“Financial institutions, trade groups, scholars and members of Congress have raised an array of concerns, starting with the cost of creating the complex computer systems needed to track Americans’ accounts. In addition, tax havens like China, Panama and Russia have yet to sign on. And American banks are unhappy about a Treasury Department pledge to foreign banks, not part of the original law, to require American financial institutions to share data with other countries about foreign investors who have accounts in the United States.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Police Officers Selling Freedom for Cash
Congress poised to jam through reauthorization of mass surveillance
Navy SEAL Author’s Profits Can Be Seized
After riots, Mohamed Morsi declares emergency in three Egyptian cities
Cyprus Asks Creditors to Help Biggest Bank
Welfare States: Federal Grants Now a Third of State Revenue
Indian government seeks gold purchase information from jewellers
IRS targets First Caribbean International Bank thanks to 'voluntary disclosure' program
Treasury Secretary Sends Warning on Debt Limit
Why parents are more paranoid than ever
China Shows How to Destroy a Market
Fed looks at imposing exit fees on bond funds
China Gold Output Seen Rising to Record by Mining Group
President Obama: 'I Have Not Made a Decision' on Syria
President Obama Calls for Conscience Vote On Syria, Even If Public Opposed