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@tgbtg7701 Yes, due to US ETFs not publishing a key investor information document, which is required for offering share to retail investors in the EU according to MIFID-2/PRIIPS. There are some ways to circumvent this, but they all have their drawbacks, e.g. requiring at least 500k€ ready to...

@kikizhao Here's the story: https://www.cbc.ca/news/canada/u-s-fatca-tax-law-catches-unsuspecting-canadians-in-its-crosshairs-1.2493864

@kikizhao Just never mention that you renounced due to tax issues, or you may be barred from entering the US forever. Oh, and if you're not deemed mentally competent enough to renounce, you may be stuck with US citizenship for life.

@tgbtg7701 Avoid owning shares of any mutual funds or ETFs that are not domiciled in the US (their ISIN does not start with US...) when you are a US tax resident. The US tax code does not like this and imposes ludicrously complex (expensive) reporting requirements and heavily punitive taxation...

@eee27 .. unless US-domiciled ETFs are unavailable due to local laws (other countries can regulate their financial/investment markets just like the USA can), or are taxed unfavorably or punitively by the local tax code. The "simple" solution can turn out to be surprisingly complex.

@christophe It does not matter what a fund invests in, but where its domicile (country of incorporation) is. This is shown in the two-letter code at the start of the ISIN. Anything other than "US" makes the fund foreign from a US perspective and highly likely a PFIC.

@jurasicd Depending on the social security treatment, it may be possible to transfer credits from one country to the other. This could eliminate the mess of having to deal with two countries' social security systems and the WEP in the US.