As of this month businesses and consumers face a multi-billion pound bill to satisfy new US tax laws: another case of Britain playing poodle to Uncle Sam?
The Telegraph is telling Brits;
Your bank and investment provider are now officially working for the United States tax authorities – and you’re footing the £1bn bill.
Well, maybe the British are ahead of Canada. Finance Canada and CRA do not seem to know how much FATCA will cost Canada.