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Where do you live that you have to report you own foreign accounts? Asking companies to report them might be justified, but individuals?
by literallycancer 7y ago
Where do you live that you have to report you own foreign accounts? Asking companies to report them might be justified, but individuals?
- wcoenen 7y agoBelgium. https://finances.belgium.be/fr/comptes-%c3%a0-l%e2%80%99%c3%a9tranger https://finances.belgium.be/fr/comptes-%c3%a0-l%e2%80%99%c3%...
- retiredcoder 7y agogenuinely asking, why would not be justifiable? That is tax on personal income and capital gains just like any other.
- literallycancer 7y agoIt creates a burden for people in that they have to do more paperwork. That time could have been spent on productive economic activity instead. On another level, why should the state have a list of my accounts at all? It already sees all the accounts at banks within their territory. They don't need to concern themselves with accounts outside their jurisdiction. In the context of income taxes, it should be enough to report total earnings, regardless of which specific account holds them.
- dharma1 7y agosame in Netherlands afaik. https://www.iamexpat.nl/expat-info/dutch-expat-news/dutch-tax-your-worldwide-net-assets https://www.iamexpat.nl/expat-info/dutch-expat-news/dutch-ta...