Gee...then WHY does Apple have $285 billion squirreled away in other countries that the US CAN'T touch? Why do countless businesses and corporations have $ billions stashed away to KEEP from paying tax?

From your own link...

"The Foreign Account Tax Compliance Act (FATCA) is a 2010 United States federal law requiring all non-U.S. ('foreign') financial institutions (FFIs) to search their records for customers with indicia[clarification needed] of 'U.S.-person' status, such as a U.S. place of birth, and to report the assets and identities of such persons to the U.S. Department of the Treasury.[1] FATCA also requires such persons to self-report their non-U.S. financial assets annually to the Internal Revenue Service (IRS) on form 8938, which is in addition to the older and further redundant requirement to self-report them annually to the Financial Crimes Enforcement Network (FinCEN) on form 114 (also known as 'FBAR').[2] Like U.S. income tax law, FATCA applies to U.S. residents and also to U.S. citizens and green card holders residing in other countries.

WHERE does it say ANYTHING about a business? This is for INDIVIDUALS it is NOT for businesses who are operating overseas.

IF you WERE correct...there wouldn't BE a discussion about this...the IRS would have just fined them in an audit...wouldn't they?