FATCA questions thread
Ask your questions about FATCA here.
This thread will be focused closely on renunciation questions and answers. If the conversation starts to ramble, those comments will be moved to another thread.
Related threads:
FATCA Discussion Thread for more general discussion of FATCA has opposed to specific questions and answers.
We were discussing Canada. As I mentioned earlier, Europe is a whole different kettle o’ fish.
Yet European banks are being accused here of supporting FATCA, through choice.
More than one post accusing people of being stupid for not using ID to open an account with something other than their ID card. Some seem to have forgotten that this forum is about all US citizens abroad, not just Canada.
A little empathy and understanding of the situation for others rather than ignorant accusations might go a long way, because otherwise you soon end up looking like your ignorant persecutors that sent people here in the first place.
Means and motive.
Means: European banks had records of citizenship and have always required ID showing birthplace. Canadian banks did not and still do not.
Motive: No idea why Canadian banks are so much less afraid of FATCA than European banks. History of Swiss banks being badly smacked perhaps, or fear of alienating large numbers of customers with US ties. Who knows?