I don’t know much about the show or the radio station in NYC but it should be available online both live and via archive. It looks this show which is fairly new has covered expat issues in the past such as interviewing Mark Nestmann. Interview air time looks to be 7:00PM Eastern.
I missed it live, but see that it is on youtube here…
Thanks, Just Me. Thanks, Jim Jatras.
I just listened to the whole program. I think Jim was focusing on trying to get the host/audience to see how detrimental FATCA will be on the US-primarily on the $$ that will be taken out/invested elsewhere. A good strategy. The host of the show did not seem to care a hoot that the US was being a bully. Just didn’t concern him at all. No discussion about expats at all; I think I remember the host making a side comment about how USPs living abroad aren’t view particularly favorably. Surprise, surprise. Canada did not come up at all.
Interesting how different it sounds after hearing it only from our end for so long.
The show last week had Mark Nestmann as guest; He introduces the idea of citizenship taxation by stating Hungary has just passed a law for a version of citizenship-based taxation. He said Canada and Germany were considering this. I haven’t had the idea that this was really a serious option?
Not discussing expats except from an entrepreneurial base.
There in lies the danger of our echo chamber. This is why I am engaging more on Linkedin these days where the Fatca Compliance Complex lives, just to stir the pot and get debate going and counter their Compliance Echo chamber too.
Never under estimate the power of a really bad idea to spread and be copied. Andy Sunberg was very worried about that, and it was why I modified and put up his “tongue and check” essay asking what if everyone copied the US? A good thought experiment, I think.
Thanks for resurrecting some of Andy Sunberg’s brilliant work — and thanks for presenting it to us in the first place, Just Me. RIP, Mr. Sundberg.
I hear you. I am not able to spend as much time with all this as I’d like right now so I haven’t become familiar enough with the LinkedIn Forums to be comfortable commenting.
I’ll have to read that essay-thanks for that!
@Nobledreamer, Just Me
Are you suggesting there’s a Brock Bubble? 🙂
@nobledreamer, Mark Nestmann is exaggerating. First of all, Hungary didn’t just pass a law for citizenship-based taxation. Such law has existed since at least 1995, and I suspect even earlier. But according to the law and the Hungarian tax instructions, Hungary doesn’t tax its nonresident citizens if they also have another citizenship, or if they reside in a country that has a tax treaty with Hungary. Hungary has tax treaties with 74 countries, including all of Europe (except four microstates) and every other country that has a significant Hungarian population. In practice, very few, if any, Hungarians are subject to citizenship-based taxation.
Second, other countries cannot impose citizenship-based taxation in any effective way without renegotiating their tax treaties. With the vast system of tax treaties already in place among so many countries, this just isn’t going to happen. Within the EU it’s practically impossible. France tried to renegotiate its tax treaty with Belgium, Belgium refused, and Gérard Depardieu showed that even if France tries to tax people based on citizenship, they can easily renounce it and acquire another one. The US is able to retain citizenship-based taxation because it’s had it since 1864 and it always made sure to include the saving clause in every tax treaty. Eritrea is a new country, created in 1993.
There is no basis to conclude a supposed trend of implementation of citizenship-based taxation around the world. If anything, there is a trend to abolish it. Five countries have done so since 1980, the most recent in 2011.
Yes, I am. That is not meant as a derogatory statement, it just recognizes that we tend to reinforce each other beliefs which generally I feel are right, but need to step outside of it occasionally to enter the FCC bubble and see how they are thinking and discussing the issue.
Make sense? Hope you are not taking offense of my use of the term. It is one of the concerns or criticisms of the internet as a whole, is that we all migrate, sometimes unconsciously, to our common opinion communities and then don’t hear many opinions or views counter to our own.
That is why I think, some of us valued “WhoaitsSteve” when he used to comment, or even ’30 Year IRS Vet’ until he went away. Since those voices are generally not here right now, I go looking for them outside the bubble, so to speak! 🙂 For instance, recently, I have some good exchanges with Stephen Mopsick which I would not get here, and I value that the perspective I get, even if I may not like the way the message gets delivered sometimes.
No offence taken as I absolutely agree. I realize our perspective is of those who are under siege and we find it offensive when we learn of those out there who are indifferent to our suffering. I agree that there are many homelanders who don’t really care about us, but must they take the attitude that we deserve every horrible thing the US can throw at us because of our physicality outside the US? If it’s not vindictiveness, it is most certainly often callousness. It’s easy to fall into the trap of them vs us, especially when we no longer want to be one of them because of what they are allowing to happen to us. Every day confirms to me how a US person cannot thrive outside the US and how we pose a danger to the other people and nations of the world. For me that’s one of the few messages I wish to convey to US and its people at this point. I suppose that after I renounce, I won’t even care to do that.
I took the meaning of your “Brock Bubble” differently (probably due to skip reading my way through the comments). I thought of it as an expanding bubble of awareness (i.e. the Brock community) which we hope will eventually be big enough to pop the delusions of those who are outside the bubble, thus bringing them inside the bubble and leaving a manageable number outside to mop up. I guess I still want to think that truth conquers all — even if it doesn’t do it in our lifetimes. I’ve had so many things I thought I understood turn out to be completely different when truth stepped into my consciousness and if I can’t hope that this will be the case with others then life becomes pretty dismal to me. It may not happen but I have to hope it happens, if that makes any sense at all. (USxcanada is going to get me good for this comment.)
@ Just Me
I read your comments at Stephen Mopsick’s site and I wonder if you think he will ever be able to take his former insider’s hat off and genuinely empathize with those who are non-compliant but unable to extricate themselves without untenable consequences, no matter what course they take.
*@ bubblebustin: You said, ‘Every day confirms to me how a US person cannot thrive outside the US and how we pose a danger to the other people and nations of the world.
For me that’s one of the few messages I wish to convey to US and its
people at this point. I suppose that after I renounce, I won’t even care to do that’.
I hope you don’t stop caring bubblebustin.
I think it is tough for him. Think about 30 years immersed in the bureaucracy, and as a prosecutor seeing some of the worst of human nature. Those influences are not quickly diminished or changed just because the job ended.
Then, frankly, at a certain age, your world view gets pretty set in place. Think of religion as a corollary, and how our beliefs are very hard to change once they are etched into our cranial grey matter and we have practiced them for 30, 40, 50 years. Look at the religious conversion process. It doesn’t happen nearly as frequently in old age as it does in the younger years when people are struggling with life’s questions and mysteries.
I take all of that into consideration when I consider how another person is viewing the world. Just my opinion, I could be wrong.
I can’t predict what I’ll feel once I’m on the other side and safely out of the clutches of the US of A. Right not I’m incredibly angry about this curse of US citizenship and what I hope to accomplish with renouncing is peace. What that entails, I can’t predict, but thank you for caring.
I think of our bubble as positive!
Got another blast of seeing it from a different angle after listening to Allison Christians’ talk at the Pepperdine forum. She presented FATCA from a different perspective, not necessarily negative-though she did stress it should either be fixed or dumped.
@NobleDreamer, et al; thanks for your comments. I am the producer of the radio show. I think Andrew definitely believes the US throws it’s weight around but has taken the approach, at least so far, to ask questions and let the guest make their own points and let the listener buy in. I’ll pass the feedback along so we can build the show for the needs of our listeners, and try to focus on entrepreneurs and expats, and also economic policy. Thanks.
NomadCapitalist is a very good website for ex-pats. Perhaps you would consider making a link to Isaac Brock Society.
IMHO dealing with the issues of citizenship-based taxation and renouncing / relinquishing US citizenship (what Isaac Brock does) is unavoidable for Americans living, working and investing abroad and can no longer be side-stepped.
Thank you for these comments and for clarifying; I’m not in radio and hadn’t considered that a host’s thinking may not be limited to what is said on air.
I am sure everyone here appreciates that you are listening and will try to address issues about expats and economics, etc for future. Makes me have a bit more faith in how things work! Let us know if we can be of any help.
Thanks for your comments and your show (and for the patience with my response). We decided to add a link to the site on our site. We also just put out a new article on this topic, comparing war-torn Eritrea and the US’ similar tax policies which you speak about here. It’s here Thanks again for the comments.