Originally Posted by
jamar
This was mentioned a while ago, but I found out today that this is exactly what Uber does if you take a ride in a country other than your card issuing country. I took an Uber ride home from PVG airport and while the Uber receipt showed I was supposed to be charged 350 RMB it said in fine print "this transaction will be processed in USD". It just showed up on my AmEx as being processed from the US at a very good (0.1% off mid-market) exchange rate, neatly side-stepping the FTF my Costco AmEx charges.
Is this DCC avoidable?
Originally Posted by
AA_EXP09
In this case, what is to prevent a dual USA (replace with any other nationality that allows dual nationality)/Chilean national from using their foreign passport from also avoiding the tax?
Even if people can dodge the tax using DCC, I think in a country like Chile, this loophole will lead to DCCs with mark-up as high as the tax. After all, it's not a country with a very developed free-market, is it?