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Title: Americans in Asia could lose their passports for unpaid taxes Post by: edward222 on December 14, 2015, 09:18:51 AM Credit to: Tax News (http://www.offshorenewsflash.com/) : Americans in Asia could lose their passports for unpaid taxes (http://www.offshorenewsflash.com/2015/11/23/americans-in-hong-kong-asia-could-lose-their-passports-for-unpaid-taxes/)
Quote The eight million Americans living overseas, including In Hong Kong and the rest of Asia, should “ensure their financial affairs are in order and compliant” before the New Year, or face having their passports revoked, warns the boss of one of the world’s largest independent financial advisory organizations. Nigel Green, founder and CEO of deVere Group, which has 80,000 mainly expatriate clients globally, is speaking out after it has been reported that Congress is preparing to bring in a law to take passports from Americans who owe tax. It is likely to pass into law in December and come into effect on January 1. Watch out guys :( Title: Re: Asia could lose their passports for unpaid taxes Post by: btcdevil on December 14, 2015, 10:29:47 AM Credit to: Tax News (http://"http://www.offshorenewsflash.com/") : Asia could lose their passports for unpaid taxes (http://"http://www.offshorenewsflash.com/2015/11/23/americans-in-hong-kong-asia-could-lose-their-passports-for-unpaid-taxes/") Quote The eight million Americans living overseas, including In Hong Kong and the rest of Asia, should “ensure their financial affairs are in order and compliant” before the New Year, or face having their passports revoked, warns the boss of one of the world’s largest independent financial advisory organizations. Nigel Green, founder and CEO of deVere Group, which has 80,000 mainly expatriate clients globally, is speaking out after it has been reported that Congress is preparing to bring in a law to take passports from Americans who owe tax. It is likely to pass into law in December and come into effect on January 1. Watch out guys :( hey your subject and the article are not matching, your subject is asia could lose their passports for unpaid taxes, but in the reply it is written that AMERICANS IN HONG KONG ASIA COULD LOSE THEIR PASSPORTS FOR UNPAID TAXES, i think the subject should have been "AMERICANS IN HONG KONG ASIA COULD LOSE THEIR PASSPORTS FOR UNPAID TAXES" KINDLY NOTE THE MISTAKE, dont just post for signature campaign post counting Title: Re: Asia could lose their passports for unpaid taxes Post by: sulfurtank on December 14, 2015, 11:44:30 AM And the article actually mentioned that they were granted 3 more months. Care to guess what will happen then?
Title: Re: Asia could lose their passports for unpaid taxes Post by: Skaven on December 14, 2015, 02:12:41 PM Waw I am kinda happy I don't live in asian even I am asian.
Well people just need to becareful then. Title: Re: Asia could lose their passports for unpaid taxes Post by: zencomp on December 14, 2015, 02:59:39 PM Waw I am kinda happy I don't live in asian even I am asian. Well people just need to becareful then. i dont understand why users here without reading properly the subject and the matter , reply foolishly here the OP gives subject which is no where related to matter, it is actually for americans who are living in asian country without paying their taxes in their country, so it is not problem for asian peoples and you should be ashamed of replying that you are happy they you are asian but not living in asian. :o :-[ Title: Re: Asia could lose their passports for unpaid taxes Post by: European Central Bank on December 14, 2015, 04:07:16 PM I wonder what happens if your passport is taken away while you're still abroad. Does America issue you a backup citizenship in a worse country?
Title: Re: Asia could lose their passports for unpaid taxes Post by: countryfree on December 14, 2015, 05:34:20 PM Not Asia, Americans living in Asia!
Poor article, it's trying to scare people but the reality is far from what it described. It's a long process, and nobody will see his/her passport seized without prior notice. The new regulation the article is talking about isn't even law, yet. Come to think of it, does anyone knows there's something worse in Russia? Russians can't even travel abroad if they have a debt. Title: Re: Asia could lose their passports for unpaid taxes Post by: Amph on December 14, 2015, 06:02:22 PM I wonder what happens if your passport is taken away while you're still abroad. Does America issue you a backup citizenship in a worse country? http://travel.state.gov/content/passports/en/emergencies/lost-or-stolen-passports-abroad.html you have to re-do it Title: Re: Asia could lose their passports for unpaid taxes Post by: Mickeyb on December 14, 2015, 10:07:45 PM You can do whatever, but don't mess with Uncle Bill's taxes! It has always been like this! :)
Title: Re: Asia could lose their passports for unpaid taxes Post by: OROBTC on December 15, 2015, 03:28:44 AM ...
The USA is proposing a similar scheme: if you owe the IRS over $50,000, they can take away your passport. No passport..., it is VERY hard to get overseas. Moral of the Story: Pay your taxes and just debts. Title: Re: Asia could lose their passports for unpaid taxes Post by: justspare on December 15, 2015, 04:45:38 AM Wow the this seems like a big crisis waiting to happen. Those Americans better get their act together before anything bad happens.
Title: Re: Asia could lose their passports for unpaid taxes Post by: justspare on December 15, 2015, 04:47:51 AM Credit to: Tax News (http://"http://www.offshorenewsflash.com/") : Asia could lose their passports for unpaid taxes (http://"http://www.offshorenewsflash.com/2015/11/23/americans-in-hong-kong-asia-could-lose-their-passports-for-unpaid-taxes/") Quote The eight million Americans living overseas, including In Hong Kong and the rest of Asia, should “ensure their financial affairs are in order and compliant” before the New Year, or face having their passports revoked, warns the boss of one of the world’s largest independent financial advisory organizations. Nigel Green, founder and CEO of deVere Group, which has 80,000 mainly expatriate clients globally, is speaking out after it has been reported that Congress is preparing to bring in a law to take passports from Americans who owe tax. It is likely to pass into law in December and come into effect on January 1. Watch out guys :( hey your subject and the article are not matching, your subject is asia could lose their passports for unpaid taxes, but in the reply it is written that AMERICANS IN HONG KONG ASIA COULD LOSE THEIR PASSPORTS FOR UNPAID TAXES, i think the subject should have been "AMERICANS IN HONG KONG ASIA COULD LOSE THEIR PASSPORTS FOR UNPAID TAXES" KINDLY NOTE THE MISTAKE, dont just post for signature campaign post counting It looks like you are the one posting for your signature campaign. Just respond to his/her topic instead of correcting them. Or you could just correct them at the end of your response. Title: Re: Asia could lose their passports for unpaid taxes Post by: Yakamoto on December 15, 2015, 05:20:50 AM Credit to: Tax News (http://"http://www.offshorenewsflash.com/") : Asia could lose their passports for unpaid taxes (http://"http://www.offshorenewsflash.com/2015/11/23/americans-in-hong-kong-asia-could-lose-their-passports-for-unpaid-taxes/") Well, to be honest, Americans losing their passports because of unpaid taxes is something that doesn't surprise me, but it's still pretty scummy in the same way. The US has to figure out some way to make sure they're getting that tax money.Quote The eight million Americans living overseas, including In Hong Kong and the rest of Asia, should “ensure their financial affairs are in order and compliant” before the New Year, or face having their passports revoked, warns the boss of one of the world’s largest independent financial advisory organizations. Nigel Green, founder and CEO of deVere Group, which has 80,000 mainly expatriate clients globally, is speaking out after it has been reported that Congress is preparing to bring in a law to take passports from Americans who owe tax. It is likely to pass into law in December and come into effect on January 1. Watch out guys :( This seems like a late notice, though. I'm not sure why it wouldn't be more prevalent and known (Unless it is and I'm out of the loop) Title: Re: Asia could lose their passports for unpaid taxes Post by: amacar2 on December 15, 2015, 06:02:54 AM I am from asia but don't have passport, so no worries.
It will be quite interesting to see how these government will implement tax on bitcoin transaction in future. If most of the fiat get converted in bitcoin and people kept it for years, than what may these tax sucker government will do to suck our money. Title: Re: Asia could lose their passports for unpaid taxes Post by: DimensionZ on December 15, 2015, 06:08:18 AM I am from asia but don't have passport, so no worries. It will be quite interesting to see how these government will implement tax on bitcoin transaction in future. If most of the fiat get converted in bitcoin and people kept it for years, than what may these tax sucker government will do to suck our money. How come you don't have a passport? You have only an ID card? Title: Re: Asia could lose their passports for unpaid taxes Post by: lama-hunter on December 15, 2015, 06:09:45 AM I think if they dont have any Passport they just cant go out of Asia maybe..
I think the people in the town would know whats wrong ;) :D regards lama-hunter Title: Re: Asia could lose their passports for unpaid taxes Post by: Newcoins2020 on December 15, 2015, 09:52:15 AM The title of this thread is kinda misleading. What I understand from that is that people who live in Asia could lose their passports for unpaid taxes but in the article it states only Americans. No matter how much you disagree with any governments, you still gotta pay taxes, no matter what country you live in. You can't get away from it.
Title: Re: Asia could lose their passports for unpaid taxes Post by: edward222 on December 15, 2015, 10:29:15 AM Credit to: Tax News (http://"http://www.offshorenewsflash.com/") : Asia could lose their passports for unpaid taxes (http://"http://www.offshorenewsflash.com/2015/11/23/americans-in-hong-kong-asia-could-lose-their-passports-for-unpaid-taxes/") Quote The eight million Americans living overseas, including In Hong Kong and the rest of Asia, should “ensure their financial affairs are in order and compliant” before the New Year, or face having their passports revoked, warns the boss of one of the world’s largest independent financial advisory organizations. Nigel Green, founder and CEO of deVere Group, which has 80,000 mainly expatriate clients globally, is speaking out after it has been reported that Congress is preparing to bring in a law to take passports from Americans who owe tax. It is likely to pass into law in December and come into effect on January 1. Watch out guys :( hey your subject and the article are not matching, your subject is asia could lose their passports for unpaid taxes, but in the reply it is written that AMERICANS IN HONG KONG ASIA COULD LOSE THEIR PASSPORTS FOR UNPAID TAXES, i think the subject should have been "AMERICANS IN HONG KONG ASIA COULD LOSE THEIR PASSPORTS FOR UNPAID TAXES" KINDLY NOTE THE MISTAKE, dont just post for signature campaign post counting Opps! Noted, thankyou for the correction :) Title: Re: Asia could lose their passports for unpaid taxes Post by: erikalui on December 15, 2015, 10:52:03 AM Only few countries and not the whole Asia. I am also from Asia and I pay taxes except for the cash I own in bitcoins. I was taken aback by the news but this often happens overseas. They do even worse than just confiscating passports.
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