apotheosis wrote:i moved here because i really liked the movie 'Australia'
on Wed Jun 09, 2010 2:59 am
Some people are doing it for economic opportunity, but not me, since I already make a six figure salary in the banking industry with full benefits and local business/political connections. I am apart of that "good ol' boy" network most people spend years trying to break into. That's a lot to leave behind. On top of that, I can only speak English. Tell me, what financial opportunities could possibly be waiting for me outside the States that I don't already have? Go ahead, tell me. So I guess we're back to lifestyle and cultural reasons.
on Tue Jun 15, 2010 1:08 pm
American expatriates are fast becoming the world's financial refugees. Onerous legislation from the U.S. government is making it too difficult – and too expensive – for banks to service U.S. citizens that live abroad. Expats are being left with a fast diminishing range of options. An increasing number are taking the most drastic step and renouncing their citizenship.
According to U.S. government figures, twice as many Americans renounced their citizenship in the last quarter of 2009 than in the whole of 2008. The numbers are still only in the hundreds but are expected to rise now that the HIRE Act has been signed. Ms. Hart says the last time she checked it was not possible to get an appointment at the U.S. embassy in London to renounce citizenship until 2012. In Bern, you couldn't get an appointment until June next year.
on Tue Jun 15, 2010 1:45 pm
on Tue Jun 15, 2010 2:08 pm
TechJunkie wrote:Why would the HIRE Act cause an increase? I don't get it. HIRE is just tax incentives for hiring people?
on Tue Jun 15, 2010 2:12 pm
i'll give you the abridged version, some people love to experience different cultures/lifestyles AND make the six figure salary/make an international career while living comfortably.
on Tue Jun 15, 2010 3:25 pm
on Tue Jun 15, 2010 3:37 pm
slamminshaun wrote:TechJunkie wrote:Why would the HIRE Act cause an increase? I don't get it. HIRE is just tax incentives for hiring people?
Read the article.
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