Wednesday, August 28, 2013

Privacy Gone on Offshore Assets

Privacy Gone on Offshore Assets 
James Hall – August 28, 2013
[snip]

Make no mistake about the implications of tracking down the last penny of treasure. The Caribbean buccaneers stole pieces of eight from the colonial empires who promoted the slave trade. Today the practice of trading on the flesh of labor is substituted with the taxation on the "financial assets" of the incarnated serfs that need to pay tribute to their feudal lord.

Through the Intergovernmental Agreement Model 1 & 2, the IGA provides for a partnership agreement between the U.S. and a FATCA Partnership jurisdiction, namely France, Germany, Italy and Spain with the United Kingdom first to sign the IGA agreement and model 2 IGA reflects the framework that was described in the joint statements by U.S. and Switzerland and U.S. and Japan.

Now this multilateral global financial compliance is spreading back to the islands of the erstwhile pirates. This go around is practiced by computer keystrokes instead of wheeling a saber. The significance of the Cayman, US agree on reporting of Americans' assets, is to eliminate one of the last refuges of financial privacy.

"The Cayman Islands says it has reached agreement with the United States to provide information on accounts held by American citizens to comply with a sweeping U.S. law designed to combat tax evasion.The British Caribbean territory, considered the world's sixth largest financial center and a major haven for mutual funds and private equity, said the texts of the new pacts will be made public once an official signing ceremony is held.

The Cayman government said the pacts are tied to a U.S. law called the Foreign Account Tax Compliance Act, which was enacted in 2010 and expected to take effect next year. The law targets non-tax compliance by U.S. citizens with foreign accounts around the globe, and Washington is pressing nations to provide client data."
Oddly reminiscent of "We have to pass the bill so that you can find out what is in it." Seems like the Pelosi logic extends to the Grand Cayman financiers . . . the moneychangers seldom service the discretion of their customers.

When the NSA scoops up every wire transfer, fax instruction or email message, who can maintain the privacy of their personal papers? Just because the technocratic dragnet stretches globally, the inalienable right of private property still maintains the moral high ground.

If FATCA is merely a legitimate cooperative coordination, many people would eagerly support closing the door on the wealth sheltering hidden assets in foreign depositories. However, the encompassing scope of defining financial assets to be whatever serves the interests of the taxman, should disturb every citizen.

Recollect how different our lives are today from a century ago before the Revenue Act of 1913. The past century has assaulted privacy rights to the point that the average person simply accepts that the government is acting properly. When filling out Form 8938 becomes routine, the surrender of what is left of your meager fortune is sealed.

 The greed of the real pirates never ends.

James Hall – August 28, 2013
article continues http://www.batr.org/negotium/082813.html
Discuss or comment about this essay on the BATR Forum

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KEEP IN MIND! proxy wars will continue to keep our minds off the Financial Crimes, Economic Espionage, Murder, Sedition, Treason etc., etc., committed by our leaders.

BY: V.K. Durham CEO Durham (Intl. Ltd;) Holding Trust. Tias 12087

Until the "cause" or the "beginning" of this crap is dug into and investigated properly proxy wars will continue to keep our minds off the Financial Crimes, Economic Espionage, Murder, Sedition, Treason etc., etc., committed by our leaders.

THEY FINALLY IDENTIFIED & TIED THE $240 BILLION TO BUSH & 9/11:  Fwd: Names are being named
https://www.youtube.com/watch?feature=player_embedded&v=RAAztWC5sT8#at=962


Finally!  After all these years the two $120 Billion Dollar unauthorized Prime Bank Collateral amounting to $240 Billion Dollars has been tied to the 9/11 WORLD TRADE TOWERS and the Bush Cabal.

MORE 9/11 CANTOR FITZGERALD, GOLDMAN SACHS, FED.  http://www.theantechamber.net/V_K_Durham/More911FinancialTerror.htm‎

 MORE 9/11 CANTOR FITZGERALD, GOLDMAN SACHS, FED. R., UST, BUSH ETAL 'FINANCIAL TERRORISM' By: V.K. Durham.


Jul 1, 2009 ... September 11 Commission Report Revised December 2008 - Free ebook download as Text file

UNTIL THE PERP.S ARE PROSECUTED; ITS ALL PURE 'BULL'.. WON'T GO ANYWHERE BUT 'GOSSIP PAGES'..

Subject: CIGA SCANDAL DOCS [this is the CIGA account information emailed to me by an Ambassador.  Sorry it is misspelled.  V.K. Durham, CEO Durham (Intl. Ltd) Holding Trust.  Tias 12087
http://www.tomflocco.com/Docs/Gs/GigaScandal.htm
(Note* Individual U.S. Treasury access numbers are assigned to the Rich and Famous such as Jorge Bush, The Clintons, various attorneys for various Trusts etc., when an account number has multi access.)]


  

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