patrick.net

If there was any question about why the phrase "ugly American” is popular all over the world, recent threats by the U.S. Treasury department should clarify the answer. In an act of financial imperialism, over 100,000 global financial institutions have been warned they must report any accounts held by American citizens, immigrants or those with U.S. work permits to the U.S. Internal Revenue Service or face a 30% withholding tax on their U.S. earnings.

http://www.globaldeflationnews.com/u-s-treasury-threatens-tens-of-thousands-of-foreign-banks-to-rat-on-u-s-account-holders-or-face-stiff-fines/