US Ambassador to Switzerland, Suzan LeVine, must have been having a bad hair day. In a swissinfo
interview published yesterday she dropped a bomb and claimed that a reason for US taxation of its overseas citizens was that Americans abroad benefit from Social Security, Medicare and Medicaid. Like many Donald Trump statements, she was dead-wrong with this outrageous claim. swissinfo
did some fact checking with the former American Citizens Abroad director, Jackie Bugnion: According to Ms. Bugnion, ““ that’s not quite accurate”, because Social Security is linked to working in the US, not to citizenship, and Medicare and Medicaid services are only provided in the US. “
Indeed, Social Security, Medicare and Medicaid are primarily supported by US payroll taxes and not US income taxes. Americans abroad seldom pay US payroll taxes but are generally liable for US income taxes. Ambassador LeVine was seriously confused.
Ambassador LeVine’s outrageous remarks don’t stop there. She also claimed in the interview: “that helping American citizens in Switzerland is one of the US embassy’s top priorities. “We’ve been doing a lot to have a dialogue with the Swiss Bankers Association and with major banking institutions here to look at what are some of the ways to alleviate some of the stressors within the banking experience for US-related persons,” she says. “And there are some banks that are coming forward and saying ‘We take Americans!’ And so I think that we’ve made some traction on that. Hopefully more this coming year.””
The reality, of course, is that Americans in Switzerland can obtain current and savings accounts at several banks – which was also the case before Ambassador LeVine arrived - but are mostly excluded from any type of investment account in Switzerland. Outside of the company pension fund, Americans in Switzerland can forget about saving for retirement.
Below is a short list of unpleasant consequences as a result of the Obama administration‘s jihad against Americans in Switzerland: 1.
The number of Americans in Switzerland declined by 2.6% in the past 12 months while the number of all foreigners in Switzerland increased by 3.1%. 2.
The number of Americans on public welfare in Switzerland increased by 40% from 2009 to 2013. (2014 figures not yet available.) 3.
The number of renunciations at the US Embassy in Bern has apparently skyrocketed from under 100 in 2009 to over 1,100 in the first 10 months of 2014, according to a Federal Register document published last week. (The embassy is not identified in the document but it can be deduced to be the US Embassy in Bern.) 4.
The number of Americans who have become unemployed in Switzerland is unknown but is likely considerable and is evidenced by the decline in the number of Americans in Switzerland and the sharp increase in Americans on welfare.
In addition to being factually incorrect about Social Security, Medicare and Medicaid, Ambassador LeVine has tried to defend that which cannot be defended. Of course, her life hasn’t been destroyed by banking issues in Switzerland because she is only living here temporarily.
And one last item, Ambassador LeVine certainly has a distinctive hairstyle. Whether it is considered a tasteful or comical style is a matter of personal preference. Donald Trump may like his. http://www.swissinfo.ch/eng/suzi-lev...-woes/41630800