“In many cases the agreement that countries have insisted on with respect to FATCA is reciprocal. In other words, a country will say that yes they are willing to exchange information on financial accounts with the USA but the key word is ‘exchange’ – that is, in return, US financial institutions must also agree to provide information regarding their clients who are citizens of the country entering into the FATCA agreement with the USA. Imagine the mess this will cause for the large US banks and brokerage firms when they have to start reporting to foreign governments on their accounts for residents of these other countries.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Ron Paul: If You Like The Surveillance State, You’ll Love E-Verify
Moral of the Story: Tax Havens Are Okay if You’re a Politically Connected Leftist
The Will Of The People Doesn’t Mean Jack To Drug Warriors
The Cunningness of the CIA’s JFK Assassination Cover-Up
Richard Ebeling On the Coming Crash in China, On Hayek and Much More
The Government Is Lying to Us About Cybersecurity
Glenn Greenwald: Iran sanctions now causing food insecurity, mass suffering
What Are the Real Foes?
Ex-Black-Market Employee Believes Feds Only Woke A Monster
The "Essential" Role of Tax Havens
Airlines Merger: Competition vs. the Great Trusts
Peter Schiff: The Inevitable Collapse
The Case Against Gina Haspel, By CIA Agent Who Was Imprisoned For Exposing Torture
Egypt: What a Shame
Are You Ready for This Coming Disaster?