FATCA and Sweden
Posts on The Isaac Brock Society website concerning FATCA and Sweden
For articles on other websites, see Media and Blog Articles
For general discussion of FATCA, see FATCA Discussion Thread
28: European Bank in Trouble for not Answering to U.S. Law Enforcement
01: Dual Citizens of Sweden, France, Netherlands, Denmark & Canada take note! Your Country WILL NOT Collect for the U.S.
22: #SWeden: #America’s New #Taxhaven??? ….. Will the #FATCA #racists fulfill their destiny?
17: SWAT – Special Writers and Theses — My SWEDISH kid held prisoner
11: #Sweden Narc’s out its Own (accidental US citizens) to USA via #FATCA
10: #Sweden begins Discriminatory Profiling its Citizens by Country of Birth and by National Origin
24: #fatcainfo : Twitterers–tweet to Swedish radio whatever you think that SWeden (that tax haven) could use for FATCA reciprocity
24: #Sweden one-up’s USA’s #FATCA & #FBAR: Assumes all of its #Expatriates to be Corrupt
21: FATCA has no Maximum, only Minimums–FATCA comes to Sweden
03: USA FATCA laws in Sweden: Guaranteed to deliver Swedish data to the #NSA and #CIA
13: Correspondence between Swedish Citizen and Political Secretary of a Controlling Party in Sweden
“..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…..”…….
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
New pages to help inform Sweden prior to Feb 18 vote to implement FATCA IGA into Swedish law.
Here’s what US did to force Sweden to sign
Swedish banks search for Americans
Google translate works well enough
Sweden advertising for the lawyers
‘Uncle Sam says my Swedish kid is American’
By Sophia Yan
“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….”…..
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):
Residents of Sweden born in the USA, with any citizenship declared to the Swedish authorities:
USCs taking out Swedish citizenship:
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).