131–140 of 153 posts
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> (Polish law says I need a Polish passport when travelling to the US) What would you have expected the US to do? Smuggle you out of the country?
Honestly, one call from the embassy and I would have been on that flight, believe me.
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No idea what UK company registration processes look like. Possibly. You're not gonna get far moving your mountain of coin without the help of lawyers, accountants, investment bankers, banks, prime brokers etc. ...none of whom will touch you if you can't prove this stuff reasonably well. As for people submitting straight up fraudulent info - rules don't stop people like that in the same way sternly telling a mugger th…
Analysis by Global Witness shows 87,000 properties – 40% of them in London – are anonymously owned by firms registered in tax havens https://www.google.com/amp/s/amp.theguardian.com/uk-news/201...
Shareholder data for private companies aren't generally publicly searchable regardless of country...(hence the "private" part)
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That's where the concept of UBO comes in - the reporting party is supposed to trace this through to the ultimate beneficial owner. And if they can't then they're not supposed to accept the business (KYC fail). https://en.wikipedia.org/wiki/Beneficial_ownership A lot of the offshore locations a laymen can name report this stuff anyway (to varying degrees of course). The whole straight up hiding money approach(Or to pu…
Note that this only applies to banking. Assets "directly held" (eg fine art) are exempt from eg FACTA. A loophole big enough to drive a truck through, but only for the wealthy...
USA is overreaching, European countries should stand up this crap. I'm a Polish and US Citizen and I remember a situation where I was at an airport in Poland and was not let onto a flight after presenting a valid US passport and Polish ID card to the Polish border patrol. They didn't allow me onto my flight due to lack of a Polish passport (Polish law says I need a Polish passport when travelling to the US). I called…
> USA is overreaching, European countries should stand up this crap. [Recounts story about issues at Polish border due to Polish law and Polish citizenship.] So you would have liked the US to stand against Polish crap on your behalf?
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> USA is overreaching, European countries should stand up this crap. [Recounts story about issues at Polish border due to Polish law and Polish citizenship.] So you would have liked the US to stand against Polish crap on your behalf?
I think he expected US consular services to fix his passport problem. After all, if hes paying taxes solely for consular services, and he is not getting that assistance, then it begs the question, why is he being taxed in the first olace if there are no benefits whatsovmever?
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I do understand the annoyance. The $100k exclusion, as others have mentioned, is not a "ridiculous amount", it's all relative to where you live and how much you earn. You might also think it is "ridiculous" because you only earn money from a paycheck (e.g. you are an employee). For the self-employed things look very different: your revenue might easily be $200k, while your actual income is half that. Your foreign bus…
I will probably give up my USA citizenship at some point because of this.
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>related : Vancouver BC reaching third most expensive city in the world status a couple of years back, for reasons that have little or nothing to do with local populations What is it due to? I imagine ease of access to Chinese people who want a place to park their savings, plus nice weather, are the biggest factors. After all, all those wealthy Chinese people could just go to another city, like Edmonton, but they don…
- Accessibility to flights - A large chinese community already being there, seeded by the HK hand over to china. The HK wave did not cause a real estate crisis. - Being known as a "good investment" in China. - RE firms that market in china for vancouver. - Most importantly of all, bad enforcement of money laundering and foreign income laws compared to the USA. If money laundering and tax laws were enforced as badly a…
Where did you get that crazy idea? The PNW is known for being mild, though rainy and not terribly warm. People who like a lot of sun wouldn't like it. But compared to most parts of the country, it's known for "good" weather: in the northeast, it's snowy and brutally cold during the winter. In the southeast, it's brutally hot and humid during the summer, and there's hurricanes. In the (desert) southwest, it's horrifically hot during the summer. In the middle/plains states, it's brutally cold in the winter and there's regular tornadoes. In the Dakotas/Minnesota area, it's horrifically cold in the winter. The PNW doesn't have any of that stuff. Compared to southern California, the weather may not seem as nice to many people, but most of the rest of America does not have the consistently mild and warm weather year-round that SoCal has. But PNW does have consistently mild weather year-round for the most part, albeit without so much sun, and a lot of rain.
Don't worry, Switzerland is still attractive for many reasons as a stable, competitive, well connected financial center. I think a lot of people don't realize that bank account privacy is just 1 of 20 distinctive qualities of Swiss institutions and regulatory structure. Switzerland is attractive because its not just shell companies and PO boxes, compared to other nations that try to offer similar nominal regulations.…
> The Swiss franc is currently pegged 1:1 with USD, having ditched Euro peg almost 5 years ago. It's not.
Use whatever word you want to quickly convey that thought to a broad population
“Peg” also does that.
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I think that’s debatable. France for example goes to great lengths to preserve local food culture and the protection of locally produced heirloom foods. The US government couldn’t care less. If everyone decided to eat only TV dinners and shelf stable snacks that would be A-OK, even desirable because that kind of thing leads to GDP growth. France would never allow it. US governments are borderline contemptuous of trad…
>If everyone decided to eat only TV dinners and shelf stable snacks that would be A-OK >France would never allow it. While I do not support eating unhealthy foods like that on a regular basis at all (I have some sort of instinctive repulsion towards that), I do support allowing adults to have the freedom to make their own choices regarding what they eat.
In the U.S. no one is going to force you to buy anything, but no one will save you when your market disappears.
It’s a kind of freedom, but it’s not “more choice”. It’s often less choice.
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- Accessibility to flights - A large chinese community already being there, seeded by the HK hand over to china. The HK wave did not cause a real estate crisis. - Being known as a "good investment" in China. - RE firms that market in china for vancouver. - Most importantly of all, bad enforcement of money laundering and foreign income laws compared to the USA. If money laundering and tax laws were enforced as badly a…
>The pacific north west is not considered a good place weather wise in the USA. Where did you get that crazy idea? The PNW is known for being mild, though rainy and not terribly warm. People who like a lot of sun wouldn't like it. But compared to most parts of the country, it's known for "good" weather: in the northeast, it's snowy and brutally cold during the winter. In the southeast, it's brutally hot and humid dur…
Also bay area weather is pretty perfect too.