Americans avoiding US taxes and stashing cash abroad are in trouble from July 1, when a new law forces institutions hiding money to report on their clients. The law will make business with Americans harder, but the US hopes it will raise billions.
The US Foreign Account Tax Compliance Act, or FATCA, comes into force on July 1 and requires foreign banks to hand over data on clients to the US International Revenue Service (IRS). If a bank does not report such information, it could be subject to a 30 percent withholding tax.
FATCA legislation, signed into law in 2010, requires overseas financial institutions to identify their American customers to the IRS. The law applies to any account with more than $50,000. Continue reading
The International Atomic Energy Agency (IAEA) has been caught agreeing in writing to conceal information from the world about the extent of danger, damage and health effects at the Fukushima Daiichi nuclear plant disaster in Japan. Turner Radio Network has obtained official copies of the agreements signed by the IAEA and the Fukui Prefectural Government as well as between the IAEA and Fukushima Medical University. We have the agreements, now YOU have them too!
In an astonishing development in the ongoing disaster at the Fukushima Daiichi nuclear power plant in Japan, TRN has obtained official copies of agreements between the International Atomic Energy Agency and official entities in Japan, wherein the parties agree to conceal information from the public about the degree of damage, danger(s) and health effects on humans of the largest nuclear disaster in human history. Continue reading