Couldn't agree more man, cryptocurrency was originally seen as an anonymous decentralized payment method/store of assets(maybe) but now all the crypto crowd are thrilled for banks to be getting involved lol. The IRS currently has Operation Treasure Hunt targeting undeclared crypto will be...
i have the ability to get citizenship thanks to marriage and I own a business in the same country so luckily i do not need to spend money on a citizenship :) also its an EU passport but ill be living in a Caribbean territory of the EU country. I just need another year and a half to be eligible...
will be reaching out to you Fred to use your services once my US citizenship is gone in another year here :) what is the minimum deposits with the banks over in the UAE is 6 figures enough?
Does anyone have experience with Bank of Asia in the British Virgin Islands for personal accounts and what the level of service is like? Is there any other banks anyone would recommend in the BVI that accept non-residents?
The United States in particular is due for a civil war, Biden has not reduced political tensions even if CNN and MSNBC are acting like things have returned to "normal" hopefully Biden's policies when it comes to oil drilling, gun policy, and tax policy could be the beginning of a red state...
Yellen has said she wants to take it to the OECD so your assessment is gonna be 100% correct more than likely. In my dreams I wish the low/no tax jurisdictions would band together and tell the OECD, US, and EU to shove it. Even let CRS reporting fall apart in response and have a total return to...
https://edition.cnn.com/2021/04/05/politics/janet-yellen-global-cooperate-tax/index.html
here is a link to the CNN article, would love to know what everyones thoughts are on this happening. I am hoping maybe pushes like this could be the final straw for low/no tax jurisdictions to band together...
what is your thoughts on the cook islands now a days am considering opening an account there, i generally dont here many large issues from there and just hear its an expensive jurisfiction. I just want a bank to park cash in.
if they passed it, it would of course be stupid but since im living in the EU I dont foresee it causing me any issues in the same way an American citizen living in Kansas doesn't even know what FATCA is or about Citizenship based taxation. I plan to remain living in the EU country ill be a...
ill have an EU passport in under 2 years luckily, if I was going to have a Caribbean passport or a lower tier country I would probably not give my citizenship up then even with all the burdens that come with US citizenship. I look at my girlfriends EU passport though and laugh because she...
I'd renounce even if you have mid 6 figures the FATCA fines and everything are too high to risk and US accounting is costing me about $3K a year already to tell the US I owe them nothing lol and then I still have the accounting cost in the country i live in. In an ideal world I would never have...
like davis said neither party is particularly good for Americans living overseas. Republicans could've got rid of FATCA in their 2017 tax reform but didn't.
Indeed correct FATCA accomplishes the same kind of capital controls that China's restrictions do but in fact even better since I'd imagine a Chinese citizen can in fact get an account at many more offshore banksns2