #100in100 on Twitter for an accomplishment a day from OFA-Nevada.

tax havens map
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