Re:Why expat Americans are giving up their passports
by dalke on Wednesday February 10, 2016 @10:41AM
(#11073433)
Well, obviously they can't. This is especially so for American citizens who are citizen by blood, have never set foot in the US, and have no family to visit.
But notice how they've been working on new rules like FATCA that go after the citizen's bank, assuming the bank does any sort of business in the US?
For all I know, in 10 years the IRS will force the bank to extract penalties directly from someone's account.
Re:Why expat Americans are giving up their passports
by gcb0 on Wednesday February 10, 2016 @11:26AM
(#11073779)
the founder of a big french game studio filled for ipo two years after giving up his green card (not even citizenship).
the irs got the french gov to freeze all his assets claiming he was giving up citizenship to evade taxes.
What happens if someone with no plans to visit the US and no income from the US that could be garnished says "So - come and get it if you want it"?