So, I know a us born billionaire who rescinded his citizenship last year to avoid fatca.<p>He has successfully evaded both the US and UK tax authorities to the tune of half a billion or so, he tells me.<p>The guy gives crazy amounts to philanthropic causes instead. He doesn&#x27;t want his hard earned wealth pissed away by clueless bureaucrats.<p>So. Anyone who tells you fatca has been a success is full of it. It penalises &quot;normal&quot; people, and the evaders keep on evading. Uruguay is where they&#x27;ve all now got citizenship.