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  #241  
Old 09.07.2013, 13:39
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Re: Giving up the blue passport because of FATCA - one member's experience

A bit more on the cantonal banks side:

http://www.swissinfo.ch/eng/business...l?cid=36377558
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  #242  
Old 17.07.2013, 20:45
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Re: Giving up the blue passport because of FATCA - one member's experience

Some of you here may know Petros a.k.a. Peter Dunn of the Isaac Brock Society fame. He's had worrying news of his father and is venturing across the border into the US for the first time since getting his CLN. Everyone over at IBS is hoping there aren't any problems at the border for him:

http://isaacbrocksociety.ca/2013/07/...comment-438457
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  #243  
Old 18.07.2013, 07:14
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Re: Giving up the blue passport because of FATCA - one member's experience

It doesn't make sense. Why would he telegraph his movement to the USA if he is scared?
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  #244  
Old 18.07.2013, 07:34
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Re: Giving up the blue passport because of FATCA - one member's experience

In case he gets detained for any reason, people know what he was supposed to be doing and can kick up a fuss with the US to get him released.
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  #245  
Old 18.07.2013, 08:47
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Re: Giving up the blue passport because of FATCA - one member's experience

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In case he gets detained for any reason, people know what he was supposed to be doing and can kick up a fuss with the US to get him released.
Ok I get that. Even so, its unlikely some Internet pressure will stop an arrest. Not sure why he would be giving out his real name though, and telegraphing when he'll be crossing the border. He just opens himself up to the IRS who monitor the Internet like hawks. He never should have discussed his possible tax troubles online much less give his real name and the location of his father.
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  #246  
Old 18.07.2013, 13:28
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Re: Giving up the blue passport because of FATCA - one member's experience

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Ok I get that. Even so, its unlikely some Internet pressure will stop an arrest. Not sure why he would be giving out his real name though, and telegraphing when he'll be crossing the border. He just opens himself up to the IRS who monitor the Internet like hawks. He never should have discussed his possible tax troubles online much less give his real name and the location of his father.
With PRISM, the US knows everything about everyone anyways, so what's the difference? Generally, the IRS argues that the lack of transparency (hiding assets) is the problem, not public discussions about taxes. If Americans must fear talk about taxes, then maybe it really is a bad idea to travel to the US!
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Old 18.07.2013, 15:20
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Re: Giving up the blue passport because of FATCA - one member's experience

They will know about it mostly if someone goes on the internet and talks about their tax problems and even more brazenly gives their name, then announces hes traveling to the USA. An IRS intern can sniff that out, much less PRISM.

He could have done it quietly and if he had problems then plead his case online. Its not like you're whisked off to isolation if they get you for tax fraud.
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  #248  
Old 28.07.2013, 09:52
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Re: Giving up the blue passport because of FATCA - one member's experience

I should have known better. A small company recently offered me a part-time job as "business manager" which includes paying the bills. The company banks at a cantonal bank which does not accept US Persons as account holders/ signatories.

I'm advising the company with regret to find someone else. I was looking forward to this interesting work and the extra income.
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  #249  
Old 28.07.2013, 10:05
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Re: Giving up the blue passport because of FATCA - one member's experience

DuePonte, sorry to hear that. Unfortunately, all too common here in Switzerland now. Hope something else interesting comes along for you soon.
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  #250  
Old 17.08.2013, 15:37
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Re: Giving up the blue passport because of FATCA - one member's experience

In the past several days the news media have published a number of articles on Americans giving up their US citizenship. Here's a short list but please feel free to add to it:

SwissInfo:
http://www.swissinfo.ch/eng/politics...l?cid=36688996

Wall Street Journal:
http://online.wsj.com/article/SB1000...169287210.html

PRI The World:
http://www.theworld.org/2013/08/amer...p-citizenship/

Globe and Mail (Canada):
http://globalnews.ca/news/782020/why...-taxing-issue/

Bloomberg:
http://www.bloomberg.com/news/2013-0...ules-loom.html

Wall Street Journal Asia:
http://online.wsj.com/article/SB1000...126146566.html

BusinessInsider:
http://www.businessinsider.com/heres...zenship-2013-8

RT:
http://rt.com/usa/americans-refuse-citizenship-tax-317/
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  #251  
Old 17.08.2013, 16:48
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Re: Giving up the blue passport because of FATCA - one member's experience

Has anyone confirmed that Tina Turner has actually renounced? I know they're inaccurate, but she hasn't appeared on the last two lists under any of her possible names: Tina Turner (stage name), Anna Mae Bullock (single name), Anna Mae Turner (married name).
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  #252  
Old 17.08.2013, 17:03
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Re: Giving up the blue passport because of FATCA - one member's experience

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Has anyone confirmed that Tina Turner has actually renounced? I know they're inaccurate, but she hasn't appeared on the last two lists under any of her possible names: Tina Turner (stage name), Anna Mae Bullock (single name), Anna Mae Turner (married name).
Those lists are the names that the State Department shared with the IRS during the indicated quarter, not the people who expatriated during that quarter. (My name showed up more than a year afterwards. )
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  #253  
Old 17.08.2013, 17:12
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Re: Giving up the blue passport because of FATCA - one member's experience

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Those lists are the names that the State Department shared with the IRS during the indicated quarter, not the people who expatriated during that quarter. (My name showed up more than a year afterwards. )
And mine appeared in this quarter's list having renounced in March. There's no info on how the list is put together. They've been trying to work it out over on IBS for some time and still have no answers.
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  #254  
Old 17.08.2013, 17:24
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Re: Giving up the blue passport because of FATCA - one member's experience

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Has anyone confirmed that Tina Turner has actually renounced? I know they're inaccurate, but she hasn't appeared on the last two lists under any of her possible names: Tina Turner (stage name), Anna Mae Bullock (single name), Anna Mae Turner (married name).
She still flies the stars and stripes at her home. Or at least the last time I was by on the lake ferry.
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  #255  
Old 17.09.2013, 09:26
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Re: Giving up the blue passport because of FATCA - one member's experience

Nice article in L'illustre recently about americans giving up the blue book--here it is summarised in French, full article requires abonnement.

The article states that that there are apparently 40,000 americans in CH, and last year about 800 gave up american nationality. I suspect though that these numbers are a bit fishy as usual. IBS has always questioned the numbers. The full article profiles a number of people and their predicament and why they gave up passport. I know one of them very well.

http://www.illustre.ch/illustre/arti...a-d%C3%A9prime
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  #256  
Old 24.09.2013, 11:11
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Re: Giving up the blue passport because of FATCA - one member's experience

http://www.swissinfo.ch/eng/politics...l?cid=36963642

Looking forward to a referendum.

Tom
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  #257  
Old 24.09.2013, 14:13
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Re: Giving up the blue passport because of FATCA - one member's experience

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http://www.swissinfo.ch/eng/politics...l?cid=36963642

Looking forward to a referendum.

Tom
I am sad to say it...after how easily all of the parties capitulated to this, i doubt there will be a referendum. The general public is also rather uninformed of this and the implication so i dont see help coming that way either.
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  #258  
Old 27.09.2013, 11:05
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Re: Giving up the blue passport because of FATCA - one member's experience

http://www.bbc.co.uk/news/magazine-24135021

Nothing really new.

Tom
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  #259  
Old 28.09.2013, 14:04
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Re: Giving up the blue passport because of FATCA - one member's experience

No, just waking up to the fact that this stupid law is going to cause problems for Americans everywhere. May do a follow-up I suppose as there's a contact form at the bottom for people who are contemplating giving up or have already done so and would like to share their stories.
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Old 02.10.2013, 09:18
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Re: Giving up the blue passport because of FATCA - one member's experience

Follow up article on people who've renounced/relinquished, lost, acquired, etc, etc.

http://www.bbc.co.uk/news/magazine-24338387
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