Quote from: yonton on May 17, 2018, 06:01:32 PM

Ill never use bitfinex again

Me too

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Politically motivated and flawed legislation has been rushed through with no cost-benefit analysis and a negative impact on individual privacy and national sovereignty, potentially leading to global data theft, kidnapping, blackmail and political oppression.

https://www.linkedin.com/pulse/new-book-oecd-common-reporting-standard-how-survive-eesh

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Aside from philosophical or constitutionally enshrined entitlements to privacy, many individuals legitimately fear that disclosure of financial information may increase their exposure to kidnapping, extortion or blackmailing by criminals or confiscation of assets by corrupt governments.

http://www.royalgazette.com/business/article/20170126/oecd-reporting-standards-collateral-damage

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Tax has become such a publicly 'moral' issue such that no high profile client wants to be seen to complain about the CRS or be seen as "non-compliant". In essence, may they have been gagged by the media? Many clients are happy to co-exist with the CRS system so they may be portrayed as 'clean' and 'above board'. At the other end of the spectrum, beyond fear of kidnap and murder, clients are further preoccupied that any leak from the tax authorities following implementation of CRS may lead to their financial affairs becoming headline news, irrespective of the legality and perceived morality of the 'why'.

https://www.lowtax.net/articles/Common-Reporting-Standard-CRS--how-do-you-feel-574029.html

BTW, there is a campaign to Repeal FATCA, consider helping: http://repealfatca.com/