66
I didn't realize that incurring a cost before it was reduced was lawsuit worthy. I'll have to remember that next time I buy something before a price drop.
It sounds like they're arguing that the increase was unnecessary, and done to dissuade people from doing it, rather than being reflective of the costs of the process. When they undid the price increase to be in line with other foreign services, they felt that showed that their claim has merit.
But the claim to begin with was that they increased the price due to increased demand straining resources. It would be more odd if it didn't come down after a time with that justification.
Increased demand would bring increased revenue to cover increased resources, no?
increased resources
Hah, good one.
Generally governments don't work on such a simple profit model. Especially not when activity in one sector (removing citizenship) damages activity in another (collecting taxes).
TBF, dissuading most citizens from it probably should be a goal to avoid capital flight.
The problem comes from edge cases where a "citizen" has never lived on American soil and doesn't intend to act on their entitlement to US citizenship.
You have to pay to get out? Never knew that.
The government always get something
The article makes it sound like the FACTA laws only apply to US citizens, but they also apply to all residents of the US, whether you’re a citizen or just there on a visa. Also, if you are required to file FACTA, you are also required to use a tax attorney, not just a tax accountant, which increases the costs even more.
Oh well that adds another layer doesn't it
this post was submitted on 05 Oct 2023
66 points (97.1% liked)
News
23311 readers
1230 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS