Bank of America freezing accounts based on mailed citizenship questionnaires
"A heads-up for any Bank of America customer: You might be getting questions about your citizenship status and even have your accounts frozen with no warning."
"A heads-up for any Bank of America customer: You might be getting questions about your citizenship status and even have your accounts frozen with no warning."
"I didn’t do it as a status symbol. I did it because having a second passport is the ultimate insurance policy. It ensures that no matter what, you always have a place to go. To live. To work. To do business. To retire. And in some cases, even seek refuge. It also allows you more banking options, so you can move money out of your home jurisdiction (protecting your friends from frivolous lawsuits and overreaching governments). And even if you never end up needing or using your second passport, you will never be worse off for acquiring one."
"The stated purpose of the bill was 'to authorize funds for Federal-aid highways, highway safety programs, and transit programs, and for other purposes.'"
"In turning to greater use of emigration controls, the US is embracing ever greater control of its domestic population and its resources. Such oversight of US citizens, however, was almost completely unknown in the nineteenth century."
"In the five years that Hickory Springs Manufacturing has begun offering to send its employees abroad for medical treatment, the company has saved over $10 million on health care costs."
"WeWork’s vast network of creatives and entrepreneurs, Neumann hopes, can help WeGrow students cultivate their passions."
"Nearly every nation welcomes, encourages, and even battles for the import of barrels of oil. Yet every nation obstructs the 'import' of labor — the in-migration of human beings."
"They didn’t find a crime, but they did find a picture of Charles with marijuana from over a year prior. Based on that picture, his visa was revoked."
"The ONLY exception and the only place on the planet where Trump’s tax plan can’t reach is the US territory of Puerto Rico."
"It’s safe to say that we will continue to see many US citizens who live abroad renouncing their US citizenships, possibly still in record-setting numbers. This is not because they don’t love the USA, or because they are greedy tax evaders, but because they simply can’t afford the cost of compliance, which, as a result of FATCA, includes the inability to maintain bank and investment relationships abroad, and frequently, the need to pay tax to two governments on the same piece of income. Indeed, it’s fair to say that the Tax Cuts and Jobs Act doesn’t really contain any positive changes for US expats."