Barack Obama signed FATCA in 2010. FATCA stands for the Foreign Account Tax Compliance Act and became a legal requirement targeting Americans from all over the world – exactly, including those who do not live or work in the USA too.
At that time, FATCA paved the way to multiple similar acts...
Hello,
I just hung up the phone with my bank in Germany! I have an account with them since 2004 I asked if they are going to report the account to my local tax authorities not Germany.
They said NO we are not going to report anything!! Now I think, what is all this with the "new OECD"...
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