“‘FATCA is strangling us economically,’ says Genevieve Besser, an American who has lived in Germany for 25 years. Last year her youngest daughter, a dual citizen, had her local brokerage account closed by Deutsche Bank because her mother had signing authority over it.  Americans are even being forced out of products that are not subject to FATCA reporting: some have been forced to pay off mortgage balances with Swiss banks, for instance.  American banks and brokerages are growing frostier too. Some are closing the accounts of citizens who no longer have an American address because of FATCA.”

http://www.economist.com/news/united-states/21587815-loopy-tax-rules-spur-expats-renounce-their-american-citizenship-overtaxed-and-over-there

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