"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

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. 🤮

Citizenship isn’t free. You don’t get to have your cake and eat it, too.
If you renounce your citizenship the US government still expects you to pay taxes for the next 10 fucking years. Do you think that sounds reasonable too?

No they don’t, this is why Boris Johnson gave up his American citizenship.

(ftadviser.com/…/7fdbf645-1cc6-5f78-b01b-10c9c9eff…)

Tax trumps diplomacy – why Boris gave up his US passport

FT Adviser