British banks revolt against Obama tax plan - Telegraph

The decision, which would make it hard for Americans in London to open bank accounts and trade shares, is being discussed by executives at Britain’s banks and brokers who say it could become too expensive to service American clients. The proposals, which were unveiled as part of the president’s first budget, are designed to clamp-down on American tax evaders abroad. However bank bosses say they

are being asked to take on the task of collecting American taxes at a cost and legal liability that are inexpedient.

I expect other systems - the Swiss, in particular - will follow. And this is an excellent way to put pressure on Obama. He’s been pitching his far left moonbat supporters under the bus, as well as his heavily-moneyed lefty uber-rich backers. The proferred notion is that the rich don’t care about taxes, but I think that is Obamorons whistling past a potential graveyard.

If cash is the mother’s milk of politics, I suspect that GOP (and other) coffers are going to be a lot more plump than Dem pocketbooks come 2010 and 2012.

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