Wingnut
Dryer sheet wannabe
- Joined
- Oct 4, 2013
- Messages
- 20
My wife and are running into some stiff headwinds establishing a domicile with all the necessary accoutrements (like bank accounts, mortgage) in Switzerland as a direct result of the UBS tax evasion scandal.
Our situation:
Living comfortably, paying taxes both in the CH and US isn't an issue for us, but Switzerland is doing everything possible to make being a US expat impossible, and nearly so even for my Swiss wife. Separation not great, but my job requires extensive long duration travel, so even together we are apart often and this separation is deemed worthwhile for the big payoff of retiring in the Swiss Alps.
Here is the rub:
On the off chance someone on this forum is familiar with Swiss banking, what in the heck in going on?? With a legal residence, a Swiss passport, and proper paperwork on file and no one wants to have ANYTHING to do with ANYONE associated with the USA.
Doing a "Tina Turner" and giving up my US citizenship, besides sucking for me emotionally, would cost me my military pension, so that is a non-starter.
I am quite familiar with the (old) Swiss banking rules, but the rules seem to be changing fast, and not actually laws, but just a philosophy to avoid fiscal contact with anyone with a US connection.
Our situation:
- ME: US Citizen, retired USMC with military pension (50k/yr)
- DW: Swiss Citizen with US Green Card (for 6.5 years) with an I131 paid for and being processed for extended stay out of US.
- TDF90221 up to date with Swiss Accounts = 300k, about 100k in savings and 200k in pension products that my wife has had for decades and won't mature until mid 2030's.
- I'll ER in 2016 but won't need to make a withdrawal for several years as DW wants to work several more years. When we do withdraw CHF/$ it will be in the 2% range, so have no fear of the future.
Living comfortably, paying taxes both in the CH and US isn't an issue for us, but Switzerland is doing everything possible to make being a US expat impossible, and nearly so even for my Swiss wife. Separation not great, but my job requires extensive long duration travel, so even together we are apart often and this separation is deemed worthwhile for the big payoff of retiring in the Swiss Alps.
Here is the rub:
On the off chance someone on this forum is familiar with Swiss banking, what in the heck in going on?? With a legal residence, a Swiss passport, and proper paperwork on file and no one wants to have ANYTHING to do with ANYONE associated with the USA.
Doing a "Tina Turner" and giving up my US citizenship, besides sucking for me emotionally, would cost me my military pension, so that is a non-starter.
I am quite familiar with the (old) Swiss banking rules, but the rules seem to be changing fast, and not actually laws, but just a philosophy to avoid fiscal contact with anyone with a US connection.