Comment on "US Person": is a red flag for financial institutions in Europe
Ajen@sh.itjust.works 1 week agoSounds 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.
ArgumentativeMonotheist@lemmy.world 1 week ago
I wonder if you could/would get extradited for not paying taxes to Uncle Sam. 🤔
But yeah, just renouncing the citizenship seems to be the way forward if you’re not planning on coming back.
Jikiya@lemmy.world 1 week ago
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.