I've done several previous posts about FATCA, which forces foreign banks to reveal information about Americans to the IRS. The US and Eritrea are the only two countries crazy enough to tax people based on their citizenship, not their residency. As a result, Americans living overseas often have difficulty finding a bank willing to take their business. (We'll see how Princess Markle copes with this.) Of course FATCA is not the only way that America bullies other countries. The US is not satisfied with imposing sanctions on foreign countries. It insists that other countries adhere to our sanctions policy, even if experts both within and outside the US overwhelming oppose the policy (as with Iran
Scott Sumner considers the following as important: International Trade
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