zaterdag 5 juli 2014

FATCA comes into effect

The Foreign Account Tax Compliance Act (FATCA) has officially come into effect this week. Now all you tax evaders will be revealed. To evade paying U.S. taxes by hiding assets in undisclosed foreign bank accounts is not possible anymore.

But even worse it imposes a 30% witholding tax on U.S. foreign assets. What does this mean? It means that foreigners won't get involved with the U.S. anymore. And the U.S. can't send money to foreigners without disclosing everything. We get a divestment of the U.S. The same goes for U.S. deposits. The result? Bank deposit runs in the U.S.

The de-dollarization is going into effect...

For more info: read this.

Geen opmerkingen:

Een reactie plaatsen