Quote:
Originally Posted by u-Bob
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."
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Unbelievable! The IRS is nothing short of criminal. And now this government wants to run the entire world and they can?t even run our country?what a joke!
Hopefully, someday they will be handed their asses
