I saw some posts about american wanting to move to Europe; so just before you guys make the move, double-triple check insurances/banks, because literally every time I (not american) do smth financially related in France, they ask me if I am american? If yes, they won’t even open accounts/ give me insurance etc… Sounds discriminatory but apperently because legal
I dont know if that expands to any other field
EDIT: lol i am now wondering what are people are downvoting for? You dont like that fact, so you downvote whoever told you that fact? Some reactions are hilarious
Google FATCA, the US Foreign Account Tax Compliance Act.
Anyone anywhere in the world that is either US citizen, or a green card holder, or in other ways related to Murica, must pay US taxes. It’s insane, but the US tax system is powerful enough to bully all other countries into compliance.
Don’t get me started. 🤮
But not to tax the rich or corporations at all.
They can do anything they want. That is just something they don’t want to do. Again, 🤮
Citizenship isn’t free. You don’t get to have your cake and eat it, too.
Oh but the cheap labor from non-citizens should be free from basic human civil rights protections, right? /s fkn idiot, you make me ashamed to be in the same country with you
Wow, I’ve never seen a post get a whole 100 downvotes before. This is a special moment for me.
I got mine for free, how much did you pay for yours?
If you renounce your citizenship the US government still expects you to pay taxes for the next 10 fucking years. Do you think that sounds reasonable too?
No they don’t, this is why Boris Johnson gave up his American citizenship.
(https://www.ftadviser.com/content/7fdbf645-1cc6-5f78-b01b-10c9c9eff904)
Funny, because it’s free everywhere else. Sounds like a bit of a shithole country.
Wait, is there actually countries out there where you don’t pay taxes?
I’m guessing they must run off a very heavy business tax because the money has to come from somewhere in order for the government to be able to operate.
Or is it the gov just says “this will happen” and always has a blank check with no requirement to repay.
Don’t misunderstand my comment. I think it’s ridiculous for a country to expect you to pay taxes without living there. But like, taxes would be your citizenship burden
In other countries, you pay taxes if you actually live there. If I move to Spain and live there for enough days per year, my taxes go to Spain, not Estonia.
The US system I believe means you get double taxed if you live and work elsewhere, although I’m not 100% sure.
I think you can usually deduct the taxes you pay elsewhere, but you will still have to file your taxes, which is apparently a rather painful process in the US.
I got it as a baby with no money
You wouldn’t download a citizenship
This isn’t about Americans’ obligation to pay. It’s about hassle being forced upon foreign companies that have fuck-all to do with America (except for having American expat customers), to make them help collect the taxes on the US’ behalf.
Who the fuck is getting cake!? The only thing we’re eating is shit from the Oligarchs.
Off topic but I hate that that phrase is backwards. If you have a cake you can eat that cake or you’re in the process of eating it (“having cake”). If you eat a cake you can’t then have it other than having it in your belly.
I know I’m being pedantic and off topic, but you’re getting downvote to hell so what’s it matter?
It’s it “having” as in owning it? “I have a cake”.
You can’t eat a cake, and then still have it.
That’s what I’m saying, yes.
It literally is.