DENOUCNING YOUR AMERICAN CITIZENSHIP...FRIENDS, HAVE ANY OF YOU HEARD OF The Foreign Account Tax Compliance Act (FATCA) THAT GOES INTO EFFECT ON JULY 1ST 2014...IT WAS APPROVED BY CONGRESS AND SIGNED INTO LAW BY THE PRESIDENT...IN A NUT SHELL IF YOU ARE AN AMERICAN CITIZEN IN THIS COUNTRY OR RESIDING IN ANOTHER COUNTRY AND HAVE YOUR MONEY IN AN OFFSHORE FOREIGN BANK, THOSE FOREIGN BANKS MUST REPORT YOU TO THE IRS FOR PROPER TAXATION...THE END RESULT IS THAT THE NUMBER OF AMERICANS DENOUNCING THEIR AMERICAN CITIZENSHIP AND MOVING TO OTHER NATIONS IS UP 213 PERCENT...I WONT BOTHER YOU WITH THE HUGE LIST BUT ONE PERSON YOU ALL KNOW IS TINA TURNER..SHE GAVE UP HER AMERICAN CITIZENSHIP AND MOVED TO FRANCE AND BECAME A FRENCH CITIZEN TO ESCAPE AMERICAS CRUSHING TAX BURDEN....I NEVER THOUGHT I WOULD SEE THE DAY THAT AMERICANS WOULD BE DENOUNCING THEIR CITIZENSHIP, TAKING THEIR MONEY AND MOVING TO FOREIGN COUNTRIES...GEORGE THE PATRIOT..
Posted on: Tue, 22 Apr 2014 14:59:02 +0000
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