nullptrMar 10

"US Person": is a red flag for financial institutions in Europe

https://lemmy.world/post/44073145

"US Person": is a red flag for financial institutions in Europe - Lemmy.World

I saw some posts about american wanting to move to Europe; so just before you guys make the move, double-triple check insurances/banks, because literally every time I (not american) do smth financially related in France, they ask me if I am american? If yes, they won’t even open accounts/ give me insurance etc… Sounds discriminatory but apperently because legal I dont know if that expands to any other field

Show threadPlutoniumAcidMar 10

Google FATCA, the US Foreign Account Tax Compliance Act.

Anyone anywhere in the world that is either US citizen, or a green card holder, or in other ways related to Murica, must pay US taxes. It’s insane, but the US tax system is powerful enough to bully all other countries into compliance.

Don’t get me started. 🤮

Show threadP03 LockeMar 10
Citizenship isn’t free. You don’t get to have your cake and eat it, too.
Show threadfloofloof
Funny, because it’s free everywhere else. Sounds like a bit of a shithole country.
Mar 10 at 1:58pmWeb
Show threadAllNewTypeFaceMar 10
Except for maybe eight countries. The US, North Korea and a few small Pacific island states, if I recall correctly.
Show threadFosterMolassesMar 11

The US, North Korea and

Gotta love how these two countries are suddenly being used in the same sentence all the time lol

Show threadPikaMar 11

Wait, is there actually countries out there where you don’t pay taxes?

I’m guessing they must run off a very heavy business tax because the money has to come from somewhere in order for the government to be able to operate.

Or is it the gov just says “this will happen” and always has a blank check with no requirement to repay.

Don’t misunderstand my comment. I think it’s ridiculous for a country to expect you to pay taxes without living there. But like, taxes would be your citizenship burden