If approved, the unconstitutional bilateral agreement would represent a major victory for Putin, a KGB man widely criticized around the world for operating what opponents refer to as a “gangster” regime. Among other benefits, the Russian strongman would gain access to vast troves of U.S. financial information — including sensitive data on critics of his government who may have assets, accounts, or business interests in the United States.
The Obama administration and its global tax regime-supporting allies also have plenty to gain with FATCA. In essence, the widely criticized law — the Republican National Committee just overwhelmingly approved a resolution calling for its repeal — purports to force banks and governments all around the world to become agents of the IRS.
Already being seized on by tax-funded globalist outfits such as the OECD and the G-20 as the foundation for a planetary tax regime, FATCA will punish any entities that fail to report information on their clients to Washington with a massive “withholding tax.” In many cases, the companies will be forced to violate their own national laws to comply. The alternative, however, is to simply be shut out of U.S. markets entirely, the administration claims. Eventually, the admitted goal is to create a global tax regime, sometimes referred to by analysts as GATCA.
– There will be no where to hide from the NWO. We either face it here and destroy it here and annihilate it’s adherents or Liberty dies.