FATCA Pushes “Accidental” Americans to Give Up US Citizenship
1–10 of 210 posts
Re: FATCA Pushes “Accidental” Americans to Give Up US Citizenship
#2How the hell do you accidentally get U.S. Citizenship? It's hard enough just getting a visa!
Re: FATCA Pushes “Accidental” Americans to Give Up US Citizenship
#3How the hell do you accidentally get U.S. Citizenship? It's hard enough just getting a visa!
Second paragraph: "She received automatic citizenship by being born on U.S. soil, but has no other connection to the country, having left as a baby."
Re: FATCA Pushes “Accidental” Americans to Give Up US Citizenship
#4How the hell do you accidentally get U.S. Citizenship? It's hard enough just getting a visa!
Being born in the US while your parents are here temporarily is the easiest way.
Re: FATCA Pushes “Accidental” Americans to Give Up US Citizenship
#5Why it must cost over $2,000 to give up something that others spend much more trying to acquire is a total mystery. Surely it does not cost $2,000 to make a note of someone’s ex-citizenship.
Re: FATCA Pushes “Accidental” Americans to Give Up US Citizenship
#6The US could solve most of its expat issues if they simply said foreign accounts are those accounts foreign to your current place of residence. By saying foreign means foreign to the US, they’ve made it very challenging to form banking relationships in expats’ countries of residence. The next step would be to repeal citizenship based taxation in favour of residency based taxation like every other country on earth (except for Eritrea).
Re: FATCA Pushes “Accidental” Americans to Give Up US Citizenship
#7How the hell do you accidentally get U.S. Citizenship? It's hard enough just getting a visa!
https://en.wikipedia.org/wiki/Anchor_baby
but on accident.
Re: FATCA Pushes “Accidental” Americans to Give Up US Citizenship
#8Re: FATCA Pushes “Accidental” Americans to Give Up US Citizenship
#9So, these people chose to keep their US citizenship, but chose to not follow the rules ?
The woman was brought over as a baby, but chose to keep the citizenship into adulthood, presumably acquiring a passport or other citizenship documents. Otherwise how are the banks finding out ?
Why should she be surprised if the IRS eventually comes for her ?
Seems like giving up citizenship is the right solution for these people.
Not debating the merits of whether the US should be taxing expats, this does not seem "accidental" to me in the least.
Also as far as owing onerous back taxes go, aren't taxes you paid in your country of residence deductible ? For most EU countries wouldn't that result in net zero US taxes ?
Edit: as pointed out by commenters, you have to list your place of birth in documents. stupid me
Re: FATCA Pushes “Accidental” Americans to Give Up US Citizenship
#10Why it must cost over $2,000 to give up something that others spend much more trying to acquire is a total mystery. Surely it does not cost $2,000 to make a note of someone’s ex-citizenship.
Yeah it's stupid. But many countries have similar weird rules about this. In the UK the fee is about £400 so not too bad, but for instance in Poland the only way to do this is to write a letter addressed to the current President of Poland and only they can grant it(my understanding is that they always do, it's pretty much an automated process, but you do actually have to send a letter to the president).