Well all I can surmise from that is that you don't know much of anything but figured having a go at America is the cool thing to do.
Oh do explain seems as you're such a cultured expert.
I dunno dude, but the guys running the projects I'm working on are taking it pretty damn seriously.
The US are going to be the first country to tax by citizenship. So even if you move and are working in another country and paying tax there, you still need to pay the US for the fact that you were born there. The EU is watching and taking notes. Every developed country is drowning in debt and would love to copy the model, so every country is playing ball with the experiment.
Is there any chance that this will come to the EU?
Only guessing but do you think our bankrupt govts. will pass up a chance to get a few more billion in if it works in the US? The only reason I can think for them not opposing this flow of data is that they want to copy it.
There is the massive chance that it will fail. I mean how are they going to process all this info, and even if they do how do they then go and get what they think people owe? There'll be a server farm the size of Texas and the army will find themselves retraining as debt collectors.
You're a day too late. It's rebounded already.Time to buy some Standard Chartered shares...
You're a day too late. It's rebounded already.
Oh they won't do it if you're still in the EU.
I'm not being anti-yank if anyone thought I was. At least they prosecute their wall st thieves, we give them knighthoods. I was just pointing out the new banking laws which are giving EU banks the phear.