95,000 Financial Institutions Enlist For FATCA

6 thoughts on “95,000 Financial Institutions Enlist For FATCA”

1. What they conveniently leave out is that every single one of the 95,000 was strong-armed and bullied into compliance under threat of sanctions of 30% penalty on all US transactions. What a farce. Would like to know how many institutions would have signed up without threat? ZERO. Don’t think what the IRS and treasury want you to think. These institutions all signed under the duress of the treasury penalties.

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2. Sadly, for most American Expat retiree’s living abroad we are now treated like plague infected customers. Since most of us are middle class clients were not a big source of revenue for the banks and they would rather just not deal with us. In the end the Expat will lose more of their money when they are forced to use high fee services to transfer money from the U.S to their overseas location.

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3. One thing for sure – DO NOT enter into any OVDP program. Even under the advice of a so called
   “Tax professional”. These compliance parasites are all opportunistic self serving thugs whose real interest lies in themselves, not with you.
   Best thing you can do is take an FBAR form, 1040 or the form of your choice, wipe your
   Cornhole with it , and send to Jack Lew, Koskinen, Lois Lerner or the
   Treasury , IRS representative of your choice. These people are subhuman robots programmed
   to do the will of an out of control
   Democratic initiative.

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4. Also if you are able – starve the beast. Adjust your accounts under 10 grand. Then you don’t have to report even. Keep your cash in your matress for awhile instead of paying towards a unethical immoral legislation of taxing by citizenship. Americans should have had RBT a looking time ago.
   The fact that the FBAR limit has not been touched in over 40 years means only one thing. Not to keep track and enforce but to keep artificially low to increase the chances of punitive monetary action against the very citizens of the USA. Keep your hard-earned money out of the pipeline for awhile. In time you will be able to put it back in and enjoy watching the beast starve during. FATCA
   is and will prove to be the joke it really is. It is a disgraceful affront to all foreign based Americans.
   Now you all know without question how much the Democratic Party respects your ambassadorship overseas. You all are expendable pariahs to be wrung, used and abused.

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5. Jim Atkins, don’t forget to give us an article on how your pussy UK brethren buckled to US pressure and were FIRST in line to get a_ss reamed with FATCA compliance. Your politicians are such a disgrace to be first to sign on to such a deal. You should be ashamed to have a prime minister in Cameron who bares his a_ss so willingly, spreads his buns and asks for more anal abuse from American democrats. Your prime minister is nothing but a cowardly pussy of the lowest degree.

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6. And you can all bet your cornholes the demise of the US $ has already begun. The next crisis.
   I know if I were China, Russia , France, Switzerland, I would plan and do all possible to divest away from the dollar all I could. The US is abusing the trust of being the holder of the worlds reserve currency and using it as a financial weapon against even allied countries. When the dollar is worth less than toilet paper I guess we can wipe our cornholes with that too .

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