Fatca: The Menace You’ll Hear About in 2012
This week both the New York Times and the Wall Street Journal had reports on the hubbub being created worldwide by a new U.S. law that is virtually unnoticed within our borders. It is the Foreign Account Tax Compliance Act of 2010, or Fatca. The problem originates in U.S. government efforts to prevent future offshore-banking [...]
USA Justice Dept. confirms that most intrastate online gambling is legal
By Josh PetersonPublished: 12:00 AM 12/28/2011 | Updated: 6:13 PM 12/28/2011 The Department of Justice has confirmed the reversal of a long-standing precedent that applied a 1961 federal gambling law to Internet gambling. The DOJ now considers non-sport intrastate gambling legal, a victory for state lotteries. The 1961 Wire Act prevents “wired” bets from taking [...]
Preppers Are Now Considered To Be Potential Terrorists?
The American Dream December 10, 2011 If you and your family store up lots of food, will you be identified as “potential terrorists” by law enforcement authorities? That sounds like an insane question, but sadly it has gotten to the point where “preparing for the worst” has become a “suspicious activity”. Today, there are millions [...]
Public outcry “set to topple banking secrecy”
Switzerland’s prized banking secrecy, already under pressure from multiple countries, faces its biggest threat from public opinion, according to a tax haven expert. The global economic crisis has triggered a public outcry against tax havens which is here to stay, journalist and author Nicholas Shaxson told swissinfo.ch. Shaxson believes that Switzerland – and other global [...]
