This may explain why there may be a change in way Americans Abroad will vote today
This is an Democratics Abroad paper , just out it indicates that living abroad the costs are too high and it will inhibit the movement of people across borders and cultures . A wall or curtain is being put around the USA. Is this the future you want for your children, being kept away from going out to the world, other than touring it??
Before I relinquished my US citizenship I was a Democratic and I do love JFK, Clinton and Obama... So I am not a troll nor a Republican. Good luck today Democratics....
I do urge all of you to read this.. And also I have been advised by a few of you "don't let the back door hit you when you leave and good riddance"..Frankly, it does not bother me but these people in the report, still US citizens truly care about the USA otherwise they would not be participating in the vote. But they and their families are in harms way. DO YOU CARE ABOUT THEM?
https://www.democratsabroad.org/sites/default/files/2014%20FATCA%20Research%20%20Stories%20of%20FATCA%20-%20Affecting%20Everyday%20Americans%20Every%20Day.pdf
Page 14 of 24
Americans’ competitiveness for roles is weakened. “US employers
avoid hiring Americans outside the US because of taxation on
global income and tax reporting costs. It is cheaper to hire Irish
and Aussies.” Pennsylvania voter living in Japan
It can be difficult to even receive a salary: “Must have a Swiss (local)
bank account to receive salary--and no bank here will accept new
US clients.” Washington state voter living in Switzerland
I have heard of people who refuse to leave the US to take up
posts overseas because of the confusing tangle re reporting
requirements. Can this be good for American business in terms
of global competition, have difficulty finding Americans willing to
represent them overseas? This whole reporting nightmare seems
like an own goal--- the costs are too high and it will inhibit the
movement of people across borders and cultures--the only way
the US can learn about the rest of the world first hand.” New York
voter living in the United Kingdom
One comment was made numerous times – the general perception of
businesses and employers in Americans’ countries of residence:
“Distrust of the entire US extraterritorial reach.” New York voter
living in Belgium
...“Because of FACTA I have had to consult a CPA in order to sort
out all of these issues, which will cost me between $3,000 - $5,000
to ensure compliance. This is an incredible amount of money and
is causing quite a bit of consternation in my life -- will I have to
pay this every year to ensure compliance?!” Montana voter living
in Finland
= new reply since forum marked as read
