Oh no this isn't good for future lottery winners thinking about moving money to offshore banks..

Reply #5

sully16 — Mon, 24 Mar 2014 20:11:19 GMT

Never ending supply of greed.

Reply #4

savagegoose — Mon, 24 Mar 2014 18:23:47 GMT

i guess you havent read the part where people leaving US citizenship and wanting to take their cash with them, face a witholding tax of i think %10, just incase the gov needs it later or can think of any reason th tax you after you are gone. so you want to leave and take your winnings? well thats an extra %10 thanks.

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Reply #3

Lucky Loser — Sun, 23 Mar 2014 02:04:30 GMT

FUNKY A$$ TAX COMPLIANCE AMENDMENT.

F A T C A

L.L.

Reply #2

Shelby Mustang — Thu, 20 Mar 2014 20:39:19 GMT

Why would you move your money offshore? It's bad enough we got bankers robbing us here, why would you subject yourself to being robbed abroad

Reply #1

whiteballz — Thu, 20 Mar 2014 18:47:31 GMT

FATCA will not be repealed.

Here is what some Americans are doing

http://www.forbes.com/sites/robertwood/2014/02/06/americans-renouncing-citizenship-up-221-all-aboard-the-fatca-express

Oh no this isn't good for future lottery winners thinking about moving money to offshore banks..

tony869 — Thu, 20 Mar 2014 17:36:19 GMT

The Foreign Account Tax Compliance Act (FATCA) is having a negative impact on the U.S. economy, U.S. financial markets, American businesses operating abroad and American citizens who work and reside overseas.

American Citizens Abroad (ACA) is working hard to educate the legislature and decision makers to inform them of the many dangers of FATCA. Recently legislators and the media have come out in strong opposition to FATCA, some advocate for repeal, others for revisions of the regulations. Al... [ More ]