Jude's Threshold

A Tapestry Blog of Astrology, Politics, Art, and Social Concerns

Update on Swiss banks closing US accounts

Here’s an update from Bloomberg News on the hot button issue of the closing of foreign bank accounts held by Americans who have been able to avoid paying their US taxes – but is the jig really up?

Yet non-tax-evaders living and working abroad are in danger of having no place to bank at all if the IRS continues its long-overdue crackdown on such fraudulent practices which have been enabled by the Swiss banking system.

So perhaps Americans working in foreign lands will have to consider online banking as a solution to their ‘Americans are pariahs’ dilemma!

Not for me, thanks: but my own bank here can’t shut up about the joys and conveniences of online banking. In their dreams…do I look that gullible?

It will be interesting to see if the IRS sticks with its Sept 23 deadline for foreign accounts declarations, won’t it?

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