High taxes drive rich Americans to hide money overseas. They will find another way, and the money will still be inaccesible to the US "Tax and Waste" system.
-Cameron On Thu, Dec 15, 2011 at 10:04 AM, Vivec <gel21...@gmail.com> wrote: > > http://www.spiegel.de/international/business/0,1518,803742,00.html > > European banks are dumping clients with US citizenship due to a new > American law meant to curb tax evasion. The law would require financial > institutions around the world to report on certain client activities. > Compliance, say many banks, is way too expensive. > > German financial institution HypoVereinsbank has informed its customers > that it will no longer offer certain services to its US-based clients or to > US citizens as of Jan. 1. Deutsche Bank told the paper that it already > cancelled such accounts held by American citizens in the middle of 2011. > Germany's second largest bank, Commerzbank, is considering a similar move. > Customers with normal checking or savings accounts in Germany are not > affected, however. > > British banking giant HSBC has also reported that it will no longer serve > US investors as has the Swiss bank Credit Suisse. > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:344643 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
