if your bank is in a tax haven that does not disclose personal info to the recipients government. and does not agree to in the future, then expect wire transfer costs to increase for you. if the banks involved in your transfer are both in the data exchange agreement. then dont expect issues
Also, slightly off-topic, does anybody know how you'll go about paying someone (wiring them $) with these rules in place?
well in short the US government have told these forex guys to soon only deal with other international banks with the current cheap fee's if the banks provide customer data (no more tax havens basically) or be charged 30%
so what will we see:
in europe anyone can deposit their euros to Kraken and then convert to bitcoin. then move bitcoin to an american counterparty who will cash out via their american bank account into the american recipient you want. and vice versa while avoiding the IRS tracking and avoiding the 30% carge
basically bitcoin WILL become the new tax haven as the cheap method of international transfer for people hiding from the tax man,