Re: Reaction to new US Tax Laws. European banks turn away US Customers.

2011-12-15 Thread Cameron Childress
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

Reaction to new US Tax Laws. European banks turn away US Customers.

2011-12-15 Thread Vivec
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