Introduction:
https://twitter.com/millionsofmoth1/status/1152476890260598784
When it comes to Americans abroad, a community is the same as a village.
To quote John who I believe may have been quoting someone else 🙂 "it takes a village". It really does! https://t.co/7n9cB2NfPC
— Monte Silver (@MonteSilver1) July 16, 2019
Which is why it saddens me to read …
This will be my last tweet or like about #FATCA, #CBT citizenship based taxation, or the plight of US citizens who permanently live abroad. In 2010 the US Congress voted to force all foreign banks to identify 'US persons', with the purpose of enforcing tax residents of other …
— Jay Noone (@JayNoonez) July 20, 2019
countries to also pay taxes in the US. But the vast majority of us wouldn't owe anything to the US unless wealthy. The tax forms are complex, don't cover the type of financial products such as pensions or college savings accounts available in some countries.
— Jay Noone (@JayNoonez) July 20, 2019
Lots of banks stopped providing services to US citizens. I also strongly object to the compliance costs forced on small countries such as New Zealand, $10's of millions to try and identify people with a US connection. Those of us who married find our joint bank
— Jay Noone (@JayNoonez) July 20, 2019
accounts may be reported to what our spouses consider to be a foreign government. Rock and a hard place when they say no, nothing to do with me. Why doesn't US join international CRS scheme? Anyway, I've done my best to explain my situation to US relatives multiple times. …
— Jay Noone (@JayNoonez) July 20, 2019
And I've just had my sister visit me. She asked, 'How are things with you and the US government, it's to do with the Magnitsky Act, isn't it?' First reaction, wow she knows this Act?, second reaction, what is the point if even family don't understand #FATCA, #CBT. I'm done.
— Jay Noone (@JayNoonez) July 20, 2019
Please remember that …
The difficult we do today. The impossible takes a little longer. Hang in! https://t.co/KhJInbD6MH
— John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) July 20, 2019
Thanks to @JayNoonez for his contributions over the years! He should be recognized as an “Unsung Hero Of Life“.
John Richardson – Follow me on Twitter @Expatriationlaw