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US expats have become “toxic citizens”

Francis Lambert

  27/04/2010

“It seems the new anti-terrorist rules are having unintended effects,” Daniel Flynn, who lives in Belgium, wrote in a letter quoted by the Americans Abroad Caucus in the U.S. Congress in correspondence with the Treasury Department.

“I was born in San Francisco in 1939, served my country as an army officer from 1961 to 1963, have been paying U.S. income taxes for 57 years, since 1952, have continually maintained federal voting residence, and hold a valid American passport.”

Mr. Flynn had held an account with a U.S. bank for 44 years. Still, he wrote, “they said that the new anti-terrorism rules required them to close our account because of our address outside the U.S.”

Kathleen Rittenhouse, who lives in Canada, wrote that until she encountered a similar problem, “I did not know that the Patriot Act placed me in the same category as terrorists, arms dealers and money launderers.”

Andy Sundberg, another director of American Citizens Abroad, said, “These banks are closing our accounts as acts of prudent self-defense.” But the result, he said, is that expats have become “toxic citizens.”

More American Expatriates Give Up Citizenship
By BRIAN KNOWLTON
http://www.nytimes.com/2010/04/26/us/26expat.html?src=me&ref=general

The American Expatriation Guide.

Francis Lambert

  05/05/2010

Freeing yourself from the global U.S. tax net provides the highest guaranteed return on capital that any American will ever know.

http://www.zerohedge.com/sites/default/files/American_Expatriation_Guide.pdf