For many people it isn&#x27;t about taxes. It&#x27;s the fact that due to FATCA they can&#x27;t even have a bank account in the country where they have lived and worked for many years. Banks in some countries have closed the accounts of US citizens due to the cost of compliance with FATCA. Imagine suddenly being unable to cash your paycheck or pay your bills because as a US citizen you are a pariah to the banks of the country in which you live..