Re:How to disappear from the internet
by briandear on Sunday May 20, 2018 @09:11AM
(#17112549)
And you have really hinted at why FATCA is so distructive to overseas Americans..
[ Parent
| on HN ]
Only Americans? AEOI was inspired by FATCA and has started going into effect.
(Automatic Exchange of Information).
E.g. I have a bank account in Europe somewhere and automatically details of the account, its balance, etc get forwarded to my local tax authority. The scope of what gets forwarded is maybe a bit limited right now but these things have a tendency to only increase in scope.
If you think you’re not affected as a citizen of a European or other developed country such as Australia/Canada, think again. All OECD countries are taking part, and at least a few non-OECD countries.
Re:How to disappear from the internet
by squiggleblaz on Monday May 21, 2018 @12:38AM
(#17116166)
If you think you're not affected because you're in Australia, you're just deluded.
Re:How to disappear from the internet
by itronitron on Sunday May 20, 2018 @09:30AM
(#17112593)
can you elaborate on that, i.e. destructive to privacy or financial, or suggest reference material? thx
Re:How to disappear from the internet
by toomanybeersies on Sunday May 20, 2018 @11:17AM
(#17113089)
I presume GP is referring to the fact that FATCA requires foreign (to the USA) banks to share information on all their customers that could possibly be US citizens or residents.