Quote:
andrewmitch wrote:
In January of 2003, the United States Department of Treasury announced a new information-sharing agreement under the already extant U.S.-Swiss Income Tax Convention; the agreement is intended to facilitate more effective tax information exchange between the two countries. Said a Treasury official, "This Mutual Agreement should improve our (Internal Revenue Service) access to needed information" under the terms of the tax treaty.[28]
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That doesn't sound good =D. I'm of the mind that foreign banks and businesses would refuse to do business directly with a U.S. citizen.