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by letitleak
3644 days ago
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Foreign Banks will refuse you service if they discover you are a US person with no intention/ability to comply. If they don't they face tax penalties on any US holding and possibly local penalties due to treaties with the US. *Over time the US will enlist more and more help with these kinds of methods (for example many foreign employers would have obligations from paperwork they signed to accept US customer payments) so at some point you will probably have to come into compliance if you aren't somewhere totally at odds with the US. |
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