Why does their directive have such far reaching effects vs other countries laws which largely apply to the country and it's citizens etc
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Some US laws also apply worldwide. For example, the FATCA legislation, in another domain, is applicable to all financial institutions in the world.
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No.
#FATCA is not applicable to US banks. Neither is#CRS. Chump banks outside the US pay for these 'anti-evasion' measures while American banks roll in all that lovely#TaxHaven wealth.#TaxHavenUSA#DelawarePapers#RepealFATCA@EUparliament@hmtreasury@Mishcon_de_Reya@ft@wsj
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Yes, it will.
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