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Why expats face tax troubles with the bank

by Alexandra Hartman Editor-in-Chief

WiWo Coach is the exclusive advice service for WiWo subscribers. Top experts answer all your questions regarding investments, pensions, careers, taxes and law.

The question: Our reader is supposed to work for a Bavarian automobile manufacturer in the USA for three years and wants to move there with his family. There is a lot to plan in advance. But there is one problem: the reader holds several equity funds in his securities account. He also regularly saves for index funds (ETFs) for his children. Actually, these funds should be held for the long term. But now his employer is suggesting that he sell it. “Otherwise, according to him, it would be expected that my bank would terminate me because the tax treatment is too complex for someone who lives in the USA,” writes the reader.

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