6 ms·

> Advent of FATCA means it's hell for normal Americans to bank overseas. > But people with money notice. skill issue. you need more money.

• mothballed 11mo ago
  Yeah but even with more money your foreign bank is required to rat you out with no warrant, not appealing.
  • pavlov 11mo ago
    So sad. Reminds me of Elon Musk recently complaining about how hard it is to be a billionaire.
    • mothballed 11mo ago
      It's hilarious how much Americans would be willing to sabotage themselves if only they could inconvenience the accountant or lawyer of a billionaire.
  • minkeymaniac 11mo ago
    unless you have more than 1 passport
    • mothballed 11mo ago
      If your other passport shows you were born in US your bank will still hold you to FATCA controls, and even if it doesn't show that then they're still bound to FATCA and can be punished if it's uncovered you're a US citizen.