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?
Comment on "US Person": is a red flag for financial institutions in Europe
Thteven@lemmy.world 3 weeks agoIf 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?
Kolanaki@pawb.social 2 weeks ago
mcv@lemmy.zip 2 weeks 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.
FosterMolasses@leminal.space 2 weeks ago
Ah, there’s the solution.
Stop doing business with the US.
traxex@lemmy.dbzer0.com 2 weeks ago
I only see this as a win.
Sassington@feddit.uk 2 weeks ago
No they don’t, this is why Boris Johnson gave up his American citizenship.
theneverfox@pawb.social 3 weeks ago
Haven’t heard that before, that’s wild