In this post, renounceuscitizenship asks who would be willing to move back to the US to avoid FATCA/FBAR discrimination. Please respond.
American Citizens Abroad deserves lots of credit. Their representation of American Citizens Abroad has been passionate. Their attack on FATCA has been:
– responsible
– reasonable
– relentless
Yesterday I was listening to one of their radio interviews about the effects of FATCA. I recommend it to you. Maybe it was the way that this was articulated, but somehow the following point registered with me: FBAR and FATCA discriminate against U.S. citizens. U.S. citizens who reside in the U.S. are not burdened with these kinds of requirements. Why should only U.S. citizens living outside the U.S. be required to complete this new form (the son of FBAR)?
But, then I realized there would no problem if all citizens abroad simply moved back to “the land of free” and brought what little money they have with them.
I thought about this. How many people would be willing to run back to the U.S.A. to avoid these problems. There are few U.S. expats who view the U.S. in the way they did even one year ago.
So, I thought: why notcreate a poll? This might be interesting.
My house, my savings, my life and my wife, even my kittens, are here in Canada. The easier choice was to relinquish my citizenship.
I want to check most of the reasons listed above (for no), except the third one.
Since I have retained close contact with family and friends in the US, I could move back, but my spouse is Canadian and I do not know whether that would even be possible for him. Furthermore, health care would be unaffordable for us.
Same here…If I became widowed, it would seem to make sense to move back but it’s the fact that I wouldn’t qualify for medicare, etc. It seems wrong somehow