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That's actually a huge problem for US citizens living in Switzerland. Since the US nowadays puts so much pressure on Swiss banks most - if not all of them - ar
by CaptainZapp 13y ago
That's actually a huge problem for US citizens living in Switzerland.
Since the US nowadays puts so much pressure on Swiss banks most - if not all of them - are extremely reluctant to open bank accounts for US citizens.
- nitai 13y agoIt is not only an issue for US citizens, also for people who have been with the same bank for 30+ years and now leaving abroad. You can either pay tones of fees and at least have $50k in the account or you are forced to take your money elsewhere. Luxembourg and Lichtenstein will gladly take you money, though ;-)
- psuter 13y agoActually, a little known provision of FATCA was introduced precisely to prevent financial institutions to discriminate against American taxpayers. If you read French: http://www.letemps.ch/Page/Uuid/0a130fdc-238a-11e3-8a42-a4515a9d0c4c/Fatca_oblige_les_banques_suisses_%C3%A0_accepter_les_clients_am%C3%A9ricains http://www.letemps.ch/Page/Uuid/0a130fdc-238a-11e3-8a42-a451...