Quote:
Originally Posted by Nikki_Licks
If I lived in Canada with dual citizenship, had not filed taxes on money the IRS thinks they deserve And the IRS could not do a thing about it, then I would totally enjoy standing across the border and giving them what they so deserve...."The Finger"
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they've thought about that:
Starting in 2013 ? or 2014 if an exemption is granted ? every bank in the world will be required to report to the IRS all accounts held by current and former US citizens. If account holders refuse to provide verification of their non-US citizenship, the banks will be required to impose a 30 percent tax of all payments or transfers to the account on behalf of the IRS. Banks that do not comply will "face withholding on U.S.-source interest and dividends, gross proceeds from the disposition of U.S. securities, and pass-through payments."