United States as a gigantic octopus dissolves its tentacles all around the world. Almost every European financial institution is required to disclose and to submit information about its U.S. citizens accounts. It seems that only a desperate American will open account overseas without properly declaring it to IRS. Sooner or later all regions and countries are going to join FATCA. And there is not many options left for them: to sign or to have troubles with their accounts.
Irina Lomakina ( Director of Moscow Office, Honest&Bright. )
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