Re:Americans Renouncing Citizenship at Record High
by pzh on Saturday February 11, 2017 @01:21AM
(#13621351)
That's because Eritrea doesn't have the US's military, and its ability to project power is limited to sending a couple of goons to harass a few rich expats they're aware of.
Also, the stick that the US uses to enforce FATCA is the threat of a 30% penalty on all US-sourced income of the entities that fail to report. That and the threat of seizing funds, because any SWIFT transaction in US dollars always passes through the US, even if it is to send money from Germany to India.
Re:Americans Renouncing Citizenship at Record High
by jacobush on Saturday February 11, 2017 @02:23AM
(#13621577)
Actually Eritrea harasses quite a few ordinary people through a Stasi like network of regime loyal expats tasked with gathering intel on their brethren.
Also, the stick that the US uses to enforce FATCA is the threat of a 30% penalty on all US-sourced income of the entities that fail to report. That and the threat of seizing funds, because any SWIFT transaction in US dollars always passes through the US, even if it is to send money from Germany to India.