Bitcoin Forum
December 06, 2016, 12:31:48 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: U.S. Millionaires Told Go Away as Tax Evasion Rule Looms  (Read 914 times)
idev
Hero Member
*****
Offline Offline

Activity: 846


View Profile WWW
May 09, 2012, 01:56:09 PM
 #1

Go away, American millionaires.

That’s what some of the world’s largest wealth-management firms are saying ahead of Washington’s implementation of the Foreign Account Tax Compliance Act, known as Fatca, which seeks to prevent tax evasion by Americans with offshore accounts. HSBC Holdings Plc (HSBA), Deutsche Bank AG, Bank of Singapore Ltd. and DBS Group Holdings Ltd. (DBS) all say they have turned away business....

Source: bloomberg
1481027508
Hero Member
*
Offline Offline

Posts: 1481027508

View Profile Personal Message (Offline)

Ignore
1481027508
Reply with quote  #2

1481027508
Report to moderator
1481027508
Hero Member
*
Offline Offline

Posts: 1481027508

View Profile Personal Message (Offline)

Ignore
1481027508
Reply with quote  #2

1481027508
Report to moderator
1481027508
Hero Member
*
Offline Offline

Posts: 1481027508

View Profile Personal Message (Offline)

Ignore
1481027508
Reply with quote  #2

1481027508
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481027508
Hero Member
*
Offline Offline

Posts: 1481027508

View Profile Personal Message (Offline)

Ignore
1481027508
Reply with quote  #2

1481027508
Report to moderator
Stephen Gornick
Legendary
*
Offline Offline

Activity: 1988



View Profile
May 09, 2012, 08:16:55 PM
 #2

Put your money in AAPL then.  They have no problem with funds overseas:

Quote
Apple allocates 70% of its profits outside the U.S. note that the value is created in the US, but the low end manufacturing is overseas.

The “Double Irish With A Dutch Sandwich” routes royalties and profits through Ireland and the Netherlands and the Caribbean. On paper, Ireland “generated” one-third of Apple’s revenue last year.

 - http://www.ritholtz.com/blog/2012/04/ieconomy-part-3-the-corporate-tax-dodge/

 - https://www.commondreams.org/view/2012/05/07-2

BTC_Bear
B4 Foundation
VIP
Sr. Member
*
Offline Offline

Activity: 364


Best Offense is a Good Defense


View Profile WWW
May 09, 2012, 08:24:07 PM
 #3

Go away, American millionaires.

That’s what some of the world’s largest wealth-management firms are saying ahead of Washington’s implementation of the Foreign Account Tax Compliance Act, known as Fatca, which seeks to prevent tax evasion by Americans with offshore accounts. HSBC Holdings Plc (HSBA), Deutsche Bank AG, Bank of Singapore Ltd. and DBS Group Holdings Ltd. (DBS) all say they have turned away business....

Source: bloomberg


Well millionaires/billionaires would have no problem renouncing citizenship without loosing (and perhaps gaining) advantages of doing so.

I am sure there are lots of countries that would grant citizenship to those millionaires and billionaires. Some might even fast track the process down to a couple of days.

Perhaps we need to add to the statue of liberty's quote:

"Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tost to me,
I lift my lamp beside the golden door!"
and you can have our rich and wealthy in exchange.


Corporations have been enthroned, An era of corruption in high places will follow and the money power will endeavor to prolong its reign by working on the prejudices of the people until wealth is aggregated in a few hands and the Republic is destroyed. ~Abe Lincoln 1ApJdWUdSWYw8n8HEATYhHXA9EYoRTy7c4
Phinnaeus Gage
Legendary
*
Offline Offline

Activity: 1302


Bitcoin: An Idea Worth Spending


View Profile
May 10, 2012, 01:03:12 AM
 #4

Quote
“People should know, and the IRS should know, what money is being held offshore and for what purpose,” Neal said. “I don’t think there’s anything unreasonable about that.”

Has the US lost it's fuckin' mind?

Seriously!

Has the US lost it's fuckin' mind?

Seriously! Damn, no 200pt font size.

check_status
Full Member
***
Offline Offline

Activity: 196


Web Dev, Db Admin, Computer Technician


View Profile
May 10, 2012, 02:35:13 AM
 #5

Don't worry, imperialism will be here shortly, no grease for anybody.

For Bitcoin to be a true global currency the value of BTC needs always to rise.
If BTC became the global currency & money supply = 100 Trillion then ⊅1.00 BTC = $4,761,904.76.
P2Pool Server List | How To's and Guides Mega List |  1EndfedSryGUZK9sPrdvxHntYzv2EBexGA
Phinnaeus Gage
Legendary
*
Offline Offline

Activity: 1302


Bitcoin: An Idea Worth Spending


View Profile
May 12, 2012, 03:01:48 PM
 #6

Don't worry, imperialism will be here shortly, no grease for anybody.

Thanks, bud, for I feel better now.

~Bruno~
cbeast
Donator
Legendary
*
Offline Offline

Activity: 1722

Let's talk governance, lipstick, and pigs.


View Profile
May 12, 2012, 03:22:08 PM
 #7

They should go to China to live near their factories. The honest ones have nothing to worry about. Only the scoundrels that cheat the system are executed there. In America they are celebrities that write books.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!