UPDATE: Click here for the audio of this interview.
Hi everyone, I’ve done the 10 minute spot with Pete the Planner, and I think it went pretty well; I was able to touch on many of the important issues that affect all of us.
What: The Pete the Planner Show on 93 WIBC
When: Friday nights from 7-9pm and then podcast online anytime
Once the podcast is available, we will make a link.
To those reading here who are in the OVDI, I draw your attention to this Jack Townsend guest post by Asher Rubinstein, Esq.
It has been said that the 2011 Offshore Voluntary Disclosure Initiative (OVDI) corrected many of the hiccups of the 2009 Offshore Voluntary Disclosure Program (OVDP)…… However, as more OVDI cases now head toward resolution, it appears that the IRS is again wavering in certain policy decisions, again to the detriment of taxpayers.
Why am I not surprised by this?
http://rendezvous.blogs.nytimes.com/2012/04/16/americans-the-tax-man-cometh-wherever-you-are/
I was just at the above link, where Steven Mopsick’s comment was, and I could not find any of the comments that had been left. Thinking that maybe there was an error with the page loading I refreshed my screen several times but they never appeared. Does anyone know what could be the reason? Does anyone possibly know whether the comments were still up yesterday? Is there a policy on the length of time that comments are displayed?
Cross posted from RenounceUScitizenship
By kicking the banks @sencarllevin triggers new world financial system – Goodbye U.S. – Hello Shanghai – #FATCA #FBAR isaacbrocksociety.com/2012/04/20/sen…
— U.S. Citizen Abroad (@USCitizenAbroad) April 20, 2012
Ever since the FATCA discussion started, I have always wondered:
Why would the rest of the world comply with FATCA? I read about compliance costs. I read about trying to cut deals with the IRS. What I don’t understand is why countries don’t take a much longer term view of this. Remember:
People always overestimate what they can do in one year and underestimate what they can do in ten years.
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A couple of days ago, I posted that former IRS lawyer Steven Mospick has publicly acknowledged the insanity of citizenship-based taxation – a fantastic step in the right direction.
Today, I want to call your attention to the fact that the Taxpayer Advocate Twitter account – @YourVoiceATIRS retweeted the following:
RT @specialreports: Thousands of Americans renounce citizenship out of tax frustration reut.rs/IGJ3Dx
— Taxpayer Advocate (@YourVoiceAtIRS) April 20, 2012
The link in the tweet is to the Atossa article. Click on the link – you will be astounded at how viral her article has become. In fact, her article has even caused us to ask the question: Who is the real Peter Dunn.
Again, this is fantastic news and will continue to raise the profile of this issue. Thank you Nina Olson!
About Senate Bill 1813 (passport confiscation), I’m not sure if anybody brought this up before on Isaac:
Perhaps most important, though, is Title II of the bill – “Stop Taxhaven Abuse.”
Long story short, if the U.S. government decides in its sole discretion that a foreign jurisdiction is impeding tax enforcement, Uncle Sam can shut them out of the U.S. financial system, no questions asked.
It’s just another measure to turn foreign banks into unpaid spies of the federal government … and limit financial freedom for U.S. citizens.
This is a bully move, plain and simple. Most of the global financial system depends on U.S. banks for correspondent accounts. When you wire money from Cambodia to Brazil, for example, the funds pass through New York.
Source:http://www.businessinsider.com/something-is-wrong-with-this-picture-2012-4
Start by recalling that the Canada-US population ratio is roughly 1:10, while the Canada-US travel ratio is (more) roughly 1:1.
Clear trends are discernible for figures in each of the columns in the table below.
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