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Don't even get me started.... In many countries it's hard or near impossible for US citizens to get bank accounts and other financial services, I guess due to
by packet_nerd 7y ago
Don't even get me started....
In many countries it's hard or near impossible for US citizens to get bank accounts and other financial services, I guess due to them not wanting to deal with reporting requirements? Europeans, Aussies, and pretty much everyone have it way easier. Makes me so mad.
- buckminster 7y agoHa. My ancient mother, who is English, was conducting some mundane transaction in an English bank the other day when the teller asked her "You're not American are you?". She was so surprised she didn't know what to say. AIUI, it's not just reporting requirements but the potential for massive fines that's driving this.
- cynwoody 7y agoA few years ago, the IRS came after Boris Johnson, then the mayor of London, now the PM, for taxes on the gain from the sale of his house in London. He was born in NYC, you see, making him an American citizen. He ended up paying the tax and renouncing his US citizenship. https://www.forbes.com/sites/robertwood/2015/02/15/savvy-london-mayor-boris-johnson-paid-irs-is-now-renouncing-u-s-citizenship/#7948086b21c1 https://www.forbes.com/sites/robertwood/2015/02/15/savvy-lon...