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Expat Community > Uruguay

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new law in US July 1st 2014

10 years ago
I've read that this law will impact expats' banking. I don't mind paying Uruguay taxes, but I've alrady been taxed on the money I'll be swifting. Supposedly foreign banks will have to report to the US IRS if an expat has over 50k in their bank...a bunch of paperwork for them! Will BBVA report back? Costa Rica had some banks who wouldn't work with the US.
The IRS is trying to stop offshore caches....

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