
“The Geneva-based international group says that the 2009 OVDP in particular was ‘extremely prejudicial to Americans living overseas who sought to become compliant with their taxes due to errors or omissions under the OVDP. Believing they could come back into the system by simply filing the appropriate paperwork and paying any outstanding tax burden, these individuals were later told they would be hit with a standard penalty of 20% of the highest value of their bank accounts over a five-year period.'”
http://genevalunch.com/2013/06/04/irs-systematically-targeted-overseas-americans-update/
Related posts:
Spy Agencies Work On Psychologically Profiling Everyone
Twitter bot alerts for anonymous Wikipedia edits from Capitol Hill
Blockchain.info Generates $300,000 Monthly Revenue
Who Read 1,582-Page $1.1T Spending Bill? Congressman: 'Nobody Did'
Populist, Eurosceptic Party Takes Italy by Storm
Marc Faber: The Fed Will Increase QE
LBMA, IGE urged to end Iran-Turkey Gold trade
Lew Rockwell: Obama Has Gone Too Far
Justin Raimondo: Snowden a Hero to Americans
Buffett to Berkshire Shareholders: Be Prepared to Lose Half Your Money
U.S. States Push to Bring Back Gold Standard
$250,000 worth of Bitcoins stolen in net heist
Mike Hearn Talks About Bitcoin Extended Applications
Women Win Lawsuit After Being Violated During Roadside Search
Leahy Blocks Release of Some Mexican Drug War Aid