> Nobody can explain why the IRS has suddenly decided to enforce this law, which is aimed at money-launderers with offshore bank accounts. I guess the Americans need the money.
I don't think the law is necessarily aimed at criminals. The law is primarily sold as targeting people who try to avoid or evade taxation by keeping significant wealth and income overseas.
In any case, the reason for renewed vigour in enforcing the law is clear: the federal government is spending record amounts of money and needs to milk every source of income it can.
I don't think the law is necessarily aimed at criminals. The law is primarily sold as targeting people who try to avoid or evade taxation by keeping significant wealth and income overseas.
In any case, the reason for renewed vigour in enforcing the law is clear: the federal government is spending record amounts of money and needs to milk every source of income it can.
edit: fix typos