The HIRE Act which was passed in 2010, increased reporting requirements for US citizens holding assets overseas. They are now pursuing it aggressively.
If people don’t comply, they will seize all assets as they have already done in one case.
Martin Armstrong from ArmstrongEconomics.com gives the following advice, “…from an international perspective, the best advice I could tell people is that, is to get out. If you’re going to do business in the United States use an agent. Get your branches out of this country. It’s going to get far worse.”
Americans cannot even compete on an International scale because we start out with with much higher taxes…Read more: Financial Sense
ASK YOURSELF, ARE WE MOVING TOWARDS GOVERNMENT CONTROL OF PRODUCTION?