The Rumor Mill News Reading Room
Privacy Gone on Offshore Assets
Posted By: SARTRE
Date: Wednesday, 28-Aug-2013 05:54:56
When struggling consumers hear about offshore banking, they naturally think such assets only apply to the rich. Secret bank accounts issued in the name of a confidential number, often portrayed in mystery movies, are less prevalent than a stake in an oversea property estate. Cash in a financial institution is an easy reporting task for foreign banks. Although, most Americans do not possess such wealth, many do have an interest in real property or chattel ownership in portable entities that are outside the physical soil of the country. Even if you are not one of these fortunate beneficiaries, the principle behind the (FATCA) statue can certainly apply a broad interpretation domestically.
Read the entire article on the Negotium archive page
http://www.batr.org/negotium/082813.html
Discuss or comment about this essay on the BATR Forum
http://forum.batr.net/showthread.php?tid=3302
|
No comments:
Post a Comment