The Twin Arms
of Financial Control Bringing in World Financial Doom and the MARK OF
THE BEAST
1) Consumer Financial Protection Bureau (CFPB) Formed July 21, 2011
2) The Foreign Account Tax Compliance Act (FATCA)
1) The CFPB gives virtually complete tracking of All Financial Transactions except for CASH or Barter
2) The FATCA encourages all NON-USA Companies to Dump ALL US Partnerships and Investment in USA Companies or face Heavy USA Regulation, If an
institution does not comply, the U.S. will impose a 30% withholding tax on all its transactions concerning U.S. securities, including the proceeds of sale of securities.
————————————————————
?
Consumer Financial Protection Bureau (CFPB) Formed July 21, 2011
The jurisdiction of the bureau includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief
services, debt collectors and other financial companies, and its most pressing concerns are mortgages, credit cards and student loans, according
to Director Richard Cordray.[3][4] It was designed to consolidate employees and responsibilities from a number of other federal regulatory bodies,
including the Federal Reserve, the Federal Trade Commission, the Federal Deposit Insurance Corporation, the National Credit Union Administration
and even the Department of Housing and Urban Development.[5]The bureau is an independent unit located inside and funded by the United States
Federal Reserve, with interim affiliation with the U.S. Treasury Department. It writes and enforces rules for financial institutions, examines
both bank and non-bank financial institutions, monitors and reports on markets, as well as collects and tracks consumer complaints.
————————————————————
?
FATCA requires foreign financial institutions (FFI) of broad scope
- banks, stock brokers, hedge funds, pension funds, insurance companies, trusts – to report directly to the IRS all clients’ accounts owned by U.S. Citizens and U.S. persons (Green Card holders).
Starting July 1, 2014, FATCA will require FFIs to provide annual reports to the Internal Revenue Service (IRS) on the name and address of each U.S. client, as well as the largest account balance in the year and total debits and
credits of any account owned by a U.S. person.
If an institution does not comply, the U.S. will impose a 30% withholding tax on all its transactions concerning U.S. securities, including the proceeds of sale of securities.
In addition, FATCA requires any foreign company not listed on a stock exchange or any foreign partnership which has 10% U.S. ownership to report to the IRS the names and tax I.D. number (TIN) of any U.S. owner.
If you thought that Americas economy suffered under USA Companies and Individuals battling with the IRS, Just see how fast the World runs away
from the USA when they see the COST of Dealing with this New World Order contrived monster for themselves.
Virtual Currencies are now being allowed to exist when only a few years ago the FEDS shut down Liberty Dollar for Selling people real, Gold, Silver Coins that HAD REAL Value.
These Virtual Currencies Can be Tracked and Taxed.
1) Consumer Financial Protection Bureau (CFPB) Formed July 21, 2011
2) The Foreign Account Tax Compliance Act (FATCA)
1) The CFPB gives virtually complete tracking of All Financial Transactions except for CASH or Barter
2) The FATCA encourages all NON-USA Companies to Dump ALL US Partnerships and Investment in USA Companies or face Heavy USA Regulation, If an
institution does not comply, the U.S. will impose a 30% withholding tax on all its transactions concerning U.S. securities, including the proceeds of sale of securities.
————————————————————
?
Consumer Financial Protection Bureau (CFPB) Formed July 21, 2011
The jurisdiction of the bureau includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief
services, debt collectors and other financial companies, and its most pressing concerns are mortgages, credit cards and student loans, according
to Director Richard Cordray.[3][4] It was designed to consolidate employees and responsibilities from a number of other federal regulatory bodies,
including the Federal Reserve, the Federal Trade Commission, the Federal Deposit Insurance Corporation, the National Credit Union Administration
and even the Department of Housing and Urban Development.[5]The bureau is an independent unit located inside and funded by the United States
Federal Reserve, with interim affiliation with the U.S. Treasury Department. It writes and enforces rules for financial institutions, examines
both bank and non-bank financial institutions, monitors and reports on markets, as well as collects and tracks consumer complaints.
————————————————————
?
FATCA requires foreign financial institutions (FFI) of broad scope
- banks, stock brokers, hedge funds, pension funds, insurance companies, trusts – to report directly to the IRS all clients’ accounts owned by U.S. Citizens and U.S. persons (Green Card holders).
Starting July 1, 2014, FATCA will require FFIs to provide annual reports to the Internal Revenue Service (IRS) on the name and address of each U.S. client, as well as the largest account balance in the year and total debits and
credits of any account owned by a U.S. person.
If an institution does not comply, the U.S. will impose a 30% withholding tax on all its transactions concerning U.S. securities, including the proceeds of sale of securities.
In addition, FATCA requires any foreign company not listed on a stock exchange or any foreign partnership which has 10% U.S. ownership to report to the IRS the names and tax I.D. number (TIN) of any U.S. owner.
If you thought that Americas economy suffered under USA Companies and Individuals battling with the IRS, Just see how fast the World runs away
from the USA when they see the COST of Dealing with this New World Order contrived monster for themselves.
Virtual Currencies are now being allowed to exist when only a few years ago the FEDS shut down Liberty Dollar for Selling people real, Gold, Silver Coins that HAD REAL Value.
These Virtual Currencies Can be Tracked and Taxed.
Anonymous
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