Posted Nov 13, 2015 by Martin Armstrong
The Bundestag in Germany has unanimously adopted the automatic exchange of financial data with all other states. Banks will be obliged to report information on credit, interest, and dividends from 2017 to the authorities. You can no longer get a credit card outside of the country. You live to pay taxes. Nobody wants to deal with the nightmare of keeping track of everyone. The costs have already exceeded $200 billion and are rising within the private sector so that these politicians can increase taxes on everything.