“Most FFIs aren’t anxious to go it alone with the IRS. It’s like Little Red Riding Hood negotiating with the Big Bad Wolf over what’s for breakfast. FFIs have therefore approached their respective governments and asked for help. A growing number of those governments have prostrated themselves before the IRS, offering to collect the information the IRS demands from their country’s banks and giving it to the IRS on a silver platter. Around 15 countries so far have signed up for this type of agreement with the IRS. And, believe it or not, that’s the good news for U.S. persons. Here’s why.”
http://www.nestmann.com/finally-some-good-news-about-fatca
Related posts:
California Court Of Appeal Expands Warrantless Motorist Blood Draws
Introducing Europe’s Frightening New Tax Directive
Standards Body Rejects NSA Encryption Algorithms, Citing Distrust
Berkeley: What We Didn’t Know
Sex Offenses, No Matter How Minor or Understandable, Can Ruin You for Life
General Wesley Clark: Wars Were Planned - Seven Countries In Five Years
Home Prices Continue to Soar; Best Gains Since 2006
Australian Gov Now to Seize People's Live Bank Accts – If 'Inactive'
The Bush-Obama Great Stagnation
How police are using corpses to unlock phones
Obama Encourages Rabble Rouser Sharpton
H.K. Politician's Son-In-Law Won't Face Charges For TSA Impersonation
Feds Crack Encrypted Drives, Arrest Child Porn Suspect
Which Countries Are Most at Risk from Internet Disconnection
California, New York and DC look to ban 3D-printed guns