So the elephant in the room here is that the US is increasingly a tax haven. Not for US citizens. For everyone else.
The reason? The US might throw it's weight around with FATCA and many things before it to get even moderately sized transactions reported to it and to have assets of US citizens reported but the problem is the information doesn't go the other way.
So the result is those dodging taxes in the EU will probably treat the US as a financial shield to hide wealth from their governments.
The reason? The US might throw it's weight around with FATCA and many things before it to get even moderately sized transactions reported to it and to have assets of US citizens reported but the problem is the information doesn't go the other way.
So the result is those dodging taxes in the EU will probably treat the US as a financial shield to hide wealth from their governments.