“All the banks in the world are incurring these costs so that the USA can collect $870 million more in taxes from people who are citizens of other countries and who are living in their own countries.”
FATCA is now being used as a sanction against countries who defy U.S. foreign policy objectives.
U.S. senators urge Treasury to keep halt on Russia tax talks http://reut.rs/1hOTgyH via @reuters – Yup, it’s a #FATCA
(correction the date is today, 25 March, and nothing else)
Sweden meets today to accept US law to govern taxation of Swedish citizens living in Sweden, today at 11 am. If not, USA will apply 30% economic sanctions upon Swedish banks. Most affected are those persons such as Leonore Lillian Maria, whose parents forced them to be Born in the USA. There will not be discussions about any such persons, as the Obama administration has strictly instructed Sweden that those issues will not be discussed. Only the banking association and th…e American accounting firms will be present (KPMG, PWC, osv) and participate as demanded by the administration of President Barack Obama. After the meeting, the media will inform you that Sweden has discussed tax evasion (which is, uh, by the way, people nearly like Leonore Lillian Maria, except that they have little money, they are not rich…
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