Banks are bracing for new U.S. regulations aimed at reducing tax evasion, which could affect...


Banks are bracing for new U.S. regulations aimed at reducing tax evasion, which could affect hundreds of billions of dollars worth of deposits in accounts across the globe. In response, some banks overseas are alerting customers their accounts will be closed, while U.S. banks are lobbying for changes to some of the proposals.

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Comments (1)
  • 7footMoose
    , contributor
    Comments (2229) | Send Message
     
    Let's enlist the banks as tax collectors. Then we can dismiss thousands of IRS Agents.
    29 Dec 2011, 05:32 AM Reply Like
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