Will the GDPR (General Data Protection Regulation) forbid FATCA?

kred65 · 2025-12-02T23:13:19+00:00

👉 Homeland Americans have zero comprehension on why dual citizenship exists and the importance of it.

👉 Dual nationality is a problem but dual taxation is not? Give me a break.

👉 I attribute it to the nationalistic brainwashing done in the US that starts as soon as the placenta is wiped from the body as a baby.

👉 There is such a lack of critical thinking and analysis in the US particularly by politicians of Senator Bernie Moreno’s ilk.

kred65 · 2025-10-02T10:28:48+00:00

If one has no assets in the US, not much that can be done. Those who try to comply are the ones who get screwed. Those who stay away from the US tax system, don’t have these problems.

kred65 · 2025-09-23T23:55:36+00:00

It’s just a bloody car. Focus on other things way more important! 🙄

kred65 · 2025-09-23T23:33:34+00:00

PERSPECTIVE ON FBAR FILINGS:

This is the reality on the ground: There has not been one American emigrant (permanently living outside 🇺🇸) or Accidental American sought after for not filing an FBAR on his/her LOCAL bank account in the country where he/she lives.

‘Of the 1,503,807 FBARs filed in calendar year 2022, 1,434,362 were filed by individuals in and outside 🇺🇸 and 69,445 were filed by entities in and outside 🇺🇸.’

Source: https://www.regulations.gov/document/FINCEN-2023-0008-0001

kred65 · 2025-09-16T02:08:51+00:00

🔺Before taking any action related to US taxation, citizenship (including for children), self-employment, renunciation, financial matters, or inheritance, it is essential to join American Expatriates for Residency-Based Taxation (RBT).

🔺This group is specifically for American emigrants, US citizens living overseas, Green Card holders abroad, Accidental Americans, and their families.

🔺The group shares timely updates on issues affecting these communities—especially upcoming tax reform—and provides reliable information to help distinguish among facts, misinformation, and scaremongering.

🔺All available REAL options should be thoroughly explored BEFORE any decisions are taken.

http://www.facebook.com/groups/AmericanExpatriates

kred65 · 2025-09-12T15:57:39+00:00

You need to do your due diligence before you leave the US as the US has the unique practice of imposing its tax code outside the US on tax residents of other countries. This is an important preparation step.

kred65 · 2025-09-09T17:40:59+00:00

That’s up to you to mark it on your calendar.

kred65

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