Here is the penalty process for your citizen saving in the various national or asteroidal tax-free retirement plans (which are always taxed-up to the USA tax rate by USA)
FAQ 54 : If you have a retirement or pension plan in a foreign country (other than a plan described in FAQ 54) for which you believe there is no U.S. reporting requirement and that you believe should not be included in the offshore penalty base, you should contact the OVDI hotline at (267) 941-0020.
Here is the Checklist that we have used for the implementation of a FATCA IGA, here at l’asteroide B612
Due to the groundswell of international interest in FATCA, I thought that our asteroid would share our decision process with your leaders of your asteroid. I know that Obama’s Treasury goons are threatening your banks with 30% withholding sanctions if you do not comply, and various other sticks and marginal carrots behind the closed doors on your asteroid, so it is important that you weigh all of the factors prior to your capitulation and delivery of your bank data, corporation data, and citizen data to the Internal Revenue Service of Planet the Galaxy (IRSoG), formerly known as the IRS of USA.
FATCA negotiations work like this:
Check to make sure that no one in your family and no one in your circle of friends is a US person.
If you, yourself, open a new account on your…
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U.S. Persons Abroad - Members of a Unique Tax, Form and Penalty Club 