Right. Imagine if every financial form had 200 extra checkboxes -- dictated by t... | Hacker News

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josh_fyi on Feb 10, 2016 | parent | context | favorite | on: Why expat Americans are giving up their passports

Right. Imagine if every financial form had 200 extra checkboxes -- dictated by the Mongolian Treasury, the Namibian Treasury, etc.

But that's not the case. Only the US imposes financial regulations on every bank in the world.

RyanZAG on Feb 10, 2016 [–]

Well other countries could try, but banks wouldn't really care because of limited exposure and inability for most countries to collect.

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