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
This is not because anyone wants to discriminate against Americans (maybe they do, but it’s unrelated to this rule), but because of rules the US forces on the rest of the world. There are special tax reporting rules for US Persons that banks have to obey if they want to be able to do business with the US at all. If you can’t or don’t want to follow those special rules, avoiding having US Persons as customer is the easiest way to comply.
I’ve worked for several Dutch banks, and US Person is a special category they have to deal with. No other nationality has this. Maybe Ethiopia? But that’s easily ignored. But nobody ignores the US. They have no choice but to comply. Vote for a different tax code if you don’t like it.