South American countries have many reasons to be jealous of the United States. Most days, we have stable federal government. Our standard of living is mind-blowing for many people in impoverished countries. They view us as the land of opportunity. We argue about our health care system, but almost everyone gets the care they need. Add to all this, with FATCA we have found a very effective way to bully foreign governments and financial institutions into giving us previously unobtainable information on U.S. taxpayers. This allows the IRS to make sure they are collecting every possible dollar from U.S. taxpayers who have offshore assets.
A Brief History of Offshore Banking
In the not too distant past, wealthy Americans and wannabe wealthy Americans found it Read more