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While technically true, I've heard that most Swiss banks refuse to give US citizens bank accounts specifically to avoid the liability of the IRS's scheme to exf
by cyphar 8y ago
While technically true, I've heard that most Swiss banks refuse to give US citizens bank accounts specifically to avoid the liability of the IRS's scheme to exfiltrate foreign bank data.
- guitarbill 8y agoIt's because of FATCA I think? Banks in many countries won't usually refuse completely, but you can't open cheap accounts, because they want to charge Americans as much as possible to recoup the extra costs.