Looting your country, of course, is a bad thing.
Financial privacy, on the other hand, is a good thing. In many countries it is a matter of personal security to keep your personal finances private.
And, for me, there is no personal freedom without financial privacy. Not in the world as we know it.
And, for me, there is no personal freedom without financial privacy. Not in the world as we know it.
Well said!
Most people don't know that the USA is the only 1st world nation that taxes it's citizens on economic activity they undertake outside the USA. FATCA requires foreign banks to report on all American citizens private accounts and the penalties are very high for the banks if they make a mistake. As a result, if you are a honest businessman it has become very difficult to open an account outside the country.