IRS launches new program essentially forcing banks to become spies for tax evasion purposes

01/19/2015 - 00:00

By Simon Black -

Yesterday, the IRS announced the International Data Exchange Service.

If you’ve not heard of it, it’s is an outgrowth of the Foreign Account Tax Compliance Act (FATCA), which requires every single bank in the world to get in bed with IRS to share information about customers.