Originally posted by vgabndo
Once again, Ma'am you guess wrong!
Congress enacted FATCA to make it more difficult for U.S. taxpayers to conceal assets held in offshore accounts and shell corporations, and thus to
recoup federal tax revenues.
The people who will be most effected by this, in a financial way, are Federal Express and General Electric and other mega-corporations who PAY NO U.S.
TAXES, or pay WAY less than their fair share because they were previously able to hide their profits in secret off-shore accounts.
There has been a hue and cry to close the tax loop holes used by the 1% and their paper shuffling buddies. This is it, and naturally the Banksters who
have been laundering this money are singing a sad song. (or just closing accounts)
No, I wouldn't be interested in how you managed to make a connection with immigration policy. |