It's not like Western(-ish) nations have much of a choice here. As soon as your banks and financial system depend on the USD in any way, it comes with a mandatory dose of US imperialism and extraterritorial jurisdiction.
Yeah, I love how my legitimate foreign business that is solely owned and controlled by 2x legitimate foreign nationals with a legitimate foreign bank account has to supply documentation proving it's not American in order to prevent the IRS just unilaterally declaring it'll tax my account as if it was a US entity /s
