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IRS To Expand Financial Surveillance With Crackdown On Offshore Accounts
Kit Daniels infowars.com Set to begin July 1, the Foreign Account Tax Compliance Act (FATCA) grants the IRS broad powers to coerce foreign financial institutions (FFIs) to snitch on their American clients, effectively turning them into agents of the IRS. But the law has nothing to do with tax evasion whatsoever. Rather, by scaring FFIs away from doing business with American investors, it will force many Americans to keep their investments inside the U.S. where they are more easily monitored, according to Porter Stansberry, the founder of theStansberry & Associates Investment Research Conference. to read more: infowars.com
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