3 ms·
Because US citizens have an IRS filing requirement even when living abroad. It is a very uncommon requirement among countries.
by lIl-IIIl 2y ago
Because US citizens have an IRS filing requirement even when living abroad. It is a very uncommon requirement among countries.
- felsokning 2y agoSome foreign banks simply don't _want_ to deal with American citizens, precisely because of the reporting requirements strong-armed in agreements with the US -- because they have to report those bank accounts back to the states every year (or quarter). It's not like the US is funding that foreign work to be done on their behalf, either. So the reticence to even bother with creating bank accounts for American citizens makes sense.