My general experience with FATCA has been quite mild. I've been in Singapore for 5 years, and I had one investment account that had to be closed, but all my ban

My general experience with FATCA has been quite mild. I've been in Singapore for 5 years, and I had one investment account that had to be closed, but all my bank accounts were fine. The FBAR took me a few hours to figure out how to fill out the first time, but every year after it only took 10 minutes to update the numbers. The laws about starting a business are much more onerous. If I become a founder/shareholder/director of a company not incorporated in the US, there are all sorts of painful compliance requirements that are basically there to make me rather incorporate in Delaware or something. Net net, I sense that except for a few unfortunate cases, most of the pain of compliance with FATCA is coming from those who it was meant to target: wealthy tax evaders. This article did appear in the WSJ...