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Quote:
So FATCA was basically passed by Democratic FATCATS? What's to keep foreign banks from telling us to go bleep ourselves? "Foreign institutions and entities that refuse, or fail, to do so face bills for the taxes due, a draconian penalty of 40 percent of the amount in question and heightened scrutiny by the IRS." So you send me another bill 40% higher that I'm also going to ignore. Big whup. |