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In 2010 Congress enacted the Foreign Account Tax Compliance Act, requiring foreign financial institutions to identify American account-holders and disclose their balances and withdrawals, or face a 30% withholding tax on income from any financial assets they hold in America.
ECONOMIST: The UBS whistleblower
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Financial elder abuse can take a number of forms, including stealing money and other assets, forcing the elder to sell his property, and withholding money for daily living expenses.
FORBES: Understanding Financial Elder Abuse
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Rejecting an idea, fancied by some state premiers, of a tax on assets, Germany's government opted firmly for a lower (25%) withholding tax on savings income.
ECONOMIST: Grading Iraq