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FSN: It Begins: IRS Launches International Data Exchange Service

Tuesday, January 13, 2015 18:48
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(Before It's News)

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

by Simon Black
Sovereign Man

Yesterday, the IRS announced the International Data Exchange Service.

If you’ve not heard of it, it’s is an outgrowth of the Foreign Account Tax Compliance Act (FATCA), which requires every single bank in the world to get in bed with IRS to share information about customers.

We’ve said this over and over, FATCA is probably the dumbest law in the history of the United States. And I don’t say that lightly, because there’s definitely stiff competition.

Like any other bankrupt government, the US government has taken to intimidating its own citizens and the entire world in an attempt to make ends meet.

Continue Reading at SovereignMan.com…



Source: http://silveristhenew.com/2015/01/13/it-begins-irs-launches-international-data-exchange-service/

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