As the US government disclosure continues to diminish and the government continues to refuse to find money missing from its coffers or explain why it has refused to produce audited financial statement for the last fourteen years, it creates more and more rules for everyone else to disclose the financial information of American citizens to it.
Excerpt: “Obama also planned to ask Congress to crack down on tax havens and implement a major shift in the way courts view guilt. Under Obama’s proposal, Americans would have to prove they were not breaking U.S. tax laws by sending money to banks that don’t cooperate with tax officials. It essentially would reverse the long-held assumption of innocence in U.S. courts.”
If financial institutions cooperate with Washington and disclose details when asked, Americans could invest anywhere they like.
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