it will affect everybody overseas in other countries
it will also affect those who do business with foreigners, wonder if that means me and Pete here on this web site when I send money to renew my Simviation subscription yearly
? You'll have to thoroughly research this, theres plenty of informative information out there, practically Google and plenty of YOU TUBE VIDEOS on FATCA.
FATCA is what the NEW Law is called.
it involves anybody & everybody who has a Bank Account, anywhere in any country - everybody !!!
I suppose that includes PAY PAL too
?? Quite complex but if your NOT aware of this it could cost ya a lot !
I'm only going to provide a few links for ya to get the Jest of it, you'll have to research on your own more about it.
FATCA TAX LAW takes effect July 1 2014 World Wide !!! (supposedly).
FATCA - from Switzerland : FATCA : https://www.youtube.com/watch?v=CRPpsLX7mNI
OMG : This you have to Watch : https://www.youtube.com/watch?v=yyQ6Rs_SEHM
make no mistake its not just Canadians but those in the UK, Australia everywhere !
Break down how it will affect other countries even tho your NOT a US Citizen : http://americansabroad.org/issues/fatca/
