But telling other businesses in other countries how to run their business may find them telling you to fuck off. As more and more banks in other countries are doing. But watch the spin now... 'hiding assets' and 'war on terror' and all kinds of buzzwords to sort of infer that those living abroad are somehow not paying their 'fair share'... no trial, no investigation even... just a brutish, thuggish attack on fellow Americans. Or at least people with the same citizenship.
Toxic Citizens? - WSJ.com
"The U.S. government – under a new law incorporated in the Hiring Incentives to Restore Employment Act signed by President Barack Obama on 18 March 2010 – is demanding that international financial institutions reveal which of their clients are U.S. citizens with accounts of more than $50,000. Foreign banks are, in effect, being asked to act as the international enforcement arms of the Internal Revenue Service. Those banks that don't comply will be subject to a 30% withholding tax on all payments made to them in the U.S. Many banks and wealth managers have decided it is far easier to politely show their U.S. clients the door"
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