FATCA: The US Law That Made Every Bank in the World Report to the IRS

Описание: In 2010, the US passed a law that forced every bank on Earth to identify American clients and report their accounts to the IRS. If they refused? A 30% penalty on every dollar touching US markets. Over 110 countries complied. This is the story of FATCA.

From the UBS whistleblower scandal that exposed $20 billion in hidden accounts to the global compliance network that now covers virtually every financial center, FATCA reshaped international finance in ways no one predicted — including banks dropping millions of American clients overseas.

CHAPTERS:
0:00 Introduction
0:07 Cold Open
1:10 The Offshore Problem
2:02 The UBS Scandal
3:03 The Law
4:11 The Weapon
5:07 Global Compliance
6:11 The Bank Exodus
7:13 Collateral Damage
8:13 The Revenue
9:14 The Critics
10:13 The Global Offspring
11:15 CTA

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Topics covered: FATCA (Foreign Account Tax Compliance Act), offshore tax evasion, UBS scandal, IGAs (Intergovernmental Agreements), CRS (Common Reporting Standard), citizenship-based taxation, FBAR reporting, 30% withholding penalty, American expats, bank account closures

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