This is the third time, today, that I start a blog. I will not be bold, venturesome and inquisitive to try something new for the blog, as I've simply erased the two prior starts in the process.
Songkran takes place today. It is the Thai New Year. No more traditional celebrations but water fights, all day long, for those fools venturing out. In this case, young and foolish are those who partake.....after all, I am completely a curmudgeon!!
I love Thailand. I wish I could be more legitimate here.....I want to do banking but FATCA has become so limiting for Americans.
FATCA is the most deleterious, stupid enactment I can recall the U.S. ever starting. And it is not just here in Thailand where I am forced to be on a cash basis. I cannot open up a corporate bank account in Hong Kong either, because US regulations make it easier to decline American accounts.
Let us face it - without an audit trail (and you really do not have one being on a cash basis), reporting back to the U.S. is questionable, at best.
To be frank, FATCA makes me ashamed to be an American!
Songkran takes place today. It is the Thai New Year. No more traditional celebrations but water fights, all day long, for those fools venturing out. In this case, young and foolish are those who partake.....after all, I am completely a curmudgeon!!
I love Thailand. I wish I could be more legitimate here.....I want to do banking but FATCA has become so limiting for Americans.
FATCA is the most deleterious, stupid enactment I can recall the U.S. ever starting. And it is not just here in Thailand where I am forced to be on a cash basis. I cannot open up a corporate bank account in Hong Kong either, because US regulations make it easier to decline American accounts.
Let us face it - without an audit trail (and you really do not have one being on a cash basis), reporting back to the U.S. is questionable, at best.
To be frank, FATCA makes me ashamed to be an American!
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