"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

Financial institutions in Japan ask the same thing. It is because Americans have to pay tax to American even when they don’t live in America. It just means there is more paperwork apparently.
That’s only if you make more than 100k, just for additional information.
But they still have to report it, even if it is below.
And those forms are no joke.
Probably the usual “US deals with foreigner” type of forms. Which threaten horrible consequences if you enter something wrong while at the same time offer only the letters a to z, digits, and a few interpunctation signs. Which means that I cannot enter my correct address in such a form. And for other people it is even worse, like people using Asian languages.