Posted on June 25, 2013 by USCitizenAbroad Posted in Issues regarding US persons abroad 4 Comments RT @peterdahlen #FATCA and Citizen-based Taxation: the way forward http://t.co/ydZzqvopKU – Thanks very much for this! — U.S. Citizen Abroad (@USCitizenAbroad) June 25, 2013 FATCA and Citizen-based Taxation: the way forward from Peter Dahlen Share this:TwitterFacebookEmailLike this:Like Loading...
I’m not an expert on FATCA and don’t really want to have anything to do with it. Yet, the following caught my attention so I figured that it might be interesting to post it somewhere:
So, the goal of FATCA is for banks to report the income of expats.
Re: “So, the goal of FATCA is for banks to report the income of expats.”
This seems like a natural progression of the ‘Foreign Attack To Control All”.
It is so interesting/troubling to find that in “Finding US Persons” — “Passports can be irrelevant”. Get those outlaws whatever it takes!
What country’s financial institutions is allowed to ask these questions?
Those questions. Wow. “Spouse a U.S. person?” All the questions really. I cannot imagine some bank teller asking questions like that of anyone. Yet, I”m sure the training sessions to do just that have already begun.