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.
I got mine for free, how much did you pay for yours?
I got it as a baby with no money
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)
Haven’t heard that before, that’s wild
I’m wondering how the fuck are they even gonna know you paid them or not. If I am living in Germany, with a German employer, why the fuck are they telling the US what my wages are?
Because otherwise none of their customers will be able to do business with the US. They would like their customers to be able to do business with the US, so their only options are to either follow reporting rules for US Persons, or avoid having US Persons as customer. It sucks, but it’s the US government forcing this on everybody, and because of the economic dominance of the US, the rest of the world has no choice but to comply.
Funny, because it’s free everywhere else. Sounds like a bit of a shithole country.
Except for maybe eight countries. The US, North Korea and a few small Pacific island states, if I recall correctly.
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?
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.
Who the fuck is getting cake!? The only thing we’re eating is shit from the Oligarchs.
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.
It literally is.