As a member of the professional tax community, my interest in the goings on over at the Treasury Department is a bit more keen than that of most Americans. And as an American expatriate, I am impacted financially in ways which leave my stateside countrymen and -women largely unscathed (including, for most American resident citizens, the requirement to report foreign bank accounts under threat of severe penalty for noncompliance). Our financial privacy has been seriously eroded. There are severe restrictions on where and how we expats can invest our money. The laws are crippling enough to begin with, but the way they are administered by IRS and the Treasury Department is driving many Americans to renounce their citizenship. Accordingly, the baggage carried by Steven Mnuchin, President Trump's nominee for Secretary of the Treasury, gives me great pause. The abuses by the IndyMac-cum-OneWest financial institution under his leadership are well-documented. At a Connecticut...(Read Full Article)