Go Back   English Forum Switzerland > Living in Switzerland > Daily life  
Reply
 
Thread Tools Display Modes
  #21  
Old 24.06.2012, 11:46
latigresse's Avatar
Forum Veteran
 
Join Date: Feb 2007
Location: ZH
Posts: 692
Groaned at 28 Times in 23 Posts
Thanked 724 Times in 329 Posts
latigresse has a reputation beyond reputelatigresse has a reputation beyond reputelatigresse has a reputation beyond reputelatigresse has a reputation beyond repute
Re: Discriminatory Anti American Banking Law passed

Confloozed,

I just checked the American Citizens Abroad (ACA) site, and didn't see anything about this, and they're usually pretty up to date. I don't doubt that it's going to get more difficult for us here, but I think Slaphead has made a good suggestion -- one I will certainly heed.

In any event, these kinds of stories NEED to be told, and there are a number of conduits through which to do so. ACA had this announcement on its Facebook page:

"Two journalists, Sanat Vallikappen (vallikappen@bloomberg.net) from Bloomberg and Josh Spero (Josh.Spero@spearswms.com) from Spears Wealth Management Magazine are preparing articles on issues affecting Americans living and working overseas. They are looking to speak to Americans on these issues. If you would like to know more about their upcoming articles and potentially contribute please contact them at the emails listed above."

I'd suggest every US expat having problems with banking and other issues get in touch with these journalists and tell their stories. The issues affecting us need to be publicized as much as possible.
__________________
"Sell crazy someplace else, we're all stocked up here." ~ Jack Nicholson in As Good As It Gets
Reply With Quote
The following 6 users would like to thank latigresse for this useful post:
  #22  
Old 24.06.2012, 11:51
Verbier's Avatar
Forum Legend
 
Join Date: Jul 2008
Location: Lully VD
Posts: 4,385
Groaned at 17 Times in 17 Posts
Thanked 4,650 Times in 2,351 Posts
Verbier has a reputation beyond reputeVerbier has a reputation beyond reputeVerbier has a reputation beyond reputeVerbier has a reputation beyond reputeVerbier has a reputation beyond reputeVerbier has a reputation beyond repute
Re: Discriminatory Anti American Banking Law passed

@ Curt

The website you mention is http://isaacbrocksociety.ca/
Reply With Quote
This user would like to thank Verbier for this useful post:
  #23  
Old 24.06.2012, 12:36
Junior Member
 
Join Date: Mar 2012
Location: St Gallen
Posts: 58
Groaned at 1 Time in 1 Post
Thanked 59 Times in 28 Posts
Curt has earned some respectCurt has earned some respect
Re: Discriminatory Anti American Banking Law passed

Quote:
View Post
@ Curt

The website you mention is http://isaacbrocksociety.ca/
Verbier, thanks for catching the typo and posting the correct address of the Isaac Brock Society.

- This website seems to be filling a need for US citizens abroad. Since it moved from its old .com to its new .ca address on 5 June 2012, there have already been 81,000 hits, as of this morning.

Here's a link to a humourous story in the Vancouver Sun called "The Accidental Kenyan: What if African tax policy copied U.S.'s?"

http://www.vancouversun.com/news/acc...291/story.html

I like the part where his advisor asks Obama whether he and Michelle are getting along?
Reply With Quote
The following 2 users would like to thank Curt for this useful post:
  #24  
Old 24.06.2012, 15:43
Confloozed's Avatar
Forum Legend
 
Join Date: Dec 2007
Location: Zurich
Posts: 4,801
Groaned at 104 Times in 91 Posts
Thanked 4,965 Times in 2,360 Posts
Confloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond repute
Re: Discriminatory Anti American Banking Law passed

Quote:
View Post
To clear up the confusion, postfinance has online banking, and I find the interface extremely easy to work with, and it's in english.

And I'm not sure about your ranting about the child allowance, that one should be coming via your employer... ???
I have had my child allowance discussed in full with me at the AHV and if you are an American you don't get it. Period. I should get it, they thought so at UNIA and the RAV. They told me to go back to my previous employers and collect on it. The previous employers provided all the documentation necessary, and then the GastroSocial plan and AHV told me that they were sorry I didn't qualify because I was an American, it would also not go Australians and I think Canadians as well.

I am not spreading dis information when my bank, they I have had a wonderfully helpful relationship for almost 5 years, tells me I am going to have to get myelf prepared because I will be expelled soon, and that they will send it in writing because of a change in Swiss banking law that applies to Americans. Foreigners with Swiss bank accounts, also not living in Switzerland will have their accounts closed as well, but this is not what I was talking about. I was talking about Americans. And I find it terrible that people are calling me a liar, then groaning me for it, because of true experience that has happened to me. I never come on here before and told lies, I guess this is the best time to start.
Reply With Quote
  #25  
Old 24.06.2012, 16:02
SamWeiseVielleicht's Avatar
Forum Veteran
 
Join Date: Nov 2009
Location: Bern
Posts: 725
Groaned at 11 Times in 10 Posts
Thanked 893 Times in 397 Posts
SamWeiseVielleicht has a reputation beyond reputeSamWeiseVielleicht has a reputation beyond reputeSamWeiseVielleicht has a reputation beyond reputeSamWeiseVielleicht has a reputation beyond repute
Re: Discriminatory Anti American Banking Law passed

Quote:
View Post
I have had my child allowance discussed in full with me at the AHV and if you are an American you don't get it. Period. I should get it, they thought so at UNIA and the RAV. They told me to go back to my previous employers and collect on it. The previous employers provided all the documentation necessary, and then the GastroSocial plan and AHV told me that they were sorry I didn't qualify because I was an American, it would also not go Australians and I think Canadians as well.
I take it that your kids are not living in Switzerland. Then (for american citizens) the (mutual) agreement on social security between Switzerland and the US applies, which effectively excludes the "exportation" of child allowances. You are right.


Quote:
View Post
I am not spreading dis information when my bank, they I have had a wonderfully helpful relationship for almost 5 years, tells me I am going to have to get myelf prepared because I will be expelled soon, and that they will send it in writing because of a change in Swiss banking law that applies to Americans. Foreigners with Swiss bank accounts, also not living in Switzerland will have their accounts closed as well, but this is not what I was talking about. I was talking about Americans. And I find it terrible that people are calling me a liar, then groaning me for it, because of true experience that has happened to me. I never come on here before and told lies, I guess this is the best time to start.
All we are saying is that the law that changed was not Swiss, but rather American.
Reply With Quote
The following 2 users would like to thank SamWeiseVielleicht for this useful post:
  #26  
Old 24.06.2012, 16:28
Newbie
 
Join Date: Jun 2012
Location: Wallis
Posts: 1
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
magol82 has no particular reputation at present
Re: Discriminatory Anti American Banking Law passed

This is aggrevating, yes! And I understand you have to let off steam, but please don't discriminate against others by comparing yourself to a Somali citizen! You don't know what they have to go through or any other non-Swiss for that matter. Thanks!


I pay into a benefits program from my salary that everyone, almost, gets to draw from every month for a child allowance, in my case it would be 250 CHF, but because I hold a US passport, and not, say a Somali one, I can't get the money for my kids. But the Somali can. He and I pay the same taxes, but I am discriminated against, making my life that much more expensive here. I am amused by people's arrogance.[/QUOTE]
Reply With Quote
  #27  
Old 24.06.2012, 16:49
SamWeiseVielleicht's Avatar
Forum Veteran
 
Join Date: Nov 2009
Location: Bern
Posts: 725
Groaned at 11 Times in 10 Posts
Thanked 893 Times in 397 Posts
SamWeiseVielleicht has a reputation beyond reputeSamWeiseVielleicht has a reputation beyond reputeSamWeiseVielleicht has a reputation beyond reputeSamWeiseVielleicht has a reputation beyond repute
Re: Discriminatory Anti American Banking Law passed

Quote:
View Post
I pay into a benefits program from my salary that everyone, almost, gets to draw from every month for a child allowance, in my case it would be 250 CHF, but because I hold a US passport, and not, say a Somali one, I can't get the money for my kids. But the Somali can. He and I pay the same taxes, but I am discriminated against, making my life that much more expensive here. I am amused by people's arrogance.
A Somali citizen would not get child allowance for his children if they live outside of Switzerland.
Reply With Quote
This user would like to thank SamWeiseVielleicht for this useful post:
  #28  
Old 24.06.2012, 17:03
st2lemans's Avatar
Forum Legend
 
Join Date: Dec 2010
Location: Lugano
Posts: 32,246
Groaned at 2,468 Times in 1,785 Posts
Thanked 39,343 Times in 18,544 Posts
st2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond repute
Re: Discriminatory Anti American Banking Law passed

Quote:
View Post
I have had my child allowance discussed in full with me at the AHV and if you are an American you don't get it. Period.
When did this start?

Back when I was only American, I got it, and also when I was dual US-CH.

Tom
Reply With Quote
This user would like to thank st2lemans for this useful post:
  #29  
Old 24.06.2012, 17:18
SamWeiseVielleicht's Avatar
Forum Veteran
 
Join Date: Nov 2009
Location: Bern
Posts: 725
Groaned at 11 Times in 10 Posts
Thanked 893 Times in 397 Posts
SamWeiseVielleicht has a reputation beyond reputeSamWeiseVielleicht has a reputation beyond reputeSamWeiseVielleicht has a reputation beyond reputeSamWeiseVielleicht has a reputation beyond repute
Re: Discriminatory Anti American Banking Law passed

Quote:
View Post
When did this start?

Back when I was only American, I got it, and also when I was dual US-CH.

Tom
My guess is that your children were living in Switzerland (when you only had the US citizenship). As a dual citizen, you would get the same amount as any other Swiss.
Reply With Quote
  #30  
Old 24.06.2012, 21:09
Guest
 
Posts: n/a
Re: Discriminatory Anti American Banking Law passed

Confloozed, I understand your discouragement but it is not the fault of the Swiss. If you have another citizenship you may want to go this route. US citizenship is becoming a pain for those living outside the country. Basically what the US has done is "throw its citizens under the bus." They are not thinking about the consequences of what they are doing, they are only thinking about what they can get. Life is never one-sided but US politics has lost all reasoning on many levels....try to relax and consider alternatives if you have any.
Reply With Quote
The following 4 users would like to thank for this useful post:
  #31  
Old 24.06.2012, 22:16
Confloozed's Avatar
Forum Legend
 
Join Date: Dec 2007
Location: Zurich
Posts: 4,801
Groaned at 104 Times in 91 Posts
Thanked 4,965 Times in 2,360 Posts
Confloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond repute
Re: Discriminatory Anti American Banking Law passed

Quote:
View Post
This is aggrevating, yes! And I understand you have to let off steam, but please don't discriminate against others by comparing yourself to a Somali citizen! You don't know what they have to go through or any other non-Swiss for that matter. Thanks!


I pay into a benefits program from my salary that everyone, almost, gets to draw from every month for a child allowance, in my case it would be 250 CHF, but because I hold a US passport, and not, say a Somali one, I can't get the money for my kids. But the Somali can. He and I pay the same taxes, but I am discriminated against, making my life that much more expensive here. I am amused by people's arrogance.
[/QUOTE]

So I can't use the fact that Somali's can claim this benefit, when I cannot? Should I seek out a whiter nation to use as an example. Sorry, but America is 50.1% shades of color more then white now. So perhaps I can qualify using Somalia, that factually does mean they can take the child allowance and I can't.

Did I just discriminate because I said one nation of people could take the child allowance, while another cannot? Damn, being termed a racist has grown far past it's actual meaning. In that case I apologize, and I also apologize to the herbavores as well. I am sure their feelings were hurt as well when I said Nation X as opposed to Nation Q got certain benefits over others. Really.
Reply With Quote
  #32  
Old 24.06.2012, 22:18
Confloozed's Avatar
Forum Legend
 
Join Date: Dec 2007
Location: Zurich
Posts: 4,801
Groaned at 104 Times in 91 Posts
Thanked 4,965 Times in 2,360 Posts
Confloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond repute
Re: Discriminatory Anti American Banking Law passed

Quote:
Confloozed, I understand your discouragement but it is not the fault of the Swiss. If you have another citizenship you may want to go this route. US citizenship is becoming a pain for those living outside the country. Basically what the US has done is "throw its citizens under the bus." They are not thinking about the consequences of what they are doing, they are only thinking about what they can get. Life is never one-sided but US politics has lost all reasoning on many levels....try to relax and consider alternatives if you have any.
I am relaxed. I am also being discriminated against. Thank you some useful input to the discussion.
Reply With Quote
  #33  
Old 25.06.2012, 08:53
Member
 
Join Date: Aug 2011
Location: Bern
Posts: 196
Groaned at 3 Times in 1 Post
Thanked 177 Times in 72 Posts
EvenPar has earned the respect of manyEvenPar has earned the respect of manyEvenPar has earned the respect of many
Re: Discriminatory Anti American Banking Law passed

I moved over here in August at the same time as a colleague from China. He had no problem opening a bank account. When I went to the UBS, Credit Suisse, the Kantonsbank, they said that they would not open an account under any circumstances. They said that US government rules were too costly to deal with.

I asked them to take a second look at my passport. It does not have an eagle on it. It might be blue, but it is Canada. No luck. When my carte de legitimation came in Post Finance opened an account for me. Based upon that account I was able to open a rental security account, but nothing more at UBS.

It would appear that Swiss bank managers, like many Swiss are geographically challenged when it comes to understanding that Canada is not part of the US.

After 10 months here, I have learned that in these matters there is no point in fighting the system. I will just apply for Italian citizenship.
Reply With Quote
This user would like to thank EvenPar for this useful post:
  #34  
Old 25.06.2012, 08:59
drmom's Avatar
Forum Veteran
 
Join Date: Apr 2011
Location: Somewhere in SG
Posts: 2,341
Groaned at 12 Times in 12 Posts
Thanked 2,187 Times in 1,050 Posts
drmom has a reputation beyond reputedrmom has a reputation beyond reputedrmom has a reputation beyond reputedrmom has a reputation beyond reputedrmom has a reputation beyond repute
Re: Discriminatory Anti American Banking Law passed

Quote:
View Post
Raiffeisen Bank recently acquired a private bank which was deeply engulfed in problems with the USA, and so of course had to react. PostFinance however is NOT active abroad and is owned by the Confederation and so NOT in a critical position.
I know

Quote:
View Post

Migros Bank was forcing me, solely due to the fact that I have US citizenship, to open a brokerage account (Depotkonto) to buy one share of US GE, which would cost CHF 40 per year to maintain, plus a one-time transaction cost to buy the one share (I recall CHF 100). I refused their ultimatum and so I am being tossed out. Migros Bank can go to h....
unfortunately, the paperwork and manpower required by the Swiss banks to comply with FACTA costs money. The banks aren't going to graciously accept those extra costs, that wouldn't make very good business sense. I will be interested to see if Raiffeisen kicks me out or not. I should ask them, but I am afraid
Reply With Quote
This user would like to thank drmom for this useful post:
  #35  
Old 25.06.2012, 10:23
sashimiso's Avatar
Forum Veteran
 
Join Date: Sep 2011
Location: riehen
Posts: 549
Groaned at 58 Times in 30 Posts
Thanked 414 Times in 224 Posts
sashimiso has an excellent reputationsashimiso has an excellent reputationsashimiso has an excellent reputationsashimiso has an excellent reputation
Re: Discriminatory Anti American Banking Law passed

Quote:
View Post
I moved over here in August at the same time as a colleague from China. He had no problem opening a bank account. When I went to the UBS, Credit Suisse, the Kantonsbank, they said that they would not open an account under any circumstances. They said that US government rules were too costly to deal with.

I asked them to take a second look at my passport. It does not have an eagle on it. It might be blue, but it is Canada. No luck. When my carte de legitimation came in Post Finance opened an account for me. Based upon that account I was able to open a rental security account, but nothing more at UBS.

It would appear that Swiss bank managers, like many Swiss are geographically challenged when it comes to understanding that Canada is not part of the US.

After 10 months here, I have learned that in these matters there is no point in fighting the system. I will just apply for Italian citizenship.
good luck with your italian citizenship... that is a difficult road. I spent almost two years working on it and finally threw in the towel. maybe it is different coming from Canada, but from the US you need to have an Apostle for every document which I believe can expire (I forget to be honest, I have not looked at it for 5 or more years).... and every document is birth/marriage/death for your parents and hopefully, you are eligible through your mother, not your father.

best of luck
Reply With Quote
  #36  
Old 25.06.2012, 10:24
sashimiso's Avatar
Forum Veteran
 
Join Date: Sep 2011
Location: riehen
Posts: 549
Groaned at 58 Times in 30 Posts
Thanked 414 Times in 224 Posts
sashimiso has an excellent reputationsashimiso has an excellent reputationsashimiso has an excellent reputationsashimiso has an excellent reputation
Re: Discriminatory Anti American Banking Law passed

folks... in terms of the banks and accounts for US citizens... I read most of the thread but didn't see it clearly stated...

my understanding was that the closing of accounts was for US citizens who no longer lived and worked in Switzerland. Correct?
Reply With Quote
This user would like to thank sashimiso for this useful post:
  #37  
Old 25.06.2012, 10:45
Forum Legend
 
Join Date: Apr 2008
Location: Zurich
Posts: 3,740
Groaned at 72 Times in 51 Posts
Thanked 3,973 Times in 2,142 Posts
rainer_d has a reputation beyond reputerainer_d has a reputation beyond reputerainer_d has a reputation beyond reputerainer_d has a reputation beyond reputerainer_d has a reputation beyond reputerainer_d has a reputation beyond repute
Re: Discriminatory Anti American Banking Law passed

Has hit the mainstream-press (once again):
http://www.tagesanzeiger.ch/wirtscha...story/13668921
Reply With Quote
The following 3 users would like to thank rainer_d for this useful post:
  #38  
Old 25.06.2012, 12:34
Corbets's Avatar
Forum Legend
 
Join Date: Mar 2007
Location: DK - previously Zug
Posts: 3,321
Groaned at 168 Times in 122 Posts
Thanked 6,707 Times in 2,237 Posts
Corbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond repute
Re: Discriminatory Anti American Banking Law passed

Quote:
View Post
folks... in terms of the banks and accounts for US citizens... I read most of the thread but didn't see it clearly stated...

my understanding was that the closing of accounts was for US citizens who no longer lived and worked in Switzerland. Correct?
Jein. PostFinance, at least, is closing acounts for US citizens who are not resident in Switzerland. Other banks are just closing all accounts related in any way to American persons (i.e. American citizens, dual citizens, greencard holders, husband to an American citizen, etc.).

From the article:

Quote:
Der Hintergrund dieser Entwicklung ist ein neues US-Gesetz, das nächstes Jahr in Kraft tritt: Die Regierung in Washington will mit dem «Foreign Account Tax Compliance Act» (Fatca) die Steuerhinterziehung von US-Bürgern verhindern.
The background of this development is a new US law that takes effect next year: the Washington government wants to reduce tax evasion by US citizens through the new FATCA (Foreign Account Tax Compliance Act) law.

There are a couple threads about FATCA in the finance section of this forum, lots of good information there.
__________________
I'm likely typing from an iPad. Please disregard odd word usage.
Reply With Quote
  #39  
Old 27.06.2012, 14:08
sashimiso's Avatar
Forum Veteran
 
Join Date: Sep 2011
Location: riehen
Posts: 549
Groaned at 58 Times in 30 Posts
Thanked 414 Times in 224 Posts
sashimiso has an excellent reputationsashimiso has an excellent reputationsashimiso has an excellent reputationsashimiso has an excellent reputation
Re: Discriminatory Anti American Banking Law passed

Quote:
View Post
Jein. PostFinance, at least, is closing acounts for US citizens who are not resident in Switzerland. Other banks are just closing all accounts related in any way to American persons (i.e. American citizens, dual citizens, greencard holders, husband to an American citizen, etc.).

From the article:


The background of this development is a new US law that takes effect next year: the Washington government wants to reduce tax evasion by US citizens through the new FATCA (Foreign Account Tax Compliance Act) law.

There are a couple threads about FATCA in the finance section of this forum, lots of good information there.
thanks for the info... I called UBS and they told me on the phone I was fine and not to worry... of course, when someone says this... worrying is the last thing one would do, right?!?!?
Reply With Quote
  #40  
Old 27.06.2012, 14:17
SignLanguageMama's Avatar
Member
 
Join Date: Oct 2011
Location: Schaffhausen
Posts: 104
Groaned at 0 Times in 0 Posts
Thanked 162 Times in 66 Posts
SignLanguageMama is considered knowledgeableSignLanguageMama is considered knowledgeableSignLanguageMama is considered knowledgeable
Re: Discriminatory Anti American Banking Law passed

Quote:
View Post
thanks for the info... I called UBS and they told me on the phone I was fine and not to worry... of course, when someone says this... worrying is the last thing one would do, right?!?!?
We're with UBS and aside from having to fill in and sign a paper saying we give them permission to release our banking info to the US we haven't had any difficulty. We've got nothing to hide--the US can dig through our finances to their heart's content
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
American law student in Vevey. dmarienthal Introductions 5 29.02.2012 23:36
Anti Banking demo Wollishofener Swiss politics/news 92 18.10.2011 19:19
Anti-American Comments spmull06 General off-topic 90 17.05.2007 16:14
New Anti-Spam Law as of 1.4.07 Crumbs Business & entrepreneur 2 31.03.2007 18:12


All times are GMT +2. The time now is 05:42.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0