Citizenship isn’t free. You don’t get to have your cake and eat it, too.
Comment on "US Person": is a red flag for financial institutions in Europe
PlutoniumAcid@lemmy.world 1 month ago
Google FATCA, the US Foreign Account Tax Compliance Act.
Anyone anywhere in the world that is either US citizen, or a green card holder, or in other ways related to Murica, must pay US taxes. It’s insane, but the US tax system is powerful enough to bully all other countries into compliance.
Don’t get me started. 🤮
p03locke@lemmy.dbzer0.com 1 month ago
floofloof@lemmy.ca 1 month ago
Funny, because it’s free everywhere else. Sounds like a bit of a shithole country.
AllNewTypeFace@leminal.space 1 month ago
Except for maybe eight countries. The US, North Korea and a few small Pacific island states, if I recall correctly.
FosterMolasses@leminal.space 1 month ago
The US, North Korea and
Gotta love how these two countries are suddenly being used in the same sentence all the time lol
Pika@sh.itjust.works 1 month ago
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
Thteven@lemmy.world 1 month ago
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?
theneverfox@pawb.social 1 month ago
Haven’t heard that before, that’s wild
Kolanaki@pawb.social 1 month ago
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?
mcv@lemmy.zip 1 month ago
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.
Sassington@feddit.uk 1 month ago
No they don’t, this is why Boris Johnson gave up his American citizenship.
grue@lemmy.world 1 month ago
This isn’t about Americans’ obligation to pay. It’s about hassle being forced upon foreign companies that have fuck-all to do with America (except for having American expat customers), to make them help collect the taxes on the US’ behalf.
muusemuuse@sh.itjust.works 1 month ago
It literally is.
Captain_Buddha@lemmy.world 1 month ago
Who the fuck is getting cake!? The only thing we’re eating is shit from the Oligarchs.
boonhet@sopuli.xyz 1 month ago
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.
mcv@lemmy.zip 1 month ago
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.
PapaStevesy@lemmy.world 1 month ago
I got mine for free, how much did you pay for yours?
NocturnalMorning@lemmy.world 1 month ago
Wow, I’ve never seen a post get a whole 100 downvotes before. This is a special moment for me.
FosterMolasses@leminal.space 1 month ago
It’s peak regime indoctrination in action.
NocturnalMorning@lemmy.world 1 month ago
Yeah, taxes are supposed to support services for people living in a country. Their comment is exceptionally dumb.
El_guapazo@lemmy.world 1 month ago
I got it as a baby with no money
T156@lemmy.world 1 month ago
You wouldn’t download a citizenship
Glytch@lemmy.world 1 month ago
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?
myplacedk@lemmy.world 1 month ago
It’s it “having” as in owning it? “I have a cake”.
You can’t eat a cake, and then still have it.
Glytch@lemmy.world 1 month ago
That’s what I’m saying, yes.
username123@sh.itjust.works 1 month ago
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
Thedogdrinkscoffee@lemmy.ca 1 month ago
But not to tax the rich or corporations at all.
PlutoniumAcid@lemmy.world 1 month ago
They can do anything they want. That is just something they don’t want to do. Again, 🤮
FosterMolasses@leminal.space 1 month ago
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