An Open Letter to Canadians from TDV legal correspondent, Jim Karger
What he is talking about, or wants me to talk about, are the Canadians who are about to be given a swirly by the 900-pound gorilla to the south because they had the misfortune of being born to one American parent in Canada, or were born in the US for no good or apparent reason before returning to Canada as children. They are, to their extreme disadvantage, American citizens, whether they know it or not. And, American citizens, voluntary, knowing, or otherwise, are required by the most dangerous criminal enterprise in the world to report and pay taxes on every thin dime they earn their entire miserable lifetimes regardless where in the world they earned them or where they live.
So what?
Read on.
Don’t you just hate it when you are criticized for scaring people with the truth and run off the boards. It all started when I suggested that the present day USA is a NAZI (neo) regime. I have given my statements serious consideration in view of some criticisms of my style and extreme (in the eyes of some) viewpoints. It all ends with my holding to my opinion that America is run by NAZIS. I haven’t been over the border in 14 years and have no intention of ever going back to that insane creepy militaristic horrible place, at least not willingly. Snowbirds…you are getting what you deserve for your love of the USSA. You chose to stay blind in my opinion. Sadly Canada is now no better, a country with no ideals, morals or principles.
Surgite
@AtticusinCanada, I know what you are saying on political beliefs etc.
Inside all of the American Diaspora I think there is a tiny thread or piece of DNA that links us all together in one spirit.
Maybe its the old Frontier Spirit that is long dead in the US.
I also think of the flag that says Don’t Tread on Me.
I praise God that he did not leave us all alone and divided because that would have allowed our spirit to be conquered.
@All, think for a moment that IBS, Maplesandbox, the Flophouse never existed. Then ask what state of mind would you be in right now?
@From the Wilderness
Yes, of course it is good that the libertarians care, but they are a relatively small group compared with conservatives and the left in the United States. I respect Ron Paul, but he never came anywhere near the White House.
FATCA is an unusually bad bit of legislation. I have spent a lot time over the past few decades looking an another area of economic policy and have never seen the sort of outright misselling of the policy that is evident even from the way it was presented to Congress. When the sponsors of bills present measures on the floor of Congress there is always some spin, but in the case of FATCA the text quite clearly doesn’t match the rhetoric. Unfortunately, Congress doesn’t usually read the legislation it passes.
One thing to think about with FATCA is which really powerful group benefits from the legislation as it is? I suspect that the driving force behind FATCA was Wall Street. There was a great deal of anger towards bankers and FATCA would help to deflect some of this demand for reform. There is also now a very strong steer for people to use U.S.-domiciled financial products. Maybe they were expecting people to cash out their foreign mutual funds and other individual passive investments and pile into U.S. mutual funds or exchange-traded funds or move their foreign trusts to Nevada or North Dakota? FATCA also throws lots of costs onto the foreign competition.
FATCA also allowed certain key politicians to divert attention away from some activities that looked particularly bad after the banking crisis. Rep. Charlies Rangel, the bill’s sponsor, had not only evaded tax on foreign source earnings but also limited the IRS’s investigation into some donors accused of evading taxes through the Virgin Islands. Sen. Charles Schumer needed to distance himself from his open staunch support of Wall Street before 2008 (To get a measure of how sneaky he is, see New Republic online article ‘The Ballad of Chuck Schumer’ 2012) There are some sponsors, such as probably Levin, who don’t appear to have anything to hide, although I do wonder why he presented FATCA in the Senate in the way that he did..
@Publius
You`re right! So then the bad guys are the tax evaders instead of the Wall Street crooks who got everybody in this mess to begin with! Its NOT the fact that Walll Street ran the economy into the ground! Its those tax evaders who have ruined the economy.
Yep. Thats how it works. They found a scapegoat. And that is a lot like the Nazi regime too.
Let’s not forget that the Fed and Wall St. RUN Congress and the WH.
When we know this it is easy to see why some congressmen and senators make the decisions they do and say such outrageous things, as they are prone to do.
FATCA is only the first step and if you read the IGA they state quite cleary that not only does the IGA fall into line of the guidelines of the OECD global tax regime, it is a precursor, period.
IF you have read what the OECD says about the implementation of THEIR form of global taxation it will make your blood run cold. It is clear from the wording of the Canadian IGA they intend it to dovetail into the OECD norm. OECD will use residency based taxation, but do not be fooled by that. Residency means nothing when the tax regime is global.
You can be Canadian, from the UK or Timbuktu it will not matter.
Citizenship is being used to railroad through into Canada’s sovereignty and OECD global tax regime will railroad ALL sovereignty. They write about it with glee.
NO one on this planet will be spared. Individual. Small Business. Corporations. NO one.
And do not forget that the Canadian budget last year has bail in language writen in it on page 145. Why would there be bail in language in a Canadian budget? Why would Canada agree to an IGA at all when the intrusion is so egregious they could easily have said NO. They did not say NO because it protects the banks in Canada and their investments in the US. The US banks will NOT reciprocate. Treasury is NOT authorized to negotiate tax treaties ( US Senators call it a “faux” agreement) totally illegal and unpopular in the US because the US banks absolutely will NOT allow that kind of intrusion and they have said so quite clearly.
With the criminal targeting of conservative groups in the US by the IRS to thwart them from campaigning in 2012 and the subsequent hearings makes it clear the IRS under the Obama administration is a criminal orgainzation dedicated to fleecing every person in the US and abroad of every cent they have and more.The language in the OECD proposal makes it clear they will demand ( and get) every bit of personal and financial information of everyone and everything on this planet. They laugh about how they are going to make it painful to make a mistake on their forms they will require so they can inflict damaging penalties for even the smallest infraction.
All this information going to a central location at the UN while the OECD (34 countries of whom many are thuggish , criminal despots, Tyrants and Dictators) will go over it all to glean out all the details as to how best to fleece the sheep.:
http://www.thenewamerican.com/economy/economics/item/4534-us-funded-oecd-cartel-seeking-higher-global-taxes
http://www.thenewamerican.com/usnews/congress/item/17273-new-u-s-tax-regime-is-devastating-experts-say
http://www.swissinfo.ch/eng/i.html?cid=37494258&sb=twi
Monday, 06 January 2014 21:45
Globalists Exploit New U.S. Tax Law for World Taxation Regime
http://www.thenewamerican.com/economy/item/17337-globalists-exploit-new-u-s-tax-law-for-world-taxation-regime
FTA:
“To implement what critics call their nightmarish vision of a “World Tax Organization” — supposedly aimed at stopping tax evasion — the G-20 asked the United Nations-linked Organization for Economic Co-operation and Development (OECD) to take the lead. The widely criticized “cartel” of tax-hungry politicians, infamous primarily for fanatical efforts to crush national sovereignty and for bullying jurisdictions with relatively low taxes into surrendering their competitive advantage, is now working to develop the taxation regime and prod its member governments into adopting it.
Meanwhile, the inspiration and model for the global information-sharing scheme, OECD bosses admit, is FATCA. “A key catalyst for automatic exchange of information and the on-going OECD work has been the FATCA legislation enacted by the United States in 2010,” the international outfit said last year in a brief, adding that the plot also has the ardent support of central bankers and G-20 regimes. In fact, the brief explains, FATCA pseudo-treaties between the Obama administration and foreign governments — unconstitutional under the U.S. Constitution, critics say — will even serve as the “model” and “template” for the global regime.
The deeply controversial U.S. tax scheme, adopted in 2010 as part of an Obama administration “stimulus” ploy, is working to turn foreign governments and financial institutions into unpaid agents of the IRS. It is also causing havoc for middle-class Americans ”
FTA: “Despite mounting outrage and growing efforts to repeal FATCA or challenge it on constitutional grounds, it is set to go into effect in mid-2014. Critics are already warning of economic and human devastation. At the OECD and the G-20, though, top officials are hoping to spread the misery worldwide in the scramble to extract more wealth from the public”
More FTA: “Critics and analysts say that, among other concerns, financial privacy will soon be a relic of the past — at least if the global-tax schemers get their way and governments worldwide put citizens’ private data out in the open for any government or regime to access. OECD and its cohorts hope to have the controversial international tax-information regime in place by September of 2014. Already, planetary bureaucrats are terrorizing national authorities into changing their laws, warning governments from Hong Kong to Switzerland that they will have to alter their successful systems to “comply” with the draconian schemes.
In an interview with SwissInfo.ch, OECD tax czar Saint-Amans portrayed the outfit — funded in large part by $100 million annually from U.S. taxpayers — as some sort of global taxman. “The beauty of international organizations is that we oversee relations between nations and the differences between states,” he boasted, though it was not clear where the OECD had any sort of mandate to “oversee” relations between governments. “We will try to ensure that this initiative to make FATCA multilateral is concluded on the basis of reciprocity so that each country’s interests are taken into account.” By countries, of course, he means governments.
According to a brief by the OECD, among the data that governments would share with each other as part of the “automatic exchange of information” (AEOI) regime are various categories of income, changes of address, purchase or sale of property, and more. Of course, the scheme turns American traditions and constitutional protections upside down. Instead of being secure in one’s house, papers, and effects without a warrant and probable cause, governments and autocrats around the world will be free to rifle through citizens’ most sensitive information at will. Hackers, criminals, and identity thieves, among others, might also be able to access the data, opponents warn”
And finally this:
The plot to abolish financial privacy and national independence in tax policy will also be expensive, although the taxpayer-funded bureaucrats at the OECD — whose salaries are not taxed — do not seem to care. “What we are doing is to develop a single standard that will be compatible with national and regional systems — there will be only one way of collecting and exchanging information,” continued Saint-Amans. “That will cost something, but it is the price to pay to be free from suspicion of complicity in fiscal fraud.”
Did you get that? THEIR salaries are NOT taxed and are funded by the US Taxpayer ( clearly without THEIR knowledge or consent)
Nor is ANY mention made of the rights individuals and nations. They clearly intend to destroy all of that and have a funnel into their offices all information they can use to extract the last pound of flesh from every human on earth.
@Publius:
You wrote:
“I suspect that the driving force behind FATCA was Wall Street. There was a great deal of anger towards bankers and FATCA would help to deflect some of this demand for reform. There is also now a very strong steer for people to use U.S.-domiciled financial products. Maybe they were expecting people to cash out their foreign mutual funds and other individual passive investments and pile into U.S. mutual funds or exchange-traded funds or move their foreign trusts to Nevada or North Dakota? FATCA also throws lots of costs onto the foreign competition.”
Bingo! I think you nailed it.
Also, I don’t see Levin as an incorruptible ideologue. He gets support from large corporations and/or labor unions just like the rest of them.
So, when they say in the Canadian IGA that it is designed to fall into “OECD guidelines” THAT is what they mean!
They know what they are doing and doing it deliberately all the while touting the idea that they got such a GOOD deal out of Treasury and the IRS.
No warrants ( 4th amendment) No probable cause. No nothin’.
And when they have finished with some they will move on to the rest and if that does not extract enough here come the bail ins.
FATCA has the potential to absolutely devastate banking in the US because many will pull out and when it does, they will be coming for yours and mine in our bank accounts and savings accounts.
I think it is @ChearsBigEars who often says: ‘get out of the banks. Try Credit Unions and buy gold and silver’ Good advice for all of us perhaps.
Yet, many of us are creatures of habit are we not? We have for so long been used to banking and trusting the banks, relying on their services to fund our mortgages all the while fleecing with fees etc.
This is so much worse. It is a nightmare to even contemplate such an evil thing, let alone tell the world about what they plan to do and how they plan to do it.
So while MPs discuss and argue about having this debated in Parliament, the dye has already been cast.The government has a majority. They can and it appears they will do exactly what they want to do and they all ought to be soul level ashamed!
They do not want us to know just how betrayed we are. We ALL are.
And since it is Friday and we sure need a positive note:
Public outrage and fury can and does change governments and their policy implementations.
I remember when Brian Mulroney was confronted by an elderly lady wagging her finger in his face right in front of the cameras and telling him he ought to be ashamed at the way he was doing Seniors wrong.
It made a difference and the government of the day backed off their proposed policy and legislation.
So, while we can we MUST tell them in as many ways as we can that THEY are wrong and it is traitorous what they plan for our country.
And all countries.
It was Solange Denis and Goodbye Charlie Brown.
Tim says I will be Flaherty’s (now Oliver’s) Solange.
Unfortunately, Solange can’t be heard today. You can’t get anywhere near the Cons.
http://pushedleft.blogspot.ca/2010/11/in-todays-canada-solange-denis-would.html
For those who don’t remember or didn’t know about Solange Denis
http://tvanouvelles.ca/video/589354483001
and now it has been voted into office ( again in some secret court) that one can pay even MORE money to endorse one`s candidates in America. As if it wasn’t enough of a plutocracy already.
Its a world gone mad – and what gets me is that nobody is doing anything about it. Its like sheeple!! All it takes is for people to get involved! (((INVOLVED))) instead of watching what the celebs are doing or instead of thinking let the big guys decide. A vote- the masses of votes towards integrity are sorely lacking!
If Canadian allow Green card holder who reside in Canada to say they are not US persons. I doubt the Canadian government is forcing snowbird to say they are US resident, if they stay in Canada for more than 183 days. Of course I think these snowbird are at risk, if they cross the US border and have not filled all the USA tax forms. I think the US CBP will be keeping better record of how many days you stay in USA.
GeorgeIII,
I just gave another comment regarding green card holders: http://isaacbrocksociety.ca/2012/07/23/shadow-raider-is-rewriting-the-united-state-internal-revenue-code/comment-page-19/#comment-1381861.
Also, effective the same day FATCA goes into effect: http://isaacbrocksociety.ca/2013/11/22/kiwiv-and-royberg1-explains-how-cdn-snowbirds-can-be-subject-to-cdn-departure-tax-and-irs-taxes-fbar-and-fatca/, which includes Phase IV of the “Entry/Exit Initiative”, that also goes into effect July 1, 2014. The comments to that post have other media links on snowbirds. There are several discussions of the “snowbird problem” that can be accessed from the Isaac Brock Archives at the top of the home page.
I imagine a lot of snowbirds will start selling their USA properties, which also get you on US tax radar. You are safe in Canada, if you are a Canadian citizen, but those that are US citizen may face consequence due to 1995 US Canada tax treaty. Snowbird are generally more affluent and probably have used their snowbird address for part of the year (when T3, T4 and T5 comes out). Should not the constitutional lawyer see about overturning this law? Unlike FATCA this law has actual US taxation of Canadian residents and tax payers.
Calgary 411 you may ask tax people at the Calgary meeting if US has gotten CRA to collect from USA citizen due to 1995 Tax treaty?
The USA Tax law for selling of real estate by a non resident was changed in 2004, you may ask these same tax people if the USA can collect on these taxes as it occurred after the 1995 Tax treaty? Some people here say that for US taxes to be collected by CRA the tax changes has to be approved by Canadian government. If that is the case, these snowbird should sell their places now before CRA says that they would implement new laws. A bunch of Canadian snowbird not going south would have an adverse effect on various warm climate states.