51 thoughts on “Fatca: The end of financial privacy”
Just wished his articles would show up on Mother Jones, or the Atlantic to reach the Progressive crowd that dreamed up this FATCA fiasco… I also wished he would send them to The Hill, as the most read paper by the Congressman that voted for it.
Have you ever suggested this to him?
I haven’t specifically, but good idea. I will
Andrew Quinlan never fails to put together a good piece. Thanks WhiteKat for getting your claws into that idiot commenter who displayed such ignorance and vitriol.
@Em,
grrrr!
As automatic exchange of information proliferates, tensions surface on adequate taxpayer protections
As jurisdictions continue to embrace the automatic exchange of information, concerns are being raised about the extent to which taxpayers lack adequate protections.
“Does passing taxpayer information without his or her knowledge violate privacy right principles?” asked Prof. Jennifer Roeleveld of the University of Cape Town’s Faculty of Commerce on August 27, 2013 at the 67th Congress of the International Fiscal Association in Copenhagen.
Simple answer: YES!
Without financial privacy, for instance, law-abiding citizens around the world would be in danger of having all of their financial information shared with corrupt governments or criminal organizations, potentially exposing them to extortion, blackmail, or even kidnapping.
It already is shared with corrupt governments. Other than the US, all of the other banks (those connected with corrupt governments and churches) around the World. And then, the IGA’s are promoted to each and every country of the World.
Here is Jesse Eggert of the US treasury with the King of Qatar, making arrangements for his Islamic banks (and those of the surrounding countries) to collect the names, asset values, and social security numbers of all the Americans residing there, without any guarantees for safety of their data. Is this what we call security for the people from USA who would like to succeed internationally with US products and services? What do we need all those drones for when we have the US Treasury fragging Americans …. http://www.qatarisbooming.com/2013/01/14/speech-of-sheikh-abdulla-bin-saoud-al-thani-from-todays-fatca-symposium/
i wouldn’t be too too hard on that commenter. Quinlan’s accusations sound far fetched to the uninitiated. Some might even say he’s a foil hatter. We know better though.
@bubblebustin,
Too late. I beat the you know what out of him. Apparently now, the IRS is gonna get back at me for being so bold. What a jerk!
Thank you for that article JustMe.
I noted this paragraph;
“….Thomson Reuters Checkpoint/RIA Observation: Although not discussed at the panel, another concern raised by the automatic exchange of information is whether certain immutable personal characteristics such as citizenship or place of birth is appropriate criteria for the basis of exchanging information. For example, under many FATCA intergovernmental agreements (IGAs) with U.S., financial institutions are required to review all of their accounts for U.S. indicia, including U.S. citizenship or place of birth. Such discriminatory criteria may violate some countries’ human rights principles. (See e.g. Where is the FATCA IGA with Canada? Model agreement could violate Canada’s Charter of Rights, International Taxes Weekly, 03/19/13)…”
So apparently this ‘senior researcher’ idiot is quoting comments I make at IBS over at Andrew’s article. I guess he was insulted that I called him a sociopath.
I guess I should not let people like him bother me so much. I know that’s what they get off on.
@ WhiteKat
I think your assessment of which “path” the Senior and the Otter are on is quite accurate. Their lack of empathy is very disturbing to me. I wonder who they work for — the compliance industrial complex perhaps? Here’s something else to consider …
#9) Sociopaths never apologize. They are never wrong. They never feel guilt. They can never apologize. Even if shown proof that they were wrong, they will refuse to apologize and instead go on the attack.
Em and Whitekat – re WhiteKat says
September 13, 2013 at 9:21 am
Probably better not to bother energy and time to continue to engage the SR – it looks as if he thrives on it when given a chance. There is a poster who writes under the name ‘Senior Researcher’ avatar at the Townsend blog occasionally too. If you click on his name ‘Senior Researcher’, other blog participations with his avatar come up. In one instance on Jack Townsend’s blog he was instructed by the moderator to restrict the content to constructive contributions there. I don’t know what his problem is because sometimes his comments on the Townsend blog show that he has some grasp of certain issues – but what his particular interest/role in relation to this situation isn’t clear.
SeniorResearcher
• 2 months ago
Tax Loss: $373,57 ….
Avatar
Jack Townsend Mod to SeniorResearcher
• 2 months ago
“Thanks for calling this to my attention. [Note to this commenter, if you make good comments, I will approve them and this correction was good. I thank you for calling it to my attention. Of course, as you notice, I did strip out the part of your comment that added nothing helpful. If you will keep your focus and make helpful comments, the readers of this blog and I will appreciate it and perhaps enter into meaningful dialog with you that can further the discussion. Your choice. But I will not approve comments that do not further the purpose of this blog.].”
I was referring to The Contentious Otter only. Our chameleon friend Senior Researcher, unlike Otter, is anything but ignorant of the issues effecting USP’s abroad. He/she is popping up a variety of places under different identities. I hope you like playing whack-a-mole 🙂
I have to add that SR or someone else has hijacked my ‘bubblebustin’ identity on a couple of other blogs, so if anyone gets a comment from any of us that seems out of character, treat it with suspicion.
http://12160.info/profiles/blogs/disinformation-tactics-of-shills-online-trolls-zombies
I keep this handy on my desktop to remind me of the tactics of disinformation. I wouldn’t say I’m adept at spotting disinformation but I do try to keep in mind that it is out there. I abhor game playing and it’s so pervasive these days — particularly with politicians.
Senior Researcher is certainly an interesting character who scans the web for information to use for attacking IBS members. I wonder why he/she feels that such attacks are necessary? Is FATCA not doing so well? I almost feel sorry for him/her that he/she spent so much time surfing the net with the hope of finding something to use to annoy me with, and yet still failed. I just get a nice kick out of pointing out the anti-American nature of such ad homimens. I wish him/her better luck tomorrow. Should I maybe write “Why I Renounced US Citizenship, Part II”, to give him/her more ammunition to use against me?
They hate us for our audacity to challenge their own cognitive dissonance in particular and American exceptionalism in general.
@swisspony,
He’s not that interesting, but his discuss profile says he is from Moscow. You were right on the money about him hating Americans.
He hates moms in tennis shoes too apparently…a quote from SeniorResearcher on discuss 5 years ago, I kid you not: ” No Tennis moms – that is the hardest job – they are vicious”
@swisspony, I meant on ‘The Daily Caller’.
@all, not to sound to paranoid, cause I’m not really, but should anyone from IBS go missing….
A very nasty mysognistic comment was left by Senior Researcher, that I flagged as inappropriate. He has been around for 5+ years based on his profile as SeniorResearcher, and has not just appeared since FATCA or IBS. So, be forewarned. The tennis mom comment from 5 years ago was eerie,.
@WhiteKat. This guy likes pulling your chain. Ignore him.
@bubblebustin, Its worse than chain pulling, and it has nothing to do with me. My last comment at Andrew’s article:
A lot of comments have been generated here: most of them embarrassingly juvenile. However I figured something out. SeniorResearcher is not an American. He is a Russian ‘horseshit’ disturber, who loves to see everyone hate Americans, especially Canadians.
As a Canadian, by ancestry, and by life experiences, but an American by birth, with a bone of contention due to FATCA and CBT, I understand now, how much individuals like SeniorResearcher enjoy seeing America ripped apart, and its allies turned into enemies. Regardless, that FATCA and CBT hurt people, and are glaringly unjust, the dialogue (if you can call it that) which has gone on here, is a lie. There is no American here, representing America, only an enemy, happy to convert a hurt ally into another enemy.
And Putin’s letter to Obama recently, was a whole bunch of ‘horseshit’ too.
Just wished his articles would show up on Mother Jones, or the Atlantic to reach the Progressive crowd that dreamed up this FATCA fiasco… I also wished he would send them to The Hill, as the most read paper by the Congressman that voted for it.
Have you ever suggested this to him?
I haven’t specifically, but good idea. I will
Andrew Quinlan never fails to put together a good piece. Thanks WhiteKat for getting your claws into that idiot commenter who displayed such ignorance and vitriol.
@Em,
grrrr!
As automatic exchange of information proliferates, tensions surface on adequate taxpayer protections
http://blog.thomsonreuters.com/index.php/as-automatic-exchange-of-information-proliferates-tensions-surface-on-adequate-taxpayer-protections/
Simple answer: YES!
Without financial privacy, for instance, law-abiding citizens around the world would be in danger of having all of their financial information shared with corrupt governments or criminal organizations, potentially exposing them to extortion, blackmail, or even kidnapping.
It already is shared with corrupt governments. Other than the US, all of the other banks (those connected with corrupt governments and churches) around the World. And then, the IGA’s are promoted to each and every country of the World.
Here is Jesse Eggert of the US treasury with the King of Qatar, making arrangements for his Islamic banks (and those of the surrounding countries) to collect the names, asset values, and social security numbers of all the Americans residing there, without any guarantees for safety of their data. Is this what we call security for the people from USA who would like to succeed internationally with US products and services? What do we need all those drones for when we have the US Treasury fragging Americans …. http://www.qatarisbooming.com/2013/01/14/speech-of-sheikh-abdulla-bin-saoud-al-thani-from-todays-fatca-symposium/
i wouldn’t be too too hard on that commenter. Quinlan’s accusations sound far fetched to the uninitiated. Some might even say he’s a foil hatter. We know better though.
@bubblebustin,
Too late. I beat the you know what out of him. Apparently now, the IRS is gonna get back at me for being so bold. What a jerk!
Thank you for that article JustMe.
I noted this paragraph;
“….Thomson Reuters Checkpoint/RIA Observation: Although not discussed at the panel, another concern raised by the automatic exchange of information is whether certain immutable personal characteristics such as citizenship or place of birth is appropriate criteria for the basis of exchanging information. For example, under many FATCA intergovernmental agreements (IGAs) with U.S., financial institutions are required to review all of their accounts for U.S. indicia, including U.S. citizenship or place of birth. Such discriminatory criteria may violate some countries’ human rights principles. (See e.g. Where is the FATCA IGA with Canada? Model agreement could violate Canada’s Charter of Rights, International Taxes Weekly, 03/19/13)…”
So apparently this ‘senior researcher’ idiot is quoting comments I make at IBS over at Andrew’s article. I guess he was insulted that I called him a sociopath.
I guess I should not let people like him bother me so much. I know that’s what they get off on.
@ WhiteKat
I think your assessment of which “path” the Senior and the Otter are on is quite accurate. Their lack of empathy is very disturbing to me. I wonder who they work for — the compliance industrial complex perhaps? Here’s something else to consider …
#9) Sociopaths never apologize. They are never wrong. They never feel guilt. They can never apologize. Even if shown proof that they were wrong, they will refuse to apologize and instead go on the attack.
Learn more: http://www.naturalnews.com/036112_sociopaths_cults_influence.html#ixzz2emt5b51e
Em and Whitekat – re WhiteKat says
September 13, 2013 at 9:21 am
Probably better not to bother energy and time to continue to engage the SR – it looks as if he thrives on it when given a chance. There is a poster who writes under the name ‘Senior Researcher’ avatar at the Townsend blog occasionally too. If you click on his name ‘Senior Researcher’, other blog participations with his avatar come up. In one instance on Jack Townsend’s blog he was instructed by the moderator to restrict the content to constructive contributions there. I don’t know what his problem is because sometimes his comments on the Townsend blog show that he has some grasp of certain issues – but what his particular interest/role in relation to this situation isn’t clear.
See;
http://federaltaxcrimes.blogspot.ca/2013/07/hsbc-india-depositor-sentenced-71013.html#comment-959943144
SeniorResearcher
• 2 months ago
Tax Loss: $373,57 ….
Avatar
Jack Townsend Mod to SeniorResearcher
• 2 months ago
“Thanks for calling this to my attention. [Note to this commenter, if you make good comments, I will approve them and this correction was good. I thank you for calling it to my attention. Of course, as you notice, I did strip out the part of your comment that added nothing helpful. If you will keep your focus and make helpful comments, the readers of this blog and I will appreciate it and perhaps enter into meaningful dialog with you that can further the discussion. Your choice. But I will not approve comments that do not further the purpose of this blog.].”
In other comments he was civil:
http://federaltaxcrimes.blogspot.ca/2013/03/irs-has-new-forms-for-offshore.html#comment-850862041
@WhiteKat
I was referring to The Contentious Otter only. Our chameleon friend Senior Researcher, unlike Otter, is anything but ignorant of the issues effecting USP’s abroad. He/she is popping up a variety of places under different identities. I hope you like playing whack-a-mole 🙂
I have to add that SR or someone else has hijacked my ‘bubblebustin’ identity on a couple of other blogs, so if anyone gets a comment from any of us that seems out of character, treat it with suspicion.
http://12160.info/profiles/blogs/disinformation-tactics-of-shills-online-trolls-zombies
I keep this handy on my desktop to remind me of the tactics of disinformation. I wouldn’t say I’m adept at spotting disinformation but I do try to keep in mind that it is out there. I abhor game playing and it’s so pervasive these days — particularly with politicians.
Senior Researcher is certainly an interesting character who scans the web for information to use for attacking IBS members. I wonder why he/she feels that such attacks are necessary? Is FATCA not doing so well? I almost feel sorry for him/her that he/she spent so much time surfing the net with the hope of finding something to use to annoy me with, and yet still failed. I just get a nice kick out of pointing out the anti-American nature of such ad homimens. I wish him/her better luck tomorrow. Should I maybe write “Why I Renounced US Citizenship, Part II”, to give him/her more ammunition to use against me?
They hate us for our audacity to challenge their own cognitive dissonance in particular and American exceptionalism in general.
@swisspony,
He’s not that interesting, but his discuss profile says he is from Moscow. You were right on the money about him hating Americans.
He hates moms in tennis shoes too apparently…a quote from SeniorResearcher on discuss 5 years ago, I kid you not: ” No Tennis moms – that is the hardest job – they are vicious”
@swisspony, I meant on ‘The Daily Caller’.
@all, not to sound to paranoid, cause I’m not really, but should anyone from IBS go missing….
A very nasty mysognistic comment was left by Senior Researcher, that I flagged as inappropriate. He has been around for 5+ years based on his profile as SeniorResearcher, and has not just appeared since FATCA or IBS. So, be forewarned. The tennis mom comment from 5 years ago was eerie,.
@WhiteKat. This guy likes pulling your chain. Ignore him.
@bubblebustin, Its worse than chain pulling, and it has nothing to do with me. My last comment at Andrew’s article:
A lot of comments have been generated here: most of them embarrassingly juvenile. However I figured something out. SeniorResearcher is not an American. He is a Russian ‘horseshit’ disturber, who loves to see everyone hate Americans, especially Canadians.
As a Canadian, by ancestry, and by life experiences, but an American by birth, with a bone of contention due to FATCA and CBT, I understand now, how much individuals like SeniorResearcher enjoy seeing America ripped apart, and its allies turned into enemies. Regardless, that FATCA and CBT hurt people, and are glaringly unjust, the dialogue (if you can call it that) which has gone on here, is a lie. There is no American here, representing America, only an enemy, happy to convert a hurt ally into another enemy.
And Putin’s letter to Obama recently, was a whole bunch of ‘horseshit’ too.