#askwoody@USAinUK Why does the US give itself the right to tax UK citizens who have spent all their working life in the UK, have no property or assets in the US and won't ever even visit the place again. On what planet is that just, fair or honourable? Answer that. You can't.
@SolomonYue@clueit@Tonyrinthailand But some may argue that 'US investment income' could include sales of US shares within #PFIC or US share dividend payments within a global mutual fund if the definition is left too broad?
@SolomonYue@clueit@Tonyrinthailand Solomon's what's position re #PFIC s? And will #TTFI differentiate between foreign mutual funds with some US stocks within them and those with none? Also reporting accurately on US component of UK based global PFIC very difficult. So needs thought
@SolomonYue@clueit@Tonyrinthailand Thanks for info. If #PFIC monster is put down it sounds like that would be a very helpful development for #AccidentalAmericans with zero US ties. What are the chances of it actually happening? Good luck
Does @hsbc know or care that all this complex #FATCA compliance is of NO BENEFIT to the UK, as the US has not &will never reciprocate? Does it care that the human &financial cost of this extraterritorial extortion gets passed on to its #BRITISH customers? Does @UKParliament care? https://t.co/SZS2UD5QvN
Still refusing to address #CBTax injustice in Congress. Why?
Can't solve #FATCA w/out residency based tax for US citizens. It's simple https://t.co/YenllJny13
Ditto. Let's have free #citizide to end the useless burden of US citizenship due to nuts #CBTax system for #AccidentalAmericans https://t.co/0Shrvkn5bl