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Overseas Bank Account Fines Questioned at US Supreme Court
- bediger4000 4y agoI'd like to see an honest conflict of interest statement from the Justices on this case.
- eesmith 4y agoWhat conflict of interest do you envision? This case is primarily about US citizens living in another country (and in this case, with dual nationality), having multiple local bank accounts, and not reporting them. Accounts are easy to create. Eg, https://www.usbank.com/financialiq/manage-your-household/personal-finance/Multiple-accounts-can-make-it-easier-to-follow-a-monthly-budget.html https://www.usbank.com/financialiq/manage-your-household/per... describes using multiple savings accounts to help with budget organization. According to the linked-to piece, each of these needs to be reported, and each are subject to the maximum penalty, even though they are really just different buckets in the same bank.
- bediger4000 4y agoI would expect that, like Mitt Romney, we'd find out that a lot of the justices have some weird bank accounts going on.
- eesmith 4y agoJustices also have domestic bank accounts. Is there a conflict of interest when they pass judgement on domestic banking?