New US Law: 30% tax on outgoing capital flows
- Thread starter kxvid
- Start date
Quote from Scataphagos:
Or, perhaps the laws intend to discourage US citizens' money from leaving the country so that the Federal government can, one way or another, confiscate it.
exactly.slowly, but surely US citizens became slaves with no place to run or hide..the borders are closed, you can't travel to a canada with just a driver license and it's takes forever to get your travel passport
I'm no fan of this bullshit beauracracy monster we're ALL having to deal with these days either but for fucks sake I'm getting sick of the retards who don't fact check what they say. Wish more people like you were on these forums cstfx because these right wing nutters piss me off and I'm very much a Libertarian.
"Capital controls"? Bureaucratic heavy-handed disclosure rules, yes. But that isn't capital controls. From what I see, there are no restrictions there on taking money out of the USA. There is no unilateral withholding tax increase. They are being heavy-handed in trying to stop tax evasion by US citizens. They are not even taxing foreign or domestic capital on exit from the USA, let along outlawing it.
So why the capital controls headline? Unless I've missed something, it looks like more poorly-checked hyperbolic attention seeking from Zerohedge, which is becoming more and more like a conspiracy-theory obsessed rumour mill, and less a place of genuine financial reporting, as each day goes by.
So why the capital controls headline? Unless I've missed something, it looks like more poorly-checked hyperbolic attention seeking from Zerohedge, which is becoming more and more like a conspiracy-theory obsessed rumour mill, and less a place of genuine financial reporting, as each day goes by.