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
Financial institutions in Japan ask the same thing. It is because Americans have to pay tax to American even when they don’t live in America. It just means there is more paperwork apparently.
Yup, I had no idea how fucked you guys were with the taxes thing until I learned you had to declare it twice if living abroad
American citzenship is the OG subscription
Luckily I’m not one of those guys haha
It’s not that funny tbh, they’re people being treated poorly by their government
And yet they keep voting for anyone that likes to treat people poorly. I don’t know what to think anymore.
That’s a really hasty (hazy?) generalization of the US. The 50501 riots should tell you that a large fraction of Americans are not for this, but their heavily gerrymandered voting system shackles them to it
It’s not because they banned us citizens. It’s because the us government is one of the few ones that wants to tax stuff that their citizens earned in other countries, so banks and similar they need to report wealth and income to the government
The checkbox isn’t “if you’re American we can’t offer you services”, when you select that, then you have an extra form to fill, that’s it
Wait… You didn’t know off-shore bank accounts are only for the rich and powerful?
Downvotes likely from non-Americans. Europeans specifically. They like to downvote stuff about America and Americans on Lemmy. A common prejudice on Lemmy, unfortunately.
If you mention (and especially if you complain about) downvotes, you’re gonna receive them from everybody. That’s just how it is. It’s fake internet points, they don’t matter.
This is also very true. OP may have picked up a few “Hate Followers” too, I know I have picked up a few along my time on the internet. They just can’t be bothered to use the block feature, I guess. Or they think they are getting back at them.for some reason, which is pretty sad if someone thinks fake internet points matter that much.
I remember when I used to have a Reddit account that had Hate Followers, I would make a post or comment that would almost always end in a high positive vote count, but in less than 60 seconds of posting it the vote count would be zero for like an hour before the vote count turned positive lol. Always had one or two comments from the same accounts that werent even related to whatever I was talking about. I used to get a good chuckle out of it.
If you’re not American, why are you telling the institutions that you are?
Huh? Where i said that
My question was genuine. You wrote:
they ask me if I am american? If yes, they won’t even open accounts/ give me insurance etc…
american in europe here,
this is true. it’s very nearly impossible to open a bank account. There is exactly one bank in Switzerland who allows americans to open accounts, UBS. So far no banks in france have allowed me to open an account, even though I have a french residency permit. This makes it nearly impossible to take loans to buy things like houses or cars. Basically life here is impossible because being american fucking sucks.
Renounce your citizenship.
i don’t have a second citizenship to fall back on, so i’d be stateless. also, i can’t afford to since you have to pay all the taxes on potential income for the next 10 years or something
Only people who make more than 200k/year or have more than 2 million in unrealized taxable assets have to pay an expatriation tax.
There is no paying future taxes as that’d be asinine.
TIL, i thought i read that 10 year tax thing somewhere. probably just bs i saw online and didn’t look into it
I would absolutely talk to an embassy or at least an international tax professional before making decisions and not rely on Lemmy.
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. 🤮
Citizenship isn’t free. You don’t get to have your cake and eat it, too.
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
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
Perhaps, just maaaybe there’s a social climate attributed to current events that makes this post more of a, “no shit Sherlock” kind of post. 🙄
Low hanging fruit and all that.
Also, being butthurt about downvotes is cringe as fuck, go back to reddit.
