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by koluna 2003 days ago
But that’s a whole separate problem, no?

That’s like saying “Accidental lottery winners complain they have to pay taxes, but hey, we need to make sure the tax code is good for everyone” - totally, but don’t paint the article like it’s some massive global problem of lottery winners struggling.

1 comments

You can find a continuous spectrum of Americans suffering FATCA and IRS struggles while living abroad.

At the end of the spectrum are these accidental Americans.

In the middle you can find e everything, e.g. your kid studying in the EU that cannot open a bank account there or issues getting a real estate loan to buy a house in the foreign country you work and live in. Essentially opening a bank account abroad is a no-go unless you lie or have a lot of money.

Then you have ultra wealthy tax evaders that were the target of those regulations. Obviously these people don't have a hard time opening bank relationships anywhere.

How is that different from any other country, where you can’t open a bank account unless you are a citizen or a resident?