Capital Controls Act

Most of us here are probably well informed regarding capital controls which have been enacted in America. If not, I just want to let everyone know that any money transferring to your account from an international source, 30% of it will automatically will be sent directly to the IRS for withholding purposes.

I would like to ask if anyone has experience with this. Has anyone transferred money from an international account and a large amount has been withheld from you?

Thank you.

I wasn’t aware that this was part of the new law. Would you have the section of the law that you’re referring to?

read this article.

http://mindbodypolitic.com/2010/03/29/zerohedge-capital-controls-hidden-in-obama-stimuls-act-important/