Foreign Banks Complain of 'Imperialist' US Tax Rule

[RealMoneyIssues]

Foreign Banks Complain of 'Imperialist' US Tax Rule
Published: Friday, 19 Aug 2011 | 5:13 AM ET
By: Reuters

A U.S. law meant to snuff out billions of dollars in offshore tax evasion has drawn the criticism of the world's banks and business people, who dismiss it as imperialist and "the neutron bomb of the global financial system."

http://www.cnbc.com/id/44200169

 

[Mapper]

Was this from the Onion?

Now there's a headline that could be written without any homework whatsoever!

How about this: Local Neighbor Irritated at Father Who Took Back Video Game His Child Left Behind

 

[Frixxxx]

This is why I was so ticked off when this administration tried to enforce American Law in the global society.....

REALLY?

I'm surprised the banks just don't send all the money back to the states and don't let Americans have money ANYWHERE.....

Wow, I feel like a pariah on the face of the global society.....Another nail in the coffin of the American dollar being the global business currency.

Arrogance.....pure and simple!