DELTA: FAMILY:THE CBI JUST ADDED IN THE ARABIC SIDE UNDER CURRENCY PAGE:
The Foreign Account Tax Compliance Act (FATCA).
CAN YOU TELL ME FAMILY WHY THIS NEWS IS HUGE FOR OUR INVESTMENT?
I WILL TRY TO TALK ABOUT IT ON MONDAY CC WITH FRANKIE. DELTA
Billuke: In a nutshell, the US wants to know where US citizens have money deposited in foreign accounts, or the US will not do business with them. In other words, no more “secret Swiss Bank Accounts”. The CBI will now have to comply with FACTA, to be truly “international” because a change is coming.
Pilgrim17: ..maybe it has to do with accountability…for all that mooola…that will passing through their hands…taxes…taxes…taxes…they must have their share…
JustinandDeb: Because we as foreign investors will be able to open bank accounts and invest our money in Iraq. But why would you at a program rate
Toyvp: Internationally connected
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Frank36: Can I answer the question DELTA ? ……………………
Many in the past have asked me when purchasing Foreign Currency ………. Why is it that the UST wants a copy of their ID? I say to them ………… For a good reason.
Our government wants You to pay all Your taxes to them.
CC Tomorrow will once again …………… Help many.
KTFA FAMILY ………… It is The Lord’s Day…………. May You and God do something Great today.
Aloha ………… \m/ KTFA Frank
