The Noose Is Tightening — Here’s How You Slip Out
You know, of course, that you have to report any financial accounts you hold outside the United States with a value of more than US$10,000. Now, though, foreign financial institutions are required to report on the investment activities of U.S. citizens. It’s been increasingly difficult for some time for an American to open an international account abroad, and Switzerland recently has taken the position that it doesn’t want to do business with Americans, period. Not worth the hassle. Options for Americans to protect their assets abroad are going to continue to disappear. If you aren’t already holding a sizeable portion … Continue reading The Noose Is Tightening — Here’s How You Slip Out