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TOXIC AMERICANS — ACCIDENTAL AMERICANS CAUGHT IN IRS NET

Up until recently, it was unthinkable that the USA or any country could pass laws and regulations that would be binding on companies or banks located abroad –especially if those banks had no offices nor places of business inside the USA. But after their success in collecting nearly a billion dollars in fines from the giant Swiss Bank UBS, the USA decided it could take on all the banks of the world with the dreaded new law—- FATCA.

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