Re:Why you might not want to incorporate in the USA
by nitai on Thursday March 13, 2014 @10:09AM
(#7391849)
It is not only an issue for US citizens, also for people who have been with the same bank for 30+ years and now leaving abroad. You can either pay tones of fees and at least have $50k in the account or you are forced to take your money elsewhere.
Luxembourg and Lichtenstein will gladly take you money, though ;-)
Re:Why you might not want to incorporate in the USA
by psuter on Thursday March 13, 2014 @11:00AM
(#7392203)
Actually, a little known provision of FATCA was introduced precisely to prevent financial institutions to discriminate against American taxpayers. If you read French:
http://www.letemps.ch/Page/Uuid/0a130fdc-238a-11e3-8a42-a451...
Since the US nowadays puts so much pressure on Swiss banks most - if not all of them - are extremely reluctant to open bank accounts for US citizens.