From Value Walk, an article outlining Nigel Green’s enthusiastic support for superlawyer Jim Bopp’s upcoming lawsuit. Disqus comments are ready for feedback.
DeVere Champions Super Lawyer Battle Against ‘Toxic’ FATCA
The founder and CEO of one of the world’s largest independent financial advisory organizations is hailing the involvement of one of America’s most prominent superlawyers in the campaign to repeal the highly controversial Foreign Account Tax Compliance Act (FATCA) as “the tipping point.”
The comments from Nigel Green of deVere Group, which has 80,000 clients and $10bn under advice, are in response to attorney Jim Bopp Jr’s decision to mount a legal challenge to the new law – due for implementation on July 1.
A legal challenge to FATCA
The high profile, no-nonsense lawyer is preparing a legal challenge to FATCA, which its opponents insist has a host of serious unintended adverse consequences.
Mr Green says: “The decision taken by Mr Bopp, who has previously successfully challenged other questionable finance laws in the Supreme Court, to take on the fatally-flawed FATCA could, I suspect, be the tipping point in the campaign to ultimately have it repealed.
“He is on a legal mission to definitively prove that FATCA, which has far-reaching negative consequences for the 7.6 million U.S. citizens abroad, the 13 million green-card holders and American businesses that operate globally, is unconstitutional on at least three counts.
“I believe that common sense and justice is on his side on this issue of national and international importance. I am confident that his legal opinion will prove to be sound and robust.”
I wish him good luck, and hope that he prevails.
I hope it makes a difference, but I haven’t seen the US gov. uphold the constitution for quite a while. It’s almost like some relic from the past that is completely ignored.
Could we get a small letter campaign (snail mail) to Nigel Green asking for support for the challenge?
I think for effect it would need to come from those with compelling stories like Blaze and Calgary.
The Challenge in Canada is complimentary to the challenge in the US.
Anyone else out there with compelling stories or in similar industries that could have a go at this?
This is the most important challenge of all- because it is at the source. I have my fingers crossed.
@Polly, they are both working together.
An advance in Canada will fuel the cross border effort and vice versa.
@All – I know it not part of the thread, but would it be possible to set up a separate page so Brockers could post the names of legal firms and other useful information concerning other IGA countries that are willing to take on board a FATCA discrimination case?
If Brockers outside of Canada had access to this information, in the EU for example, it may be possible to challenge an IGA in an EU member state and advance the case up to the European Court of Justice.
Also in some countries this may be possible without spending your own money as in some EU countries there may be legal aid available to challenge the IGA on discrimination grounds.
There must be some EU Brockers out there that would want to pursue this legal challenge across different EU member states.
Please remember if the ECJ rules an IGA discriminatory than that ruling applies across the whole EU because it would be ruled European Law supersedes a member state’s law in this case.
Oh I agree. Without the threat of a class action suit against the government, they will do whatever they want with the population. It is high time that people voice their objections with more than blogs. What is happening the world over most definitely goes against the sovereign rights and constitutions of many many countries. That has to be addressed- the wider the scale the better!
Good luck, Mr Bopp. The world is counting on you.
It may have been posted here somewhere, but is there a website set up to accept donations to the U.S. FATCA court case?
I have a few relatives in the States, lifelong Republicans, who may be interested.
The U.S. donation website is not up yet, but your relatives can contact Solomon Yue, CEO of Republicans Overseas, who will send out a donation form : Solomon@grassfiregroup.com
Anytime I speak to a Republican interested in donating to the U.S. anti-FATCA litigation effort led by attorney Jim Bopp, I ask that person to send an EQUAL donation to our Canadian anti-FATCA litigation effort at www. adcs-adsc.ca — and I suggest that you do the same.
Republicans Overseas Action Inc and our little band of Canadians are on the same good side on this one. One or the other, or both might be successful in killing the beast. You might explain this to your relatives.
@ Stephen Kish
Thanks for the information and the suggestion.
@Stephen Kish “Republicans Overseas Action Inc and our little band of Canadians are on the same good side on this one. One or the other, or both might be successful in killing the beast. You might explain this to your relatives.”
Very true both efforts compliment one another, this is a case of two plus two equals seven.
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Not sure this is the best place to post this, but here is another article related to Nigel Green. While 361 client’s responses does not make for a great survey, the mention of “an estimated 7.2 million American expatriates and 13 million green card holders” is interesting (I think we all knew about the # of expats but this gives us a glimpse of the # of GC holders who will be effected world-wide…..
Let’s not forget those of us who still live in the US, cannot move because of age, but still get hammered
by FATCA regs. The extra cost to have my taxes prepared is significant.
James Bopp is the lawyer behind the very unpopular “Citizens United” ruling that made corporations people too, which is about to be challenged by the Senate Judiciary Committee. Lawyer to the offshore tax evading corporations and people too?