The Phaserl


77,000 foreign banks to share tax info with IRS

from CNBC:

More than 77,000 foreign banks, investment funds and other financial institutions have agreed to share information about U.S. account holders with the IRS as part of a crackdown on offshore tax evasion, the Treasury Department announced Monday.

The list includes 515 Russian financial institutions. Russian banks had to apply directly to the IRS because the U.S. broke off negotiations with the Russian government over an information-sharing agreement because of Russia’s actions in Ukraine.

Nearly 70 countries have agreed to share information from their banks as part of a U.S. law that targets Americans hiding assets overseas.

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2 comments to 77,000 foreign banks to share tax info with IRS

  • Enuff

    It’s game over folks. We have no where left to go to escape this tyranny.

  • The Truth

    I will believe it when I see it. These lying SOB on CNBS always push the FEAR Porn. Sick of these snakes. All this is to keep people in FEAR(False Evidence Appearing Real). The world is not as small as people think. Lies, lies and more damn lies. This country is falling and does anyone think their policies abroad will stand? One will be a fool to believe so.

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