4 ms·

what is even crazier, is its not just Americans impacted by this. If you have a green card, but not working in the USA, you're impacted by this mess too.

• elevatedastalt 2y ago
  What's funny is America has some of the longest paths to a Green Card (for Indians and Chinese at least), but is very very happy to tax them as a resident the moment they spend a year in the country. Indians effectively pay taxes as residents without any permanent residency benefits for decades
  • itake 2y ago
    Are there any countries where people on a visa don't need to pay taxes like everyone else? If I got a job in India, would I not need to pay taxes?
    • mr_toad 2y ago
      In most countries you’re technically supposed to pay taxes even if you’re working there illegally.
  • chii 2y ago
    They chose to do it under the terms that have been laid out by the US - so obviously, it's _still_ benefitial for them to continue despite being taxed without representation.
• randunel 2y ago
  I'm a non US citizen nor resident, never have been and probably never will be. Because of FATCA, I had to prove to my Eastern European bank (where I actually am a citizen) that I am not a "US person". That designation has no legal meaning, anywhere in my birth country, yet I had to sign a formal written declaration "I, NAME, declare under penalty of penal law, that I am not a US person", to be able to access my funds again. USA always overreaches.
  • troad 2y ago
    > I'm a non US citizen nor resident, never have been and probably never will be. Because of FATCA, I had to prove to my Eastern European bank (where I actually am a citizen) that I am not a "US person". That designation has no legal meaning, anywhere in my birth country, yet I had to sign a formal written declaration "I, NAME, declare under penalty of penal law, that I am not a US person", to be able to access my funds again. Your bank was terrified of losing access to US markets, so your bank forced you to prove you're not a US person to be super safe about US tax compliance. Seems like your complaint is with your bank, not the US. You're welcome to bank with a bank that has different policies. I have had European bank accounts before and I've certainly never been asked to prove I am not a US person. (On the other hand, I was asked to sign an absurd amount of paperwork that had nothing to do with the US, because it's Europe, and you need thirty-four forms and a notary public to be allowed to even exist.) > USA always overreaches. The US doesn't care about you at all.
    • chii 2y ago
      > The US doesn't care about you at all. of course not - they're a nobody. They don't mean the US cares about the individual - the post is about the general level of regulation that the US is able to force upon third parties. But then again, this is what it means to be sovereign. And to be honest, the US's overreach is not as high as it could've been given how much clout they have. Imagine if it was china in the same powerful position - what would've been the overreach then?
    • realusername 2y ago
      > Your bank was terrified of losing access to US markets, so your bank forced you to prove you're not a US person to be super safe about US tax compliance It's more that a lot of them got fines a decade ago because of that so now US citizens are just straight up banned from most European banks.