U.S. Strikes FATCA Deals with Switzerland

It's a federal crime in the U.S. to be a U.S. citizen? Go back and read your remark again. You're way out in the ether.

The situation and its resolution are different for everyone. Some are happy to do their taxes and have done so for years so may not ever have any problems with the Swiss banks. Others are only here for a few years on assignment and expect to return to the States so, of course, they just have to put up with it. But for those, like me, who haven’t lived in the states for many years, have another nationality and expect to spend their remaining years outside the States why bother to hang on to something that is causing so much trouble? For me, the US part of my world is neglible having spent only the first 16 years of my life there.

I frankly do not understand your “rational choice theory that such a decision is against their interests, even if the Petitioner has no intent to reside in the United States in the future.” British citizenship, if you have it, is also forever - so what? Many countries have “forever” citizenship if you’re born there or are naturalised, the US isn’t exclusive in that regard. And if it was really “forever” there would be no statutes/laws/regulations on how to go about renouncing it.

It is not against my interests to renounce my US citizenship so as not to become entangled in unfair taxation policies and Swiss banks threatening to close my accounts because of my nationality. It is in my interests to make sure that the money my husband works hard for is ours to do with as we wish after paying due taxes in the country in which we LIVE in, and not subject to another country’s tax grab to cover services theoretically rendered just because I’m labelled a citizen of that country.

And are you seriously suggesting that the US would bar me from going to a US hospital for vital treatment, even though I’ve renounced and now use another country’s passport? PLEASE. The US is not the be all and end all that most Americans would like to believe it is and it’s time it grew up and realised that.

Evidently it only take 1 visit to the US embassy here in Bern to do the renunciation process. Make an appointment, fill in the forms, take the oath of renunciation and that’s it. Certificate of Loss of Nationality will be in the post at some future date. Good news for those wanting to take this step as I know some other US embassies insist on a waiting period so you can reflect on the serious step you’re planning to take. As if you haven’t already.

Then there’s only the tax side of things to sort out (sigh).

That is exactly what I am telling you. You clearly have no experience as a US Immigration attorney. When you renounce your citizenship, any attempt to return to the United States, for any reason, will result in US Customs and Border Protection presuming that you are an "intending immigrant" and therefore inadmissible to the United States. USCBP are not friendly people and they will detain you and turn you around at the border if you fall under the intending immigrant presumption category. It happens every day at every single Port of Entry and it is not pleasant. Do your own legal research, this issue is widely written about all over the Internet.

If you want the current political climate and bank policy, which will likely change in the coming year, to determine your citizenship and entire future for the rest of your life, that's your right. It's foolish, and you will be turned away if you attempt to return. You will feel foolish if/when the political climate changes. But go ahead and renounce your citizenship. You seem to know everything.

Personally, it makes no difference to me whether or not someone wants to be a citizen of the United States. The point here is that this country has a lot to offer and you may need its services in the future. The immigration law in the US is strict and can even be considered cruel in parts, depending on your perspective. If you renounce your citizenship, it's forever, and under the intending immigrant presumption, you're chances of getting back to the country are next to nil. Should you need the services or protection of the USA, you're not going to get it. If the banking policy changes in the next year, you've lost your citizenship for a nonexistent issue. It seems silly.

That problem is absolutely understandable. If it were me, I would wait a while to see how the upcoming presidential election plays out, what goes on in the next year with the banking issues, and then making a decision. This is serious stuff and you would be better off waiting for a little while.

Your rights after renunciation

http://renunciationguide.com/Rights-...atriation.html

The IRS comes after expats making squat... but leaves Mitt R. alone? http://www.vanityfair.com/politics/2...shore-accounts

conspiracy stuff and food for thought http://nontaxpayer.net/irsnara0.html

Total BS.

Been there, no problem whatsoever.

Tom

This may flesh out st2lemans's answer.

From a question and answer site:

"Intending immigrant means anyone who is not a citizen or legal resident of the u.s who applies for admission at the borders is considered to be an intended immigrant until they can provide proof of their intentions to return to the country of origin.

In simple terms that means when you apply to enter the u.s. You automatically are considered to have the intentions of immigrating(moving or coming to live) in the u.s. At this point you have to provide proof that your intentions are to exit the states in a timely manner based on the visa you have or 90 days if you apply visa waiver. Now just because you have a visa doesn't mean you automatically get to enter the states. A visa or visa waiver basically gives you the ability to knock on the door, cbp makes the decision to open it and invite you in."

Link: http://answers.yahoo.com/question/in...1214459AAIuN4y

That's a crock. It hasn't mattered for decades which of the twin branches of America's one party controlled the White House or either chamber of Congress. The results have been consistently the same. It's a bipartisan monopoly — two so-called 'parties' with one overall agenda, which has been consistently carried out by both of them for nearly a century.

You insult our intelligence by suggesting anyone wait 'to see how the upcoming presidential election plays out', as if a presidential election has made a difference in our lifetimes or before.

Again, this comic says it all...

jdeere

On the topic of extradition, Switzerland does not extradite its citizens. It may, on the other hand, try and sentence them under its laws for offenses committed abroad. Consider the case of Erwin Sperisen, a Swiss-Guatemalen dual-citizen, who was arrested yesterday in Geneva:

Wash. Post excerpt: "Because of Sperisen’s Swiss nationality, the prosecutor’s office said, he is not subject to extradition and will face criminal proceedings in Geneva."

http://www.washingtonpost.com/world/...00b_story.html

and from the horses mouth so to speak... this also backs up ST2lemans's answer

http://renunciationguide.com/Rights-...atriation.html

First of all, I don't see this as a 'banking policy' dictating what I do. The banks are not coming up with these policies. This is the U.S. government enforcing banks world-wide to disclose information about its clients, which for me personally, is not a problem. However, the banks are finding it to be too much of a hassle and are canceling accounts and refusing to deal with U.S. citizens. Which, I don't blame them. However, we can't function over here without a bank account.

So, are you saying it's okay for the U.S. gov't to ask us to continue to contribute to their revenue? Even though we do not live there? We are a family of 6, making ends meet on 1 income, paying taxes to the country we live in, but we still need to continue to contribute to the U.S.'s revenue? Do you think this is fair?

I really don't think it matters who wins this election. I'm sure neither party really cares right now about the effect that FATCA is having on us over here.

I noticed that you are in the U.S. Just curious, are you by chance an immigration attorney?

Banking is one of around eight pillars of the Swiss economy representing 6.5% of economic activity. A quick overview of the key pillars, not in any particular order:

1. Banking

2. Insurance

3. Pharmaceuticals

4. Chemicals

5. Watches

6. Medical devices

7. Commodity trading

8. Headquarters operations

According to a Tages-Anzeiger article, bank customer privacy adds about CHF 1,000 income per capita to the Swiss economy. Manufacturing, which represents 20% of the economy, is responsible for $12,400 of income per capita, and is the highest in the world. (see links in German).

http://www.tagesanzeiger.ch/wirtscha...story/13236212

http://www.avenir-suisse.ch/18772/da...land-der-welt/

For the record, Florida and Texas have significant amounts of undeclared deposits from Latin America. The US might wish to focus on cleaning this up. Consider this article that appeared in the Miami Herald:

http://www.mcclatchydc.com/2012/07/3...g-clients.html

In that case they’ve been making the assumption for everyone who visits the States in any capacity for as long as the US has been in existence. But, again many other countries make the same assumption.

Thousands of people who have renounced their citizenship have happily and easily recrossed the border back into the US without any problems at all, jdeere765. I don’t doubt as an immigration attorney you’ve had to act for some people who have had problems, but please don’t tar everyone with the same brush. Everyone’s circumstances are different regarding being allowed entry.

And you make a big assumption that I or anyone else would want or need the services or protection of the US after giving up our citizenship. As a British national - which I would be after giving up US one - I would look to that country for those should the country I currently live in, Switzerland, be unable to help me.

It is shocking that you are writing this and the very fact that you are writing this demonstrates the terrible condition America finds itself to be in today.

Anyone who is defending the US government under such conditions can only be ashamed of themselves. This is unacceptable. It is horrible. It is a crime against humanity.

If you don't like what I wrote, then tell the US government to stop pressuring banks to deny US persons mortgages, given that such is a US federal crime.

I didn't ask anyone to renounce my citizenship. Rather, I simply asked for US representation to do the only thing that they are willing to do for Americans living abroad, and that is to request that they renounce their US citizenship. If US representation can't even do that, then they will show that they would rather force US federal crimes against American citizens than to represent the American people.