JULY 1,2014 BILL H.R.2847 BECOMES LAW...SOME PREDICT IT WILL BE THE END OF THE DOLLAR AS WE KNOW IT...MIXED REVIEWS ON THAT THEORY....HOW EVER....YOU SHOULD UNDERSTAND A SIDE EFFECT OF THIS LAW......One of the underreported but major risks to the U.S. economy stemming from FATCA is the potential for wide-scale disinvestment from the United States by foreign institutions seeking to avoid the IRS, penalties, and huge compliance costs. In fact, countless analysts and financial giants have said the 30-percent FATCA withholding tax represents a powerful incentive to get out of U.S. markets entirely. The implications for the stock market, bonds, the dollar, and more could be monumental........JUST SAYIN R3DN3CK....
Posted on: Mon, 21 Apr 2014 12:30:55 +0000
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