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Canadian tax expert David Rotfleisch was recently featured in a video posted on AlArabiya.net. Here, he gave his opinions about how the U.S. sanctions are affecting Iranians.

“Clearly, Iran has major foreign currency reserve problems. I mean, with the U.S. sanctions that are very drastically affecting Iran. Hence, they are limiting the ability of Iranians to transfer money out. They [the U.S.} don’t want to make it easy. On the other hand, we know that Iran, the IRGC specifically, actively funds overseas terrorists. They fund Hezbollah and terrorists from all over the world. They need to be able to transfer money to those organizations outside of Iran, so it’s convenient for them to have these channels available as well.”

Watch the full video here.

Disclaimer:

"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."

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