And just about every nation on the planet. All have signed on to FATCA, except possibly N. Korea. China and Russia have. The OECD came after FATCA and is at present, less intrusive, but still more than ugly enough. What most do not know, this is the “Finacial Transparency” they are clamoring for. In reality, it means every single transaction we little people is 100% transparent for any who wish to see what we spend our money on, when and where. And most know nothing about any of it. I myself, know of some of it but have bits and pieces here and there that leads me to believe that what I know is just a small fraction a of what is already in place with more and worse to follow.
FATCA, no as that is mainly a requirement for financial institutions. Not filling FBARs, which would be discovered by their banks abroad filing FATCA reports would get you and I in big trouble but not them, nor the Clintons, nor Obama nor Romney nor any other swamp dweller.
FBAR deficiencies are part of what got Paul Manafort in trouble.
And just about every nation on the planet. All have signed on to FATCA, except possibly N. Korea. China and Russia have. The OECD came after FATCA and is at present, less intrusive, but still more than ugly enough. What most do not know, this is the “Finacial Transparency” they are clamoring for. In reality, it means every single transaction we little people is 100% transparent for any who wish to see what we spend our money on, when and where. And most know nothing about any of it. I myself, know of some of it but have bits and pieces here and there that leads me to believe that what I know is just a small fraction a of what is already in place with more and worse to follow.
Remember that the Feds got to Al Capone on tax evasion.
Do you think that the Biden family might be taken down on FATCA evasion?
FATCA, no as that is mainly a requirement for financial institutions. Not filling FBARs, which would be discovered by their banks abroad filing FATCA reports would get you and I in big trouble but not them, nor the Clintons, nor Obama nor Romney nor any other swamp dweller.
FBAR deficiencies are part of what got Paul Manafort in trouble.