At George’s suggestion, this comment is now a post.
BC Doc says: “An article from Lebanon. A good quote”:
More pressing in the immediate term is the issue of privacy and the safety of American citizens. “One thing the Treasury has not thought about is how do you protect US citizens? In a country like Lebanon, with Hezbollah and other US designated terrorist organizations, banks will identify US citizens, which could put them at risk,” said the BDL source.
And:
Further questions may arise if there is a dawning realization about negative economic impacts on the US itself. “What happens when we start shorting payments on our Treasury bonds (TBs) by 30 percent? A sovereign holder is not subject to withholding, but for a private institution, what if the interest payment is done through SWIFT to a commercial bank that has not signed an IGA? Treasury will take the interest,” said Jim Jatras, Manager of RepealFATCA.com, which is lobbying against the law in Washington. “This is the kind of thing that could promote dumping TBs, and affect interest rates and the dollar as a global currency, which are issues nobody has thought out.”
@Dash1729.
>The moment you lose your job you are subject to deportation
For H1-B they changed the rules many years ago. Your supposed to be able to get other jobs so long as the other company sponsors you. You can transfer the visa.
Not that I know much about this. I have been through the green card process twice because I got married after my green card process had progressed too far and wanted my wife not to work when we had a kid.
So I have actually handed in a green card and got it again all over again.
This process is pretty easy if you work for a big company. Just has long pauses in it and lots of filling out the same info time and again.
BC_Doc:
I left this on the Consulate Directory thread also, but I’m wondering how things are going with your CLN. I’m very anxious to hear whether or not you were able to receive it based on a relinquishment.
@calgary411
Didn’t understand this… thought it would be similar to what is in other countries. Some people told me about this… Interesting read…
http://familiesusa.org/blog/2014/02/facts-behind-medicaid-estate-recovery
Here’s another http://www.kaiserhealthnews.org/stories/2012/october/11/health-care-immigrants.aspx. It will be different than what most people from Canada experience for their healthcare. These issues would likely not be on the radar of most young people moving to the US.
I renewed my US passport in Vancouver in the last couple of few years and after I got my Canadian citizenship, but was not asked anything about my intent.
@Bubblebustin……what is your comment in reference to? Is it about the London Embassy website on another thread?
@Neill
Yes, the green card process works fairly well if you have a stable job with a stable employer. But it can also limit you to a certain type of job for a certain type of employer–and if someone finds that those constraints don’t really suit their temperament, they are sort of screwed.
George,
I think bubblebustin’s comment was to BC Doc (whose comment was moved from this post to the Consulate Director Report post).
@Neill
And–the fact that you had to go through the green card process twice will show anyone who can read between the lines that the whole US immigration system involves jumping through a lot of hoops. Yes, you can jump through the hoops but the problem is that you can end up spending your youth spending years jumping through the hoops of the US immigration system. If you stay in Canada you can focus those years on building your life and your career. The US economy is no longer doing so well to make the hassle worth it for a lot of people. In past, when the US economy was stronger, it might have been worth it.
@George
Like Calgary said.
@calgary411
Yes, it is still early days for “Obamacare” but it does have the potential to add another layer of risk. This is especially true given that the IRS is charged with enforcing the Obamacare penalties for people who don’t comply. Will people who live in the US just long enough to get into the US tax system then have trouble getting out to avoid the Obamacare penalties? It is too early to say for sure because we haven’t yet completed a full tax year under Obamacare–but it definitely has the potential to introduce another layer of hassles.
@Calgary and @Bubbles……
I thought I had gone loopy….. 🙂 🙂
The risk of extortion, setups, robbery is a real concern for people living in countries like the Philippines where the authorities are notorious for nefarious acts of robbery. Yet the Philippine govt. is so proud and looking forward to signing the IGA. They are even discussing how to punish their own banks for not complying properly with the procedures set forth by the Central Bank in accordance with the FATCA IGA.