If you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account whose aggregate value exceeded $10,000 at any time during 2015, you meet the FBAR filing requirements.
Definition: Tariff War Tariff War usually refers to the war in trade tariffs that countries levy upon each other so as to discourage exports from one another and create trade benefits for self. Tariff Wars are also referred to as âcustoms warâ.
This year marks the 150th anniversary of the outbreak of the American Civil War. Karl Marx defined it as a struggle between two historical epochs â the feudal and the capitalist. The victory of the latter made possible the eventual recognition of the human dignity and the civil rights of African-Americans. Yet throughout the war British public sentiment favoured the slave-holding South. In October 1861 Marx, who was living in Primrose Hill, summed up the view of the British press: âThe war between the North and South is a tariff war.