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 wrote:
>
> http://www.spiegel.de/international/business/0,1518,803742,00.html
>
> Euro
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