Posted on November 13, 2015 by Martin Armstrong
The Bundestag in Germany has now unanimously adopted the automatic exchange of financial data with all other states. Banks will be obliged to report information on credit, interest and dividends from 2017 to the authorities. You can no longer get a credit card outside of the country you live and pay taxes. Nobody wants to deal with the nightmare of keeping track of everyone. The costs have already exceeded $200 billion and rising within the private sector so these politicians can increase taxes on everything.
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