4 ms·
Probably if the bank itself files a US tax return. I don't know if they'd be able to enforce it on a strictly local bank that only does business outside the US
by csense 12y ago
Probably if the bank itself files a US tax return. I don't know if they'd be able to enforce it on a strictly local bank that only does business outside the US, but a lot of banks are multinationals.
- philiphodgen 12y agoIf the foreign bank does not play along with the U.S. government, it will find itself unable to transact business in U.S. dollars.
- Schweigi 12y agoThey managed to close down Wegelin Bank which operated inside Switzerland only. The US Gov probably threatened to arrest employees or something like that but officially the bank only published generic reasons about "pressure" for the closing. http://en.wikipedia.org/wiki/Wegelin_%26_Co http://en.wikipedia.org/wiki/Wegelin_%26_Co.