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.
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.