Go Back   English Forum Switzerland > Living in Switzerland > Daily life  
Reply
 
Thread Tools Display Modes
  #541  
Old 02.11.2017, 13:08
Medea Fleecestealer's Avatar
Forum Legend
 
Join Date: Jul 2011
Location: Misery, but not the SoT one
Posts: 20,119
Groaned at 349 Times in 264 Posts
Thanked 14,634 Times in 8,405 Posts
Medea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond repute
Re: Giving up the blue passport because of FATCA - one member's experience

And renunciations still continue at a record pace. On target to surpass last year's record total.

https://www.bloomberg.com/news/artic...-a-record-pace
Reply With Quote
  #542  
Old 02.11.2017, 14:27
Forum Legend
 
Join Date: Apr 2008
Location: Zurich
Posts: 3,208
Groaned at 57 Times in 38 Posts
Thanked 3,153 Times in 1,743 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: Giving up the blue passport because of FATCA - one member's experience

Who would have thought?
;-)

For a lot of people who were on the edge, the current POTUS was probably the straw that broke the camel's back, so to speak.

How long does the process normally take?

I'd expect this number to surge even higher towards the end of his first term...
Reply With Quote
  #543  
Old 02.11.2017, 14:53
Medea Fleecestealer's Avatar
Forum Legend
 
Join Date: Jul 2011
Location: Misery, but not the SoT one
Posts: 20,119
Groaned at 349 Times in 264 Posts
Thanked 14,634 Times in 8,405 Posts
Medea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond repute
Re: Giving up the blue passport because of FATCA - one member's experience

Depends on where you are in the world rainer_d. Not sure how long it takes in Switzerland now, but back in 2013 I got my appointment in a few weeks and had my CLN back a few weeks after I renounced. In Canada it seems to take months just to get an appointment these days.

The actual renunciation only takes about 10 minutes. It's the wait to get an appointment and then the wait for the CLN to arrive that makes it so darn long.
Reply With Quote
This user would like to thank Medea Fleecestealer for this useful post:
  #544  
Old 02.11.2017, 15:24
st2lemans's Avatar
Forum Legend
 
Join Date: Dec 2010
Location: Lugano
Posts: 26,273
Groaned at 1,628 Times in 1,250 Posts
Thanked 30,448 Times in 14,531 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: Giving up the blue passport because of FATCA - one member's experience

Quote:
View Post
For a lot of people who were on the edge, the current POTUS was probably the straw that broke the camel's back, so to speak.
Yes, it was the current POTUS that was the last straw for me, though at the time (2009) the current POTUS was named Obama.

Tom
Reply With Quote
  #545  
Old 13.03.2019, 20:45
3Wishes's Avatar
Moderately Amused
 
Join Date: Jul 2010
Location: Bern area
Posts: 8,921
Groaned at 50 Times in 48 Posts
Thanked 13,811 Times in 6,397 Posts
3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute
Re: Giving up the blue passport because of FATCA - one member's experience

Bumping this to share a story from this week. I was at the Embassy to do some paperwork. During the 30 minutes I was there, four people renounced their U.S. citizenship. The individuals were informed it would be at least 3 months before they would get the canceled passport and CLN form.

It would seem the numbers were higher when Obama was president. That makes sense, as FATCA was under his watch so a bunch of people wanted to renounce as soon as they could.

https://www.forbes.com/sites/robertw.../#1e1fd0aa7d22
Reply With Quote
  #546  
Old 13.03.2019, 21:33
st2lemans's Avatar
Forum Legend
 
Join Date: Dec 2010
Location: Lugano
Posts: 26,273
Groaned at 1,628 Times in 1,250 Posts
Thanked 30,448 Times in 14,531 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: Giving up the blue passport because of FATCA - one member's experience

Quote:
View Post
It would seem the numbers were higher when Obama was president. That makes sense, as FATCA was under his watch so a bunch of people wanted to renounce as soon as they could.
Also, it was still FREE back then.

Tom
Reply With Quote
  #547  
Old 13.03.2019, 21:46
3Wishes's Avatar
Moderately Amused
 
Join Date: Jul 2010
Location: Bern area
Posts: 8,921
Groaned at 50 Times in 48 Posts
Thanked 13,811 Times in 6,397 Posts
3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute
Re: Giving up the blue passport because of FATCA - one member's experience

Quote:
View Post
Also, it was still FREE back then.

Tom
According to the article, relinquishing was free. Renouncing was not. I suppose you relinquished.
Reply With Quote
  #548  
Old 13.03.2019, 21:48
st2lemans's Avatar
Forum Legend
 
Join Date: Dec 2010
Location: Lugano
Posts: 26,273
Groaned at 1,628 Times in 1,250 Posts
Thanked 30,448 Times in 14,531 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: Giving up the blue passport because of FATCA - one member's experience

Quote:
View Post
According to the article, relinquishing was free. Renouncing was not. I suppose you relinquished.
Article is wrong misleading.

I renounced, Bern, October 29, 2009.

It was the ONLY thing that they had ever done for free.

The $450 fee was only introduced in 2010.

"Renunciation of U.S. citizenship was free until July 2010, at which time a fee of $450 was established."

https://en.wikipedia.org/wiki/Renunc...of_citizenship

Tom
Reply With Quote
  #549  
Old 13.03.2019, 21:53
3Wishes's Avatar
Moderately Amused
 
Join Date: Jul 2010
Location: Bern area
Posts: 8,921
Groaned at 50 Times in 48 Posts
Thanked 13,811 Times in 6,397 Posts
3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute
Re: Giving up the blue passport because of FATCA - one member's experience

Quote:
View Post
Article is wrong.

I renounced, Bern, October 29, 2009.

It was the ONLY thing that they had ever done for free.

The $450 fee was only introduced in 2010.

"Renunciation of U.S. citizenship was free until July 2010, at which time a fee of $450 was established."

https://en.wikipedia.org/wiki/Renunc...of_citizenship

Tom
10 years this fall.
Reply With Quote
This user would like to thank 3Wishes for this useful post:
  #550  
Old 13.03.2019, 21:56
st2lemans's Avatar
Forum Legend
 
Join Date: Dec 2010
Location: Lugano
Posts: 26,273
Groaned at 1,628 Times in 1,250 Posts
Thanked 30,448 Times in 14,531 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: Giving up the blue passport because of FATCA - one member's experience

Quote:
View Post
10 years this fall.
I got out before the shit hit the fan.

Bush pissed me off enough to inquire, but I couldn't be arsed to take a day off work to go to Bern.

Obama convinced me that my original idea was the right one, so I did.

Tom
Reply With Quote
Reply

Tags
citizenship, cln, fatca, irs, passport, relinquish, renounce, renunciation, tax




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
Reaching the point of giving up desperate Employment 156 26.02.2012 15:37
How does one become a Member of a (Social) Group? archmemory Forum support 13 09.12.2011 16:46
Californians in CH - proper way of giving up residency in CA? zufimufi Finance/banking/taxation 11 25.03.2010 05:45
EU to ruin beef because of the French cyrus International affairs/politics 0 17.04.2008 10:20


All times are GMT +2. The time now is 19:00.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0