Newspaper reporting on US Citizens paying Tax in all the GC Countries
Did anyone read the newspaper report last week about all US Citizen's paying tax even if they are based/Resident in the GC Countries? What a bag of worms this will open for us ALL!!:eek:
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Been an expat for 3 yrs now. I 've had to pay my taxes every one of them! Blows.:mad:
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US Citizen's mutt |
and green card holders as well....:eek:
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Link please?
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Filing Taxes ≠ Paying Taxes
FILING taxes is not the same as PAYING taxes. With almost a $100k annual exemption just for living abroad you can probably file and make claims to cover the rest and end up paying $0 every year.
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Except they are also reviewing bank deposits in foreign countries, and have obtained approval from certain countries to transfer bank information.
Some banks in Saudi Arabia have started refusing US passport holders due to the complexity of complying with the requirements. Any American who is unaware of this needs to fire their tax advisor! Mutt |
How the US Government can bully foreign banks into complying with their ridiculous rules is beyond me! The USA is quickly becoming a Police state, especially in light of all of the NSA leaks, snooping, and privacy violations. So much for the constitution.
On the other hand, I hear Australia is doing the same thing now too. |
Welcome to globalization.
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Except they are also reviewing bank deposits in foreign countries, and have obtained approval from certain countries to transfer bank information. |
British long-term expat = no tax on income earned overseas = excellent ! :ok:
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Yes but you are British. A big price to pay for tax free living.:E
Yeah I know, hat coat door. The Don |
Yes but you are British. A big price to pay for tax free living. |
falcon, lol... touché ! :)
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