> folks who have never had to deal with the heavy handed tactics of a government that unabashedly tries to ...
the Swiss banking act that guaranteed secrecy to customers of Swiss banks were intended to protect information about the Jewish people from Nazi Germany. This act is now ineffective since Switzerland has harmonized reporting rules with both US and the EU several years ago. Singapore was also grey-listed with other popular tax havens and they too had to moderate their banking secrecy to get on the white list. you'd be hard pressed to find a useful bank anywhere in the world that isn't FATCA compliant.
the Swiss banking act that guaranteed secrecy to customers of Swiss banks were intended to protect information about the Jewish people from Nazi Germany. This act is now ineffective since Switzerland has harmonized reporting rules with both US and the EU several years ago. Singapore was also grey-listed with other popular tax havens and they too had to moderate their banking secrecy to get on the white list. you'd be hard pressed to find a useful bank anywhere in the world that isn't FATCA compliant.