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US Expat Persons with businesses abroad - 2 NEW EXPAT TAXES, 1 YOU SHOULD ALREADY BE PAYING EST. TAX ON!!!!

Posted: Wed Aug 01, 2018 11:21 am
by eeuunikkeiexpat
U.S. Expats Face Hammering From New Tax Rules
https://www.bloombergquint.com/global-e ... gs.HCvibLg

Re: US Expat Persons with businesses abroad - 2 NEW EXPAT TAXES, 1 YOU SHOULD ALREADY BE PAYING EST. TAX ON!!!!

Posted: Wed Aug 01, 2018 12:19 pm
by admin
I read that article twice, and still can not determine what provision they are refering exactly.

Re: US Expat Persons with businesses abroad - 2 NEW EXPAT TAXES, 1 YOU SHOULD ALREADY BE PAYING EST. TAX ON!!!!

Posted: Wed Aug 01, 2018 1:43 pm
by eeuunikkeiexpat

Re: US Expat Persons with businesses abroad - 2 NEW EXPAT TAXES, 1 YOU SHOULD ALREADY BE PAYING EST. TAX ON!!!!

Posted: Wed Aug 01, 2018 8:08 pm
by admin
Yea that answer was almost less informative than the article.

The fact i had to waist 10 mins of my life reading that crap, before i lost interest, tells me it says something like 'we have found a new and creative way to punish americans for even darring to think they could leave'.

Ahh, Home of the cowards, land of the enslaved.

Re: US Expat Persons with businesses abroad - 2 NEW EXPAT TAXES, 1 YOU SHOULD ALREADY BE PAYING EST. TAX ON!!!!

Posted: Wed Aug 01, 2018 8:17 pm
by admin
Seriously though, it looks like they are going to retroactively tax any american that owns or has ever owned an incorporated entity overseas.

Yea that will make america great again.

Re: US Expat Persons with businesses abroad - 2 NEW EXPAT TAXES, 1 YOU SHOULD ALREADY BE PAYING EST. TAX ON!!!!

Posted: Wed Aug 01, 2018 8:31 pm
by admin
Between FACTA and this bs, i would not want to be a buisness partner with an american overseas.

Does anyone in washington even read the crap they pass, let alone think it through?

Remember, fatca pretty much covers all contracts with an american citizen or entity as a counter party. You want to buy an apple from an american, you better lawyer up and talk to a half a dozen diffrent accounting firms because the u.s. goverment is going to take one hell of a bite out if your apple just to get the reporting paper work right.

I sure dont have those problems doing buisness with russians, chinese, europeans, or the little green men from mars. :alien: Guess what companies are going to get the contracts for just shear lack of paper work?