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Foreign account tax compliance act


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Unlucky then, to avoid the tax bill he's renouncing his US citizenship.

it could also be because he wants to become prime minister thou legally theres nothing stopping him. so yes it looks like he just wants to dodge paying his taxes :hihi:

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it could also be because he wants to become prime minister thou legally theres nothing stopping him. so yes it looks like he just wants to dodge paying his taxes :hihi:

 

To be fair to him, he's already paid his taxes on this earnings in this country. It's just that the USA believe that he should also pay taxes to them as well.

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I had to sign all sorts of forms to register as a non-resident alien when I was working for a US company. I also had to do yearly compliance training in the Foreign Corrupt Practices Act since the company I worked for had been prosecuted for bribing in Africa and the former USSR.

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