Americans Turn In Passports as New Tax Law Hits

Discussion in 'Politics' started by gwb-trading, Sep 5, 2013.

  1. Tsing Tao

    Tsing Tao

    That's surprising. Well they certainly don't seem to be asking any American depositors to do anything special, nor are they asking any information outside of the norm for american depositors. No special forms, etc. I just pinged a friend of mine in Moscow on the subject, let's see what he comes back with.
     
    #31     Sep 6, 2013
  2. gwb-trading

    gwb-trading

    Wait till January 2014 when FATCA goes into effect.
     
    #32     Sep 6, 2013
  3. Tsing Tao

    Tsing Tao

    I wonder if that'll just mean people will spend the 25k it costs to get a Russian passport dual citizenship, and then use that info. Either way, important American clients won't get reported, even if the banks sign it.
     
    #33     Sep 6, 2013
  4. Bob111

    Bob111

    :confused: :confused: :confused:
     
    #34     Sep 6, 2013
  5. Tsing Tao

    Tsing Tao

    Which part was confusing, Bob?
     
    #35     Sep 6, 2013
  6. Bob111

    Bob111

    ok,you got your dual citizenship(which i have)-now what?
    you still have to FILE and pay your taxes regardless. in US,using US tax brackets. living in russia doesn't give you any advantage(besides nice exemption(which is what? 70-80K a year?). unless you living using some different name on your russian passport(then you have to file and report your taxes over there. and in meanwhile-you are committing very serious crime by US standards.
    i'm talking about tax evasion + conspiracy etc
     
    #36     Sep 6, 2013
  7. Tsing Tao

    Tsing Tao

    PM me and I'll be happy to explain.
     
    #37     Sep 6, 2013
  8. Ricter

    Ricter

    You have dual Russian and US citizenship? ; )
     
    #38     Sep 6, 2013
  9. Bob111

    Bob111

    yes. is it suppose to be a big deal or something?
     
    #39     Sep 6, 2013
  10. Bob111

    Bob111

    please,when you have some time. cause i'm skeptical about it.

    Thank you!
     
    #40     Sep 6, 2013