3% of American expats want to give up their passport
11-12-2014, 08:50 PM
It's been covered, but simply put, it is within their economic interest to cooperate, mostly (as you deduced).
Absent a desire to cooperate, the foreign banks just phase out the few American consumers they have in order to get greedy Uncle Sam and his IRS stooges off of their backs and get on with life.
Absent a desire to cooperate, the foreign banks just phase out the few American consumers they have in order to get greedy Uncle Sam and his IRS stooges off of their backs and get on with life.