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AzuranAurora
piefed.ca
AzuranAurora@piefed.caJoined: 2025-12-24 |
Wait... You didn't know off-shore bank accounts are only for the rich and powerful? Downvotes likely from non-Americans. Europeans specifically. They like to downvote stuff about America and Americans on Lemmy. A common prejudice on Lemmy, unfortunately.
If you mention (and especially if you complain about) downvotes, you're gonna receive them from everybody. That's just how it is. It's fake internet points, they don't matter. |
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Drusas
fedia.io
Drusas@fedia.io Joined: 2024-08-16 |
american in europe here, this is true. it's very nearly impossible to open a bank account. There is exactly one bank in Switzerland who allows americans to open accounts, UBS. So far no banks in france have allowed me to open an account, even though I have a french residency permit. This makes it nearly impossible to take loans to buy things like houses or cars. Basically life here is impossibl...
That's crazy. I never had any of these issues living in Japan. Why does the EU make it so much harder than Japan does? |
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Glytch
lemmy.world
Glytch@lemmy.world Joined: 2024-01-31 |
Citizenship isn't free. You don't get to have your cake and eat it, too.
Off topic but I hate that that phrase is backwards. If you have a cake you can eat that cake or you're in the process of eating it ("having cake"). If you eat a cake you can't then have it other than having it in your belly. I know I'm being pedantic and off topic, but you're getting downvote to hell so what's it matter? |
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RightHandOfIkaros
lemmy.world
RightHandOfIkaros@lemmy.world Joined: 2023-06-15 |
If you mention (and especially if you complain about) downvotes, you're gonna receive them from everybody. That's just how it is. It's fake internet points, they don't matter.
This is also very true. OP may have picked up a few "Hate Followers" too, I know I have picked up a few along my time on the internet. They just can't be bothered to use the block feature, I guess. Or they think they are getting back at them.for some reason, which is pretty sad if someone thinks fake internet points matter that much. I remember when I used to have a Reddit account that had Hate Followers, I would make a post or comment that would almost always end in a high positive vote count, but in less than 60 seconds of posting it the vote count would be zero for like an hour before the vote count turned positive lol. Always had one or two comments from the same accounts that werent even related to whatever I was talking about. I used to get a good chuckle out of it. |
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Lumisal
lemmy.world
Lumisal@lemmy.world Joined: 2024-03-16 |
american in europe here, this is true. it's very nearly impossible to open a bank account. There is exactly one bank in Switzerland who allows americans to open accounts, UBS. So far no banks in france have allowed me to open an account, even though I have a french residency permit. This makes it nearly impossible to take loans to buy things like houses or cars. Basically life here is impossibl...
You have residency, but do you have an official French ID, like a police ID? In Finland at least the residency permit does not count as a valid ID and you have to get a separate one (like a driver's license or police ID) in order to for example open a bank account. |
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๐ฐ ๐ ๐ฑ ๐ฆ ๐ณ ๐ฆ ๐ฐ ๐ฎ
pawb.social
Kolanaki@pawb.socialJoined: 2024-10-06 |
If you renounce your citizenship the US government still expects you to pay taxes for the next 10 fucking years. Do you think that sounds reasonable too?
I'm wondering how the fuck are they even gonna know you paid them or not. If I am living in Germany, with a German employer, why the fuck are they telling the US what my wages are? |
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El_guapazo
lemmy.world
El_guapazo@lemmy.world Joined: 2023-08-04 |
Citizenship isn't free. You don't get to have your cake and eat it, too.
I got it as a baby with no money |
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discocactus
lemmy.world
discocactus@lemmy.world Joined: 2025-01-22 |
iban thing is nice, do you know if you can finance cars or homes? right now i have to have to drive around a beater because no european bank = no loan
Never tried that. Worth emailing their rep probably. |
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diablomnky666
lemmy.wtf
diablomnky666@lemmy.wtf Joined: 2023-06-24 |
Only people who make more than 200k/year or have more than 2 million in unrealized taxable assets have to pay an expatriation tax. There is no paying future taxes as thatโd be asinine.
You only have to pay taxes for 10 years after expatriation if you set foot on US soil for more than 30 days during that period. |
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PapaStevesy
lemmy.world
PapaStevesy@lemmy.world Joined: 2024-06-18 |
Citizenship isn't free. You don't get to have your cake and eat it, too.
I got mine for free, how much did you pay for yours? |
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mcv
lemmy.zip
mcv@lemmy.zip Joined: 2025-08-07 |
This is not because anyone wants to discriminate against Americans (maybe they do, but it's unrelated to this rule), but because of rules the US forces on the rest of the world. There are special tax reporting rules for US Persons that banks have to obey if they want to be able to do business with the US at all. If you can't or don't want to follow those special rules, avoiding having US Persons as customer is the easiest way to comply. I've worked for several Dutch banks, and US Person is a special category they have to deal with. No other nationality has this. Maybe Ethiopia? But that's easily ignored. But nobody ignores the US. They have no choice but to comply. Vote for a different tax code if you don't like it. |
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Wispy2891
lemmy.world
Wispy2891@lemmy.worldJoined: 2023-07-13 |
It's not because they banned us citizens. It's because the us government is one of the few ones that wants to tax stuff that their citizens earned in other countries, so banks and similar they need to report wealth and income to the government The checkbox isn't "if you're American we can't offer you services", when you select that, then you have an extra form to fill, that's it |
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mcv
lemmy.zip
mcv@lemmy.zip Joined: 2025-08-07 |
I'm wondering how the fuck are they even gonna know you paid them or not. If I am living in Germany, with a German employer, why the fuck are they telling the US what my wages are?
Because otherwise none of their customers will be able to do business with the US. They would like their customers to be able to do business with the US, so their only options are to either follow reporting rules for US Persons, or avoid having US Persons as customer. It sucks, but it's the US government forcing this on everybody, and because of the economic dominance of the US, the rest of the world has no choice but to comply. |
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mcv
lemmy.zip
mcv@lemmy.zip Joined: 2025-08-07 |
In other countries, you pay taxes if you actually live there. If I move to Spain and live there for enough days per year, my taxes go to Spain, not Estonia. The US system I believe means you get double taxed if you live and work elsewhere, although I'm not 100% sure.
I think you can usually deduct the taxes you pay elsewhere, but you will still have to file your taxes, which is apparently a rather painful process in the US. |
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mcv
lemmy.zip
mcv@lemmy.zip Joined: 2025-08-07 |
Itโs not discriminatory. They donโt have any legal obligation to serve citizens of foreign countries. Citizen of USA isnโt a protected class. When they do serve American citizens it triggers a whole lot of regulatory work, and itโs understandable they donโt want to do that unless youโre a high net worth individual (ie they make enough profit to cover that cost)
The rule is not just for US citizens, but for a specific category called "US Person", which is broader, and I think it includes anyone with any tie to the US. I believe having American parents, having had US citizenship even if you renounced it, or having had a greencard, also count. Though I don't know the exact rules. The rule is way too broad, and you can't get rid of it. I've heard of people who've never set foot in the US who discovered later in life that they were US Persons, and it sucks. Their banks force them to comply because otherwise the bank can't do business with the US. |
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Sassington
feddit.uk
Sassington@feddit.uk Joined: 2024-09-23 |
If you renounce your citizenship the US government still expects you to pay taxes for the next 10 fucking years. Do you think that sounds reasonable too?
No they don't, this is why Boris Johnson gave up his American citizenship. (https://www.ftadviser.com/content/7fdbf645-1cc6-5f78-b01b-10c9c9eff904) |
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myplacedk
lemmy.world
myplacedk@lemmy.world Joined: 2023-07-15 |
It's not that funny tbh, they're people being treated poorly by their government
And yet they keep voting for anyone that likes to treat people poorly. I don't know what to think anymore. |
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myplacedk
lemmy.world
myplacedk@lemmy.world Joined: 2023-07-15 |
That's crazy. I never had any of these issues living in Japan. Why does the EU make it so much harder than Japan does?
Too many people wants to live in EU, so they limit it the best way they can figure out. Unfortunately that is not a very good way. Incredibly better than what US is currently doing, but still not great. |
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T156
lemmy.world
T156@lemmy.world Joined: 2023-06-14 |
I got it as a baby with no money
You wouldn't download a citizenship |
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myplacedk
lemmy.world
myplacedk@lemmy.world Joined: 2023-07-15 |
Off topic but I hate that that phrase is backwards. If you have a cake you can eat that cake or you're in the process of eating it ("having cake"). If you eat a cake you can't then have it other than having it in your belly. I know I'm being pedantic and off topic, but you're getting downvote to hell so what's it matter?
It's it "having" as in owning it? "I have a cake". You can't eat a cake, and then still have it. |
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hanke
feddit.nu
hanke@feddit.nu Joined: 2023-07-01 |
But they still have to report it, even if it is below.
And those forms are no joke. |
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NocturnalMorning
lemmy.world
NocturnalMorning@lemmy.world Joined: 2023-06-30 |
Citizenship isn't free. You don't get to have your cake and eat it, too.
Wow, I've never seen a post get a whole 100 downvotes before. This is a special moment for me. |
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FosterMolasses
leminal.space
FosterMolasses@leminal.space Joined: 2025-01-17 |
HAHAHAHAHA!!! |
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FosterMolasses
leminal.space
FosterMolasses@leminal.space Joined: 2025-01-17 |
is powerful enough to bully all other countries into compliance But not to tax the rich or corporations at all.
Exactly, how about the president pay taxes first lmao Wish the American populace were brave enough to dump their tea in the harbor like before |
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FosterMolasses
leminal.space
FosterMolasses@leminal.space Joined: 2025-01-17 |
Wow, I've never seen a post get a whole 100 downvotes before. This is a special moment for me.
It's peak regime indoctrination in action. |
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FosterMolasses
leminal.space
FosterMolasses@leminal.space Joined: 2025-01-17 |
Because otherwise none of their customers will be able to do business with the US. They would like their customers to be able to do business with the US, so their only options are to either follow reporting rules for US Persons, or avoid having US Persons as customer. It sucks, but it's the US government forcing this on everybody, and because of the economic dominance of the US, the rest of the...
Ah, there's the solution. Stop doing business with the US. |
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Treczoks
lemmy.world
Treczoks@lemmy.world Joined: 2023-07-09 |
And those forms are no joke.
Probably the usual "US deals with foreigner" type of forms. Which threaten horrible consequences if you enter something wrong while at the same time offer only the letters a to z, digits, and a few interpunctation signs. Which means that I cannot enter my correct address in such a form. And for other people it is even worse, like people using Asian languages. |
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FosterMolasses
leminal.space
FosterMolasses@leminal.space Joined: 2025-01-17 |
Except for maybe eight countries. The US, North Korea and a few small Pacific island states, if I recall correctly.
Gotta love how these two countries are suddenly being used in the same sentence all the time lol |
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FosterMolasses
leminal.space
FosterMolasses@leminal.space Joined: 2025-01-17 |
american in europe here, this is true. it's very nearly impossible to open a bank account. There is exactly one bank in Switzerland who allows americans to open accounts, UBS. So far no banks in france have allowed me to open an account, even though I have a french residency permit. This makes it nearly impossible to take loans to buy things like houses or cars. Basically life here is impossibl...
This is crazy to learn about. Afaik no Americans in the UK have ever had issues opening bank accounts, even students. |
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NocturnalMorning
lemmy.world
NocturnalMorning@lemmy.world Joined: 2023-06-30 |
It's peak regime indoctrination in action.
Yeah, taxes are supposed to support services for people living in a country. Their comment is exceptionally dumb. |
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foobaz
lemmy.world
foobaz@lemmy.world Joined: 2023-06-17 |
yeah I have eu citizenship and can't open an account in europe. Now I can if I am resident to the particular area. I think europe is losing a big opportunity as I would not be surprised if quite a few us people would not mind having a bit of euros in a better run banking system just in case. They should tell the us to shove it with whatever laws or treaties prevent this.
Nah, all eu countries will honor their tax treaties with the us. If the us gov/irs wants to fuck over their citizens that's your problem. |
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HubertManne
piefed.social
HubertManne@piefed.social Joined: 2025-03-13 |
Nah, all eu countries will honor their tax treaties with the us. If the us gov/irs wants to fuck over their citizens that's your problem.
well and lost opportunity. What makes a reserve currency is people keeping accounts in that currency. |
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YappyMonotheist
lemmy.world
ArgumentativeMonotheist@lemmy.world Joined: 2025-04-26 |
That's crazy. I never had any of these issues living in Japan. Why does the EU make it so much harder than Japan does?
I might be wrong but it could be because America has uhh integrated itself with Japan pretty well ever since they capitulated to the Burgers in WW2. |
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traxex
lemmy.dbzer0.com
traxex@lemmy.dbzer0.com Joined: 2025-12-19 |
Ah, there's the solution. Stop doing business with the US.
I only see this as a win. |
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lechekaflan
lemmy.world
lechekaflan@lemmy.worldJoined: 2023-06-21 |
This is one of those little catches anyone preaching to their relatives to emigrate don't say about. I live in a third world country, and until Trump, nearly everyone wants a fucking green card thinking it's gonna make them happy. |
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YappyMonotheist
lemmy.world
ArgumentativeMonotheist@lemmy.world Joined: 2025-04-26 |
This is one of those little catches anyone preaching to their relatives to emigrate don't say about. I live in a third world country, and until Trump, nearly everyone wants a fucking green card thinking it's gonna make them happy.
If you have two nationalities, couldn't you just be sneaky and never tell the authorities of the country you moved to? If you're not planning on going back, for example, what would be the problem? |
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DupaCycki
lemmy.world
DupaCycki@lemmy.worldJoined: 2025-08-17 |
It's not because they banned us citizens. It's because the us government is one of the few ones that wants to tax stuff that their citizens earned in other countries, so banks and similar they need to report wealth and income to the government The checkbox isn't "if you're American we can't offer you services", when you select that, then you have an extra form to fill, that's it
One of exactly two. |
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username123
sh.itjust.works
username123@sh.itjust.works Joined: 2025-07-06 |
Citizenship isn't free. You don't get to have your cake and eat it, too.
Oh but the cheap labor from non-citizens should be free from basic human civil rights protections, right? /s fkn idiot, you make me ashamed to be in the same country with you |
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JustTesting
lemmy.hogru.ch
JustTesting@lemmy.hogru.ch Joined: 2023-06-25 |
It's because the us government is one of the few ones that wants to tax stuff that their citizens earned in other countries One of exactly two.
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Pika
sh.itjust.works
Pika@sh.itjust.worksJoined: 2023-08-15 |
Funny, because it's free everywhere else. Sounds like a bit of a shithole country.
Wait, is there actually countries out there where you don't pay taxes? I'm guessing they must run off a very heavy business tax because the money has to come from somewhere in order for the government to be able to operate. Or is it the gov just says "this will happen" and always has a blank check with no requirement to repay. Don't misunderstand my comment. I think it's ridiculous for a country to expect you to pay taxes without living there. But like, taxes would be your citizenship burden |
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Pika
sh.itjust.works
Pika@sh.itjust.worksJoined: 2023-08-15 |
Renounce your citizenship.
I want to add that renouncing your citizenship also isn't a valid option for many during the stages they talked about One of the hard requirements for renouncing your citizenship is having citizenship in another country, and that is easier said than done in many countries. Like for example, Canada, you have to be a perm resident in the country for four years and also have lived there for the past six, Mexico requires 5 years. most of the EU has 5-10 years as their resident requirement. And that's also ignoring the cost that they require of a citizen to renounce their Citizenship. It's 2300+ USD to do if you manage to get it first try, and that can be denied still. Once you are established somewhere else as a citizen, fully agree. But that's defo easier said than done. |
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tetris11
feddit.uk
tetris11@feddit.ukJoined: 2025-02-17 |
And yet they keep voting for anyone that likes to treat people poorly. I don't know what to think anymore.
That's a really hasty (hazy?) generalization of the US. The 50501 riots should tell you that a large fraction of Americans are not for this, but their heavily gerrymandered voting system shackles them to it |
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Ajen
sh.itjust.works
Ajen@sh.itjust.works Joined: 2023-06-14 |
If you have two nationalities, couldn't you just be sneaky and never tell the authorities of the country you moved to? If you're not planning on going back, for example, what would be the problem?
Sounds like fraud. As long as no one finds out you'd probably get away with it, but you would be committing tax evasion according to US laws. If you really don't want to go back you can get rid of your US citizenship and avoid the problem. |
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Glytch
lemmy.world
Glytch@lemmy.world Joined: 2024-01-31 |
It's it "having" as in owning it? "I have a cake". You can't eat a cake, and then still have it.
That's what I'm saying, yes. |
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YappyMonotheist
lemmy.world
ArgumentativeMonotheist@lemmy.world Joined: 2025-04-26 |
Sounds like fraud. As long as no one finds out you'd probably get away with it, but you would be committing tax evasion according to US laws. If you really don't want to go back you can get rid of your US citizenship and avoid the problem.
I wonder if you could/would get extradited for not paying taxes to Uncle Sam. ๐ค But yeah, just renouncing the citizenship seems to be the way forward if you're not planning on coming back. |
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DupaCycki
lemmy.world
DupaCycki@lemmy.worldJoined: 2025-08-17 |
is it?
Looks like you're right, thanks for the link! Even though most of these countries only tax non-resident citizens if specific conditions aren't met, there still appear to be more than two that do it more or less unconditionally. |
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BastingChemina
slrpnk.net
BastingChemina@slrpnk.net Joined: 2023-06-16 |
If you have two nationalities, couldn't you just be sneaky and never tell the authorities of the country you moved to? If you're not planning on going back, for example, what would be the problem?
My experience is that in most cases, when asked about your nationality in a form it's easier and normal to only give one nationality. Like at the airport, even if I have multiple nationalities I only give one passport, I just have to make sure it's the right passport (the one with the visa for example). However in there case of back accounts, insurances ... They ask specifically "are you a U.S. citizen ?". In this case answering no to this question would be a clear lie. |
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Jikiya
lemmy.world
Jikiya@lemmy.world Joined: 2023-06-20 |
I wonder if you could/would get extradited for not paying taxes to Uncle Sam. ๐ค But yeah, just renouncing the citizenship seems to be the way forward if you're not planning on coming back.
Don't think extradited, but US would try to garnish/seize money going into that account, which is why foreign banks don't want to deal with the hassle of having a US customer. The extra legal requirements to have an account for you is just not worth it to them. The exception is only when you have a great deal of money, and then they can actually make money from your deposits. But then that amount of money in a bank is a sure sign you don't know how to manage your money. |
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JustTesting
lemmy.hogru.ch
JustTesting@lemmy.hogru.ch Joined: 2023-06-25 |
Looks like you're right, thanks for the link! Even though most of these countries only tax non-resident citizens if specific conditions aren't met, there still appear to be more than two that do it more or less unconditionally.
Yes it's a pretty short list and with some caveats. Actually I almost didn't double check when reading your message, as "only the US and some dictatorship" (e.g. use of metric system) is usually how these things go, but I was curious and found the wiki page. |
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myplacedk
lemmy.world
myplacedk@lemmy.world Joined: 2023-07-15 |
That's a really hasty (hazy?) generalization of the US. The 50501 riots should tell you that a large fraction of Americans are not for this, but their heavily gerrymandered voting system shackles them to it
I know all that. But even if it's not the majority, it's still s looot of people. |
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