FATCA and Sweden

8 thoughts on “FATCA and Sweden”

1. https://bancdelasteroideb612.wordpress.com/2014/10/23/sweden-one-ups-usas-fatca-fbar-assumes-all-of-its-expatriates-to-be-corrupt/
   “..Whereas US FATCA program assumes all of USA’s expats are tax cheats, Sweden does one better and considers all of its expats as being corrupt. In both systems, the accused must prove himself innocent because otherwise he is assumed guilty.

   The US FATCA system requires the world’s banks to police expatriate US citizens, by demanding their bank account balances, Social Security numbers, and addresses and personal information. The Swedish system requires Swedish banks to inquire and store data upon the political status of its expatriates. It doesn’t stop there-it requires the same status upon the relatives of the account holder. And, same as FATCA, if the account holder doesn’t comply the account is to be frozen by the bank…..”…….

2. In Sweden, if you or your “real” Swedish friends have been FATCA’d, here is a response received:
   om du har någon diskriminering som du vill anmäla till oss kan du göra det till
   info@malmomotdiskriminering.se

   http://www.malmomotdiskriminering.se/

3. https://fbariswrong.wordpress.com/fatca-i-sverige-fatca-in-sweden-fbar-usa-taxation-of-swedish-citizens-in-sweden/

   New pages to help inform Sweden prior to Feb 18 vote to implement FATCA IGA into Swedish law.

   https://www.facebook.com/pages/FATCA-i-Sverige-FATCA-in-Sweden/995357457159250

4. Here’s what US did to force Sweden to sign
   http://www.svt.se/nyheter/regionalt/vastnytt/sa-fick-usa-sverige-att-andra-lagen

   Swedish banks search for Americans
   http://www.svt.se/nyheter/regionalt/vastnytt/svenska-banker-letar-efter-amerikaner

   Google translate works well enough

5. Sweden advertising for the lawyers

   http://www.svt.se/nyheter/regionalt/vastnytt/advokaten-rader-amerikaner-att-rapportera-allt

6. http://www.svt.se/wd?widgetId=23991&sectionId=554&articleId=2665310&type=embed&contextSectionId=554&position=0

   the video

7. ‘Uncle Sam says my Swedish kid is American’
   By Sophia Yan

   http://money.cnn.com/2015/03/10/pf/taxes/us-expat-kids-citizenship-tax/
   “Imagine this: Your kids were born in Sweden, have Swedish citizenship, speak Swedish, and grew up in Sweden. But still, the U.S. government insists they’re Americans — and Uncle Sam wants to collect taxes….”…..

8. According to Statistics Sweden, the number of USCs plateaued last year in Sweden while the number of “Born in the USA” residents of Sweden continued to climb:

   USCs in Sweden (as registered with the Swedish authorities):
   2010: 9,054
   2011: 9,299
   2012: 9,495
   2013: 9,811
   2014: 9,815

   Residents of Sweden born in the USA, with any citizenship declared to the Swedish authorities:
   2010: 17,179
   2011: 17,755
   2012: 18,312
   2013: 19,010
   2014: 19’569

   USCs taking out Swedish citizenship:
   2010: 423
   2011: 330
   2012: 371
   2013: 419
   2014: 460

   If 50% of those born in the USA wanted to give up their US citizenship, it would take 24.5 years to do so using the 400 renunciation appointments per year that seems to have become the standard in Canada. (There is one US embassy in Sweden).

   http://www.statistikdatabasen.scb.se/pxweb/en/ssd/START__BE__BE0101__BE0101J/?rxid=3f9a2d16-4f11-483f-8848-6c77e94bf2c8