tag:blogger.com,1999:blog-2424131704277823220.post8147388920161614746..comments2023-09-23T11:16:00.352+02:00Comments on The Franco-American Flophouse has moved: Shooting Themselves in the FootVictoria FERAUGEhttp://www.blogger.com/profile/16319699673885400472noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2424131704277823220.post-35982888226769457602013-02-05T07:42:20.639+01:002013-02-05T07:42:20.639+01:00@blaze, I've been hearing the same thing. Lot...@blaze, I've been hearing the same thing. Lot of pushing by non-American spouses to renounce. I'm not there yet. The US tax and reporting requirements have been revealed to us incrementally. He still has some optimism about it - surely it can't be that awful? Surely the US will change the law? I find that I am more pessimistic.<br /><br />I think he truly does not understand that by marrying him some Americans truly think that I would deserve everything I get up to an including getting my citizenship pulled.Victoria FERAUGEhttps://www.blogger.com/profile/16319699673885400472noreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-45930246171648721582013-02-01T19:03:36.253+01:002013-02-01T19:03:36.253+01:00Victoria: Based on what I've heard from some ...Victoria: Based on what I've heard from some Americans married to non-Americans, you are very fortunate to have a husband who is smug.<br /><br />I have heard of everything from rage to divorce to threats to take the American spouse off all joint accounts.<br /><br />Of course, this is all supported by all those pro-family folks in Congress. Why shouldn't the non-American spouse share the pain?Blazehttps://www.blogger.com/profile/12871285356307431578noreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-19124839941766072312013-02-01T10:06:08.455+01:002013-02-01T10:06:08.455+01:00I hope the designers of FATCA, those of the JCT th...I hope the designers of FATCA, those of the JCT that said this would end tax cheating, Once and for all, read this and weep!<br /><br />Well written, yet again...<br /><br />BTW, everyone remember these names...<br /><br />Baucus, Levin, Kerry, Rangel, Neal, Doggett<br /><br />and this link.<br /><br />http://www.financialtaskforce.org/2009/10/27/baucus-rangel-kerry-neal-press-release-on-foreign-account-tax-compliance-act-of-2009/<br /><br />These are the ones most directly to blame for FATCA.<br /><br />BTW, my wife is like your husband. She was on a track to get U.S. Citizenship, and then this IRS offshore jihad, and Woote (War on Offshore evasion) started with its FATCA shock and awe, and she changed her mind. Just menoreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-90390637187983758202013-02-01T08:21:18.444+01:002013-02-01T08:21:18.444+01:00Good point. These are the uncomfortable conversat...Good point. These are the uncomfortable conversations that bi-national couples are facing right now.<br /><br />As I said before my husband is very smug these days because he did not become a US citizen and does not have a Green Card. I used to want to punch him when he said that but today I reluctantly agree that he did the right thing.<br /><br />And what a shocker for me - something I was very proud of has lost a lot of its perceived value. Nothing like the look of pity (so sorry for you to have had the poor luck to be born an American). It really hurts.<br /><br />Ah well the path to humility is a hard one. :-)Victoria FERAUGEhttps://www.blogger.com/profile/16319699673885400472noreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-64769758659288832672013-02-01T01:25:24.158+01:002013-02-01T01:25:24.158+01:00The American businessman says he is 100% American ...The American businessman says he is 100% American down to his marrow. Look what his patriotism got him!<br /><br />The article does not mention if his Swiss wife is heading to the Vermont farm or if there are Swiss children. I would imagine this decision would stain the marriage and family.Blazehttps://www.blogger.com/profile/12871285356307431578noreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-47501025213345872262013-01-31T19:07:11.694+01:002013-01-31T19:07:11.694+01:00Well written, as usual, Victoria. I'm sure the...Well written, as usual, Victoria. I'm sure the "Fools on the Hill" (see the trailor on YouTube, it says a lot about how much the nincumpoops in D.C. read what they vote on) wouldn't like to get your medical bills in the mail. As for me, I'm still waiting to hear what my "collateral damage" will be. It's been a month and a half but with 56 pages, they've got their work cut out for them. As I said in a previous post, we could all send in as much as is requested, accurate or not, then watch happily as the thing collapses under its own weight. The estimated cost, as I've read elsewhere, of implementing FATCA should be far more than what it will actually reap in "forgotten" taxes. Not to mention the lousey image the US is sending out all over the world, and the unreimbursed cost to foreign banks of implementing this disaster.Rosy the Riveternoreply@blogger.com