tag:blogger.com,1999:blog-2424131704277823220.post3687927647199736729..comments2023-09-23T11:16:00.352+02:00Comments on The Franco-American Flophouse has moved: Axa Banque - U.S. Person Account Closures in France Victoria FERAUGEhttp://www.blogger.com/profile/16319699673885400472noreply@blogger.comBlogger30125tag:blogger.com,1999:blog-2424131704277823220.post-51670506016768487002017-02-09T10:12:41.079+01:002017-02-09T10:12:41.079+01:00This comment has been removed by a blog administrator.Anonymoushttps://www.blogger.com/profile/08200239404114202457noreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-81078287428932809862016-03-03T18:06:24.787+01:002016-03-03T18:06:24.787+01:00@Anonymous, Oh yes, I did see it and am planning ...@Anonymous, Oh yes, I did see it and am planning a post. Quite the story, wasn't it? I was amazed that his story didn't make the papers sooner....Victoria FERAUGEhttps://www.blogger.com/profile/16319699673885400472noreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-81736586378989670902016-02-29T00:35:45.618+01:002016-02-29T00:35:45.618+01:00Don't know where to post this, but thought you...Don't know where to post this, but thought you might be too busy to have seen this story about a man injured in the terror attacks in Paris, who couldn't cash his compensation funds because of FATCA:<br /><br />Chris Dalton, victim of Nov. 13 terrorist attack was denied a bank account in France due to FATCA;<br />See;<br />http://www.lemonde.fr/societe/article/2016/02/25/chris-dalton-victime-du-13-novembre-je-passe-mes-journees-a-regler-des-tracasseries-administratives_4871183_3224.html<br />‘Chris Dalton, victime du 13 novembre : « Je passe mes journées à régler des tracasseries administratives’<br />LE MONDE | 25.02.2016 à 08h48 • Mis à jour le 26.02.2016 à 15h54 | Par Patricia Jolly<br /><br />Google translate version:<br />..”……At the hospital, Chris left in mid-December with crutches and where he had to redo his bandages every other day, the reception staff, overwhelmed, suddenly became less friendly. “One weekend, I was even denied care, and the social worker who handles my file had to intervene. “He had an apartment in Paris: 1700 Euros for a studio in the neighborhood of the Gare du Nord.<br /><br />The provision of the compensation fund for victims of terrorism, supposed to cover such costs, did not arrive until later. “We had a RIB says Chris, and French bank branches would not open an account for me because of the Foreign Account Tax Compliance Act [Act to control offshore accounts], which complicates their life. “He eventually found an arrangement with a US bank. He must be content for now a temporary passport because the police officer who took his deposition to the hospital lost his.”…..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-62776996015219912362014-05-04T10:15:51.909+02:002014-05-04T10:15:51.909+02:00This blog along with Isaacbrocksociety are gold mi...This blog along with Isaacbrocksociety are gold mines. Thank-you. I will be using the info from anonymous post February 17, 2014.<br />Here is the text of the letter I will be sending to my elected and appointed representatives.<br /><br />That the French government and banks break French laws to apply laws made in USA is not acceptable. <br /><br />Mme. le sénateur et M. le Député,<br />Comment se fait-il que le gouvernement français applique les lois américaines sur le sol français? Le gouvernement français oblige les banques français à leur donner des informations personnelles et confidentielles d’une “certaine catégorie des personnes françaises ou vivant en France légalement”.<br /> <br />Ensuite le gouvernement français donne ces informations au gouvernement américaine.<br /><br />Axa Banque ferme les comptes de ses clients américains en France ! - Le Point<br /><br />Cette activité est contre des lois françaises!<br />Il est incompréhensible et intolérable que le gouvernement français réagisse ainsi. <br /><br />Ou est ce que nous sommes retourné au practiques de la Deuxième Guerre Mondiale quand le gouvernement français appliquait les lois d’un gouvernement étranger sur le sol français? <br />Et qu’une certaine catégorie des personnes françaises ou vivant en France était considérés moins bien, moins importante et donc n’avaient pas exactement les même droits et les même protections que la majorité des citoyens.<br /><br />Je répète qu’il est incompréhensible et intolérable que le gouvernement français réagisse ainsi.<br /><br />J’ai honte de ce que notre gouvernement est en train de faire. Si vous plaît utilisez le pouvoir investi en vous pour que ces pratiques illégales cessent.<br />lucieaubracnoreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-56034449936019801342014-02-28T20:41:02.747+01:002014-02-28T20:41:02.747+01:00While I vehemently disagree with FATCA it should r...While I vehemently disagree with FATCA it should rarely cause double taxation because France has higher taxes than the US and income is not double-taxed unless one is extremely well paid. You need to file US taxes but it is extremely unlikely you will be required to pay anything, though the paperwork is still a hassle. <br /><br />Some things like inheritance may theoretically cause a tax event but about the first $5 million is exempt in the US (plus, honestly, anybody who dies and leaves that much money can afford to pay some tax on it).<br /><br />More to the point FATCA is ridiculous because it will not affect genuine tax evaders: they will simply continue to evade their taxes. No tax evader would ever try to shelter their money in France! If anything they would move their French money to the US, which has both lower taxes and many loopholes. <br /><br />American's routinely make fun of France's high taxes. Nobody in the US seriously believes that anybody will run to France, of all places, to avoid taxes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-56432476746057953222014-02-23T12:28:52.093+01:002014-02-23T12:28:52.093+01:00@Echoing, That is an OUTSTANDING link. Thank you...@Echoing, That is an OUTSTANDING link. Thank you and I will do a post on it with translations. Lot of interesting stuff there. Thank you so much.Victoria FERAUGEhttps://www.blogger.com/profile/16319699673885400472noreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-66249984750149865612014-02-19T08:03:31.506+01:002014-02-19T08:03:31.506+01:00you need to check this out for a peek on how FATCA...you need to check this out for a peek on how FATCA is going to be implemented in France<br /><br />http://www.senat.fr/compte-rendu-commissions/20140210/fin.html#toc6echoingnoreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-47209059002828477742014-02-17T21:08:43.899+01:002014-02-17T21:08:43.899+01:00> since American banks require a US mailing add...> since American banks require a US mailing address under Bush's Patriot Act.<br /><br />They don't, and the State Department has issued a letter to this effect that people can show the banks. The banks have to show due diligence. You may find that many will not allow a person abroad to open an account on line, but will do so in person.<br /><br />> And France would then probably take over half of it in taxes.<br /><br />Well, that seems to be wanting the cake and eating it, too. The US inheritance tax is on estates, the French tax is on the recipient.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-1683059631977235832014-02-17T12:55:20.619+01:002014-02-17T12:55:20.619+01:00Discrimination based on nationality is illegal in ...Discrimination based on nationality is illegal in France... <br /><br />The Penal Code states:<br />« La discrimination définie aux articles 225-1 et 225-1-1*, commise à l'égard d'une personne physique ou morale, est punie de trois ans d'emprisonnement et de 45 000 Euros d'amende lorsqu'elle consiste : <br />1° A refuser la fourniture d'un bien ou d'un service ; […] »<br /><br />*NB : « Constitue une discrimination toute distinction opérée entre les personnes physiques à raison de leur origine […] »<br /><br />I wonder why the legality of AXA Banque's decision hasn't been mentioned in the media?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-1207542994937246512014-02-10T15:57:23.747+01:002014-02-10T15:57:23.747+01:00https://www.democratsabroad.org/group/fbarfatca/fb...https://www.democratsabroad.org/group/fbarfatca/fbarfatca-task-force-page-updatedTimhttps://www.blogger.com/profile/03894651289037073128noreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-81449845343873396282014-02-10T15:56:05.332+01:002014-02-10T15:56:05.332+01:00Democrats Abroad is claiming to be organizing a bi...Democrats Abroad is claiming to be organizing a big trip to DC in March to "discuss" FATCA. However, from what you are saying it appears to be separate from AARO and FAWCO trip.Timhttps://www.blogger.com/profile/03894651289037073128noreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-32098793192346796522014-02-10T11:57:50.436+01:002014-02-10T11:57:50.436+01:00@Tim, that's a very good question. Where did ...@Tim, that's a very good question. Where did you see that Democrats abroad will be there?<br /><br />The best information I have right now is that it will be AARO and FAWCO and that's it.<br /><br />Does anyone have other information?Victoria FERAUGEhttps://www.blogger.com/profile/16319699673885400472noreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-83203597024983563222014-02-10T05:05:13.216+01:002014-02-10T05:05:13.216+01:00Are Democrats Abroad taking part in Overseas Ameri...Are Democrats Abroad taking part in Overseas Americans Week in March? They seem to be implying they are. Or are they planning a separate visit?<br /><br />Timhttps://www.blogger.com/profile/03894651289037073128noreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-18855422789140508422014-02-10T00:53:37.874+01:002014-02-10T00:53:37.874+01:00Sorry the last post should hare read I do not beli...Sorry the last post should hare read I do not believe the U.S. has jurisdiction over him . Besides if they do call , Have them legally verify the claim . There's a good start . You might want to research this .Cliffnoreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-7044316419111787772014-02-10T00:43:59.849+01:002014-02-10T00:43:59.849+01:00Just a thought . Does Daniel have an American soci...Just a thought . Does Daniel have an American social security number ? If not I do believe the United States has jurisdiction over him . If he has never done any business or derived any benefit from the U.S. there is no contract . No contract , no claim . Might be worth checking out.Cliffnoreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-89425717026839755992014-02-09T19:39:37.546+01:002014-02-09T19:39:37.546+01:00Franz-Olivier Giesbert, Director of Le Point, whic...Franz-Olivier Giesbert, Director of Le Point, which published the Axa story, was born in Delaware. I wonder what he's doing about the US nationality problem...Bettynoreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-69002142188511639212014-02-09T10:48:09.300+01:002014-02-09T10:48:09.300+01:00I can't believe that these governments enterin...I can't believe that these governments entering IGAs are not negotiating a streamlined process to allow their citizens to renounce and get out from under the FATCA bus without reprisal. Yanknomorenoreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-66143967202207606702014-02-09T10:26:53.845+01:002014-02-09T10:26:53.845+01:00I was so annoyed (and depressed) after I wrote thi...I was so annoyed (and depressed) after I wrote this post that I took a break and tried to spend the better part of the past few days in the garden.<br /><br />Thank you all for your comments.<br /><br />I am of the very strong opinion that since FATCA is a reality in this country that The French and American government should come to some agreement about these "Accidentals" who are the collateral damage here. They should be allowed to renounce ASAP with no fees and no backfiling. I think that is a very reasonable and doable solution for people like Daniel and I am watching the French government reaction to this very closely.<br /><br />Because, hey, what would be the point of becoming a French citizen if one is nonetheless going to be treated as the national of another country with the blessing of said government?<br /><br />@anonymous, I've heard other cases of individual declining their Green Card. My husband had one at one point which was taken away from him on a trip back to the US. He is today a very happy and relieved man. :-)<br /><br />@Jayne, Have to agree with anonymous. Daniel is screwed. Yes, he can find another bank but he will be tagged as a US Person the minute he tries to open an account and they will start sending his information to the US IRS. So, he has been caught and if he wishes to live a normal life in France, he's going to have to do something about the situation. Though your point is a good one: for the moment BNP and other French banks seem to be just fine with having US Persons.<br /><br />AARO, by the way, is tracking this (there was a report in the latest AARO News & Views). If anyone is interested in knowing more or submitting stories send me a mail and I can put you in touch with the right person. <br />v_ferauge@yahoo.com. <br /><br />This is VERY important by the way since AARO is Washington-bound in March for Overseas Americans Week.(and, yes, I'm going. These stories are desperately needed as we try to convince US lawmakers that the impact of FATCA is NOT a "myth."Victoria FERAUGEhttps://www.blogger.com/profile/16319699673885400472noreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-11615810996178412132014-02-08T23:05:31.760+01:002014-02-08T23:05:31.760+01:00Correction:
I meant: "--> But even if Dan...Correction:<br /><br />I meant: "--> But even if Daniel (representing all CBT victims) does find ..."<br /><br />(as in: CBT not RBT)<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-27010533667801667832014-02-08T23:03:16.378+01:002014-02-08T23:03:16.378+01:00"Jayne said...
Daniel should transfer his mon..."Jayne said...<br />Daniel should transfer his money to BNP, HSBC, Crédit Agricole, Socété Générale, LCL, Crédit du Nord, or Caisse d'Epargne - banks that have no problem handling US customers.<br />February 8, 2014 at 8:20 PM"<br /><br />--> Who guarantees that not all of those financial institutions are in fact going to follow all the other banks that are slowly reacting to the US threat and also terminate all accounts by now unwelcome 'US persons'?<br /><br />--> But even if Daniel (representing all RBT victims) does find a bank willing to "take him" ... it doesn't change the fact that the IRS is soon getting every single bit of financial information about him, and that includes every single transaction. That is TRULY Stasi style!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-76438747772845671192014-02-08T20:20:06.456+01:002014-02-08T20:20:06.456+01:00Daniel should transfer his money to BNP, HSBC, Cré...Daniel should transfer his money to BNP, HSBC, Crédit Agricole, Socété Générale, LCL, Crédit du Nord, or Caisse d'Epargne - banks that have no problem handling US customers.<br />Jaynenoreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-29141883875037025122014-02-08T20:05:50.939+01:002014-02-08T20:05:50.939+01:00I can't believe the cruelty of all this ! For ...I can't believe the cruelty of all this ! For some accidental or still Americans, renunciation might be a double-edged sword. If they inherit or have assets in the U.S., they may have to repatriate them to France - since American banks require a US mailing address under Bush's Patriot Act. And France would then probably take over half of it in taxes. Even if the person decides to renounce - I wouldn't blame him or her at all - there must be another solution - one in which it FATCA cannot be considered grounds for closing an account in France, and most of all, one which which gets rid of the beast altogether. i'm sorry the French and other governments involed don't just say MERDE (excuse me) to the U.S. - which needs foreigns investments and would also lose inthe process.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-17624460703437767112014-02-08T15:42:41.808+01:002014-02-08T15:42:41.808+01:00We are very likely to be offered a green card in t...We are very likely to be offered a green card in the next few months as a result of being selected as 'winners' in the current DV Lottery! We live in Europe. We have bank accounts and savings here. We also lived elsewhere and have bank accounts and assets there. We are generally happy to be paying taxes wherever we live. We are expats, we consider ourselves global citizens - something that should be celebrated by world leaders who advocate free trade agreements and global trade.<br /><br />The CBT along with FBAR and FACTA laws disgust us!<br /><br />This barbaric system of NSA dragnet style surveillance in conjunction with extortion of foreign Governments and their financial institutions in order to get detailed information of their so called 'US persons' are required to submit anyhow (via FBAR), reminds me of the Stasi methods of my native birthplace!<br /><br />We have been following the developments closely over the last 6 months, especially in order to understand if there are any signs that the fascist CBT system and the method of enslaving US expats has any chance of being abolished!<br /><br />The way this FACTA law is being presented inside of the USA by mainstream media and the actual comments by some readers clearly show that the propaganda seems to work: It is labeled as a 'anti-tax dodger' law and the public believes it just targets 'fat cats' living in the US who are storing mountains of cash in hidden offshore accounts. Otherwise, they completely lack an understanding of the issue.<br /><br />So at the moment, the "Green Cards" feel like a "Carrot and Stick" scenario to us - we'd probably be able to make a good life in the USA (if we accept the fact that our then 'offshore' assets, which can be simple things like future pension benefits among others, might suffer under selfish IRS rules).<br /><br />However, realizing that having already lived in a bunch of countries, doing so again at some stage in the future would (for the first time) put us in the category of 'US persons' who need to file taxes and FBARs even while living in a foreign jurisdiction ... truly doesn't fit with our world views - it simply doesn't "feel right" and in fact, it is a reflection of what the USA might have lost: Freedom and democracy!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-33485103632546147202014-02-08T11:33:27.218+01:002014-02-08T11:33:27.218+01:00Can you contact me at dlnelson7@hotmail.com to dis...Can you contact me at dlnelson7@hotmail.com to discuss constructive action.<br />DL NELSONhttps://www.blogger.com/profile/12740409132697546671noreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-81760448627286804692014-02-08T11:31:36.521+01:002014-02-08T11:31:36.521+01:00I use my favourite example. You are born in MA. Yo...I use my favourite example. You are born in MA. You move to NH and never set foot in MA again. You earn no money in MA However, every cent you earn until you die 1t 85 is taxed in both MA and NH. NH ok, you live there. In MA you don't.<br /><br />Also you are no longer allowed to have a bank account in NH because you were born in MA and you aren't allowed to have a bank account in NH because you were born in MA. That's the situation. It is not tax avoidance.<br />The US is the only country that taxes on nationality not residence.<br />I believe that taxes are my dues to live in a civilized country. I don't want to pay them where I don't live because of an accident of birth.DL NELSONhttps://www.blogger.com/profile/12740409132697546671noreply@blogger.com