| > To get the same records in the US, law enforcement would have to get a subpoena Don't any deposits over a threshold get reported domestically as well? IIRC 10k is the limit. > At the same time, the US has worked out Intergovernmental Agreements (IGA’s) with many countries, including the Netherlands Worked out... bullied. As I recall the threat was to stop allowing business with the US. > By the US definition, they are US citizens as well, and should have been filing US income tax forms every year. Many only discovered this recently and are now under threat of huge fines if they do not get compliant with the US taxation laws. The same goes for children of US citizens, like my son, who are born abroad but qualify as US citizens. Don't you have to apply to get citizenship? I thought it was more of you are entitled to citizenship. I can't imagine why anyone wouldn't tell the US gov't to get fucked in this situation, unless you actually are taking advantage of being a citizen. So glad Canada (and nowhere else but what, 1-2 countries?) have this global taxation BS. |