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01-12-2018, 09:59 AM | #151 |
StraightBro
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Join Date: Aug 2003
Location: Monarch Beach, CA USA
Posts: 56,232
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R.I.P Paxum USA personal accounts it was fun while it lasted my love
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01-12-2018, 02:52 PM | #152 | |
Confirmed User
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Join Date: Jun 2009
Posts: 8,648
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Quote:
US accounts were profitable once, but not any more. Listen, no one knows when the US will enforce a law, or how hard. To help you understand this, selling marijuana is a federal crime RIGHT NOW but people are legally doing it in several states. If the feds start enforcing the law tomorrow, and they may, will marijuana sellers in Colorado be "shady" if they close down? Should they post a closing strategy on their doors? No. They just try to keep doing business. The IRS has had the right to take the passports of tax delinquents in the US for a year now, but they have not enforced it. They say they will begin in January. Will they? who knows? But if they do you will see a lot of desperate people calling to pay their taxes. People don't assume that things will be enforced until they are. FATCA is being phased in. Perhaps PAXUM assumed some rules would not be enforced. Perhaps after the close of the fiscal year they had to reconcile their books and realized how deeply unprofitable this segment had become. Do you honestly expect a business to sit and lose money so they don't look "shady"? Fuck no, man, they'll do whatever it takes to stop losing money ASAP. "FATCA is controversial because foreign banks have been forced to comply under threat of a 30% withholding penalty on all their U.S. transactions.[5][6] The U.S. has yet to comply with FATCA itself, because as of 2017, it has not yet provided the promised reciprocity to its partner countries and it has failed to sign up to the Common Reporting Standard (CRS).[7][8][9][10][11] FATCA has also been criticised for its impacts on Americans living overseas, and implicated in record-breaking numbers of U.S. citizenship renunciations throughout the 2010s.[12][13][14] Bills to repeal FATCA have been introduced in the U.S. Senate and House of Representatives, citing its unconstitutionality, particularly its breach of 4th amendment rights, as well as its high implementation costs and lack of revenue generation.[15][16][17] A hearing on the unintended consequences of FATCA was held by the Committee on Oversight and Government Reform on 26 April 2017" Does that seem like settled law to you? Foreign financial entities have no idea what the US will do. |
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01-13-2018, 07:01 AM | #153 |
Too old to care
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Join Date: Jun 2001
Location: On the sofa, watching TV or doing my jigsaws.
Posts: 52,943
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Time to move away from Paxum. This will cost them more in takings than they can afford.
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01-13-2018, 01:45 PM | #154 |
Confirmed User
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Join Date: Feb 2001
Location: Houghton, MI
Posts: 7,338
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Sooooo... with Paxum being gone now in the US, what are people using ??
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01-13-2018, 02:16 PM | #155 |
Confirmed User
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Join Date: Dec 2007
Posts: 3,079
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Epassporte? Lol. Sorry too soon
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01-13-2018, 03:07 PM | #156 |
Confirmed User
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Join Date: Aug 2016
Posts: 196
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Why don't you just register a company? I guess Paxum services don't have an alternative, so be flexible.
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01-13-2018, 03:42 PM | #157 |
Confirmed User
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Join Date: Mar 2006
Location: Puget Sound, WA
Posts: 6,328
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So how do we get money out of closed accounts?
They just yanked mine and I thought they will just turn off functionality and give us time to withdraw from the card. I can't even login. |
01-13-2018, 03:57 PM | #158 |
Confirmed User
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Join Date: Feb 2001
Location: Houghton, MI
Posts: 7,338
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Hopefully you have the Paxum card. Your funds should've been loaded into the card which is run by a bank unrelated, thus it's good until the card expires or the money is used.
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01-13-2018, 04:07 PM | #159 |
So Fucking Banned
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Join Date: Apr 2003
Location: online
Posts: 8,766
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01-13-2018, 05:47 PM | #160 |
Supermodel
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Join Date: Nov 2004
Location: Sodoma & Gomorra
Posts: 22,772
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Yesterday I bought a kids swimming pool with paxum card
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01-13-2018, 05:50 PM | #161 |
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Join Date: Oct 2003
Location: L.A.
Posts: 5,740
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Using my LLC to get a business account. Swapping my emails and don't have to do anything with my sponsors accounts.
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01-13-2018, 06:26 PM | #162 |
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Location: New York City
Posts: 148
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Now that all the Personal Acct are closed with Paxum.... Will we be able to get out money we have already requested?
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01-19-2018, 01:40 AM | #163 |
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