Archive for June 2010
Toxic citizens? Banks are cutting American expatriates adrift
Wall Street Journal (13 June 2010)
“American expatriates are fast becoming the world’s financial refugees. Onerous legislation from the U.S. government is making it too difficult — and too expensive — for banks to service U.S. citizens that live abroad. … An increasing number are taking the most drastic step and renouncing their citizenship.”
IRS tightens grip on snowbirds, ex-pats in Canada
Winnipeg Free Press (11 June 2010)
Christianson outlines the implications of FATCA, and cites a case of a person at the US border who was questioned about tax compliance.