In order to best serve all needs, this post is for any further questions, comments and updates for the London UK Info Session.
Please note that The Church Hall is a separate location to the church
itself and is located about 100m north of Euston Road and about 30m east
of Eversholt Street on the southern side of Lancing Street.
For access, please ring the “Church Hall” buzzer to the right of the
entrance. The Church Hall is located on the second floor of St. Pancras
Church House.
Transport: The nearest train station is Euston. The location is also
within short walking distance of King’s Cross/St. Pancras train station.
The nearest Tube stations are Euston (Northern and Victoria), Euston
Square (Hammersmith & City, Metropolitan and Circle) and King’s
Cross/St. Pancras (Piccadilly).
Well, I’m planning to go!
Has this been advertised anywhere?
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See ya there!! 😉
Great US in the UK and MonaLisa!
As far as advertising, all I know of is what we are doing on this side of the pond. IBS, MSB, Meetup & FB. Please consider joining the Meetup Group to help it grow (you don’t really have to do anything)
http://www.meetup.com/American-US-Expats-Abroad/
and please “like” our FB page
https://www.facebook.com/USExpatsCanada
As best we can tell so far, the majority of the audience has come via IBS or the CBC coverage in mid-January.
Will do
Best of luck, Brockers in Britain.
According to the meetup site, John Richardson is listed as the guest speaker for the London, UK event. Is this confirmed?
@OAP
Yes he is.
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does one have to book in advance or just show up with entrance fee?
@Mark, you can just show up.
Hi Tricia,
I can’t make it, but I have some acquaintances down South who I will recommend this to..
Best wishes,
Christine
I’ll be there.
I see the comment I had posted here earlier disappeared along with the others people have mentioned.
@Publius,
sorry you won’t be there but of course, you will be in spirit!
@UK71
Great to know!
I found this thread from Google Alerts:
JAJ
Retired
Premium Member
Joined: Apr 2004
Posts: 33,438
Re: FBAR – Am I screwed? 🙁
Quote:
Originally Posted by theOAP
If you can be in London on 2nd March (this coming Sunday) there will be an info session from 2:00 to 5:00 PM for those in a similar circumstance to yourself. It’s an open meeting, and anyone can attend. See the following:
http://talk.uk-yankee.com/index.php?topic=82280.0
And JAJ says:
“Except that the event appears to be organized by the Isaac Brock Society, who have a lot of interesting information. However their website information is heavily tilted towards renunciation of U.S. citizenship as the solution. And doesn’t appear to give much (or any) discussion as to the actual practice of the IRS on the ground as opposed to exact letter of the law.”
This JAJ character has got it all wrong! Isaac Brock does NOT just “advocate renunciation” as the catch -all answer for US persons abroad!
Here’s the link…does anyone belong to that forum?
http://britishexpats.com/forum/showthread.php?t=826556
@Gwevil,
That is correct, IBS as a whole does not advocate renunciation as the only solution.
I however, personally do advocate renunciation or relinquishment as being the best way to end the misery of US servitude once and for all. Moreover, high renunciation numbers bring attention to the problem, which is the first step towards getting those clowns in Washington to actually wake up and do something about it.
The reality is that its not getting any better for longterm expats. RBT proposals are not being taken serious. Please have a look at Shadow Raider’s recent comments on the Levin / Camp thread.
RBT proposals ignored again by tax reformists:
http://isaacbrocksociety.ca/2014/02/26/while-the-sencarllevin-inquisition-is-taking-place-a-bulletin-from-repdavecamp/comment-page-1/#comment-1151655
Yes, but I don’t want people who may go to the information sessions to be actively discouraged from going because they think that renunciation and relinquishing are going to be the only options discussed at the information session.
While I agree that expats leaving in droves will be the only thing that gets the US attention, I want overseas US people to go to the meetings!
Indeed, GWevil; while I say that expatriation could be an act of self-preservation, it is still an extreme measure. In many (if not most) cases, benign minnows would probably still be reasonably OK so long as they were willing to seek compliance and realistically rely on an accountant. There are also cases in which people with derivative US citizenship (such as those born abroad with American parents) could probably stay below the radar.
However, I still wanted to simplify my life and remove all the burdens of compliance which expatriation released me from: not so much the double taxation as much as the restrictions on retirement planning, tedious paperwork and inevitably costly accounting fees….had I been on a decent salary, I might have been able to absorb annual bills north of $2000-$3000 but on my low (and insecure zero hours contract ), I just felt so relieved to be able to renounce.
monalisa,
Is that really where you would want a better salary to go?
I agree with you, GwEvil. Everyone’s decision will be different than the next person’s. Some people will want to stay US citizens. How they can make that work for them and their families, living outside the homeland and with the continuation of US citizenship-based taxation, will be their challenge.
@Calgary, not on principle but family ties can make that a difficult dilemma. But as things are, I’m in a rut job-wise so the bigger salary has probably passed me by, so all hypothetical here.
@GwEvil, Calgary, Still, I don’t know anyone who is willing to pay capital gains on the sale of their Canadian home. Most will have to give up US citizenship before their half of the house reaches 250K capital gains. Also, they should avoid TFSA and PFICs, unless they are comfortable hiding these things from the IRS. Also, if they are married to a Canadian or other Foreigner, then they might be putting that person into harms way, and this harm increases as either their financial situation improves or the US gets greedier and greedier.
Petros,
The tragedy is that with lingering occurrences of ostrich malady, many still will not realize such absurdities that the US can tax gains on the sale of their Canadian personal residence, that their Canadian tax-free savings are US taxable as a fully-CANADIAN “foreign trust” and that the US is able to blast their Canadian mutual funds to oblivion.