COMMENT: Hi Martin, In Singapore and Hong Kong, everyone who wants to open a bank account or brokerage account have to fill in a FATCA form regardless of their nationalities. If you don’t know how to fill in the form, you have to engage your lawyer to advice you on how to fill it up […]

Believe it or not, a bell ringer in Britain (someone who rings the church bells) sought to move the account of their association. He had to fill out a form to open a bank account and it had to comply with U.S. law. He ticked on a box “no” when asked “Does your business generate more than 50pc of […]

  Senator Rand Paul this month introduced a bill to repeal FATCA. This Foreign Account Tax Compliance Act is by far the single worst act in history and it is primarily the cause of setting in motion a global depression of untold proportions. If we do face a Dark Age, this will be the very […]

  The United States began the hunt for Americans worldwide with the assumption that anyone doing business outside the USA must be to hide money. They cannot grasp that there is world out there nor do they contemplate the fact that taxing Americans even though they do not live in the USA reduces them to […]

The horror stories from Americans around the world are just unbelievable. The IRS and FATCA are hunting people everywhere. This is part of the Decline & Fall of the United States. Whenever a government turns against its own people for taxes to sustain its life, the end is never far behind. This is part of […]

  The single worst law ever passed was FATCA. The damage this single act has already had is startling. Americans are being denied business accounts everywhere outside the USA. This is contributing to the demise of the USA as the Financial Capital of the World setting the stage for the passing of that title to […]

At G20 last year, all governments agreed to report everyone everywhere to their host countries for tax purposes. The hunt for taxes is destroying the world economy at a staggering rapid pace and this is far worse than even I had anticipated when we first forecast BIG BANG would hit 2015.75 back in 1985. Here […]

There was nearly a 50% jump in the number of Americans rushing to renounce their citizenship. It is more than just not paying taxes, the FATCA rules are so outrageous, Americans have been thrown out of everywhere from Asia to Europe. Plain and simple, FATCA is destroying the American capability to deal internationally. People who […]

One reader writes from Belgium: I’m a Belgian but worked  in the USA during  1987-1990 on an  expat assignment . My daughter was born in the USA and therefore has dual nationality ( USA  and  Belgian Citizenship). She is now 26 years old.  Her bank called a few weeks ago and told her  that they wanted to close her bank account […]

  In the land of the free and home of the brave, we just have to concede, the constitution is just a fictional story for children. It has been buried long ago and what remains above the sand is just for show. It now seems the only way for Americans to get a fair hearing about […]