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uh the uk tax authority was sued again over fatca for those of you that donamp;#39;t know who fatca is is the foreign account tax compliance act it actually came about back in 2010 and that it actually uh went in force a few years later and whatamp;#39;s happening now is a lot of these banks overseas youamp;#39;ll find out if you donamp;#39;t relinquish your u.s citizenship but you start setting up foreign bank accounts youamp;#39;re going to find out that a lot of these banks and brokerage companies will not deal with any u.s citizens because of all the compliance and stuff that has to be done and uh if the banks donamp;#39;t agree to do it to to hand over that information which is basically a very transparent uh you you canamp;#39;t hide money uh so donamp;#39;t even try to do it is uh what happens is if uh if the banks donamp;#39;t do it thereamp;#39;s an automatic withholding on uh on all the money not the profit is uh a third of approximately a third of everything so you
