IPFS News Link • TAXES: Federal
Lloyds Bank hit by Obama tax purge
• Daily TelegraphLloyds Banking Group is ditching American customers based in Britain pending a crackdown on international tax evasion planned by President Barack Obama.
This week American private client account-holders at Lloyds's received letters informing them of an "important change in policy regarding clients who are resident, domiciled or linked to the United States by property or asset holdings".