Americans in Asia could lose their passports for unpaid taxes

[edward222]

Credit to: Tax News : Americans in Asia could lose their passports for unpaid taxes

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  

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[btcdevil]

Credit to: Tax News : Asia could lose their passports for unpaid taxes

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

[sulfurtank]

And the article actually mentioned that they were granted 3 more months. Care to guess what will happen then?

[Skaven]

Waw I am kinda happy I don't live in asian even I am asian.
Well people just need to becareful then.

[zencomp]

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.   

[European Central Bank]

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?

[countryfree]

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.

[Amph]

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

[Mickeyb]

You can do whatever, but don't mess with Uncle Bill's taxes! It has always been like this!

[OROBTC]

...

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.

[justspare]

Wow the this seems like a big crisis waiting to happen. Those Americans better get their act together before anything bad happens.

[justspare]

Credit to: Tax News : Asia could lose their passports for unpaid taxes

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.

[Yakamoto]

Credit to: Tax News : Asia could lose their passports for unpaid taxes

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 

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.

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)

[amacar2]

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.

[DimensionZ]

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?

[lama-hunter]

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

regards
lama-hunter

[Newcoins2020]

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.

[edward222]

Credit to: Tax News : Asia could lose their passports for unpaid taxes

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 

[erikalui]

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.