61 thoughts on “One More Time! TTFI Petition Seeks Signatures”
Residence based taxation PLEASE ! Before my entire family renounces !
With massive renunciations around the corner, the United States will loose many valuable citizens, people are brought in dual cultures, people who are valuable to the intelligence agencies, people who will work abroad FOR the US, promoting American goods and services.
Thanks for posting this, Muzzled.
Solomon Yue of Republicans Overseas says basically anyone who’s affected by CBT can sign. Just put N/A in the appropriate places.
Looks like they’ve joined forces with Grover Norquist and Americans for Tax Reform.
“They can sign. This time we ask 3 groups: expats/former expats/ATR tax reformers 2 sign our petitions 2 Treasury & Congress. ATR/RO joinly cash in Holding’s/Brady’s raincheck 4 #TTFI. In return we help their members 2 understand why TTFI needs 2 connect w/ TTFC & 15.5% tax hurts.”
“Yes they can & they should sign. We will inform Congress why we have 3 groups: expats/former expats/tax reformers, including their US & non-US spouses/family members/business partners affected by both #FATCA & #FBAR, especially after the 15.5% repatriation tax passed in 2017.”
All the image links are broken on the initial page, which is not a very good impression to give to people who need a LOT of convincing to make them sign. I’d much rather send them to this page first rather than straight to the petition. Is there a better version of the webpage than the broken Mail Chimp link?
Had already signed it.
Thanks.
Thank you JC and MuzzledNoMore (and everyone who’s signing it). I’ve put a link to to the survey (and to this post) on the “Surveys and Petition” page in the Take Action! box in the Sidebar, and will give it it’s own link in that box as this post moves down the front page.
Thanks MuzzledNoMore and JC for bringing this petition to our attention. I, too, have signed this petition. May we, one fine day, be heard!
Signed again, this time too! May take more than petitions to get FATCA Repealed, if a sitting US Senator, Rand Paul, had his case with the Bopp Law Firm Dismissed for lack of standing, that is a large signal that they do not want to deal with it or do not want to change anything. Am not sure what to suggest but the numbers of FBARS are not even 1/9th of the US Persons, living outside the US.
We have lost the description Lincoln used in his address. The government of the people, for the people, and by the people, has perished from this earth.
We have a government so big they couldn’t be compassionate if they tried. It is so clumsy ,they stumple from one crisis to another. They pit one group against another and move on. A segment of the government responsible for collecting taxes forget they are taking money from one group, injuring them and keeping some for themselves, and giving money they don’t own, to another group.thinking they are helping them but are really destroying their spirit, giving them a sense of low self worth. to sum it up it is a government for the greedy, by the heartless, helping nobody and it will not perish from this earth, when we would all be better off if it did. Washington, Adams, Madison, Hamilton, Franklin and Jefferson knew this and worded the constitution to prohibit an income tax, wisely saying we should get the money to run a small government from tariffs and excises (sales taxes and taxes on imports).
Along came Marx and described what he wanted (a progressive income tax) to destroy the middle class, which he despised and a less intelligent population fell for the 16th amendment that is destroying the Union.
We must keep voting the legislature out every two years until one of them passes the FairTax and passes a balanced budget amendment with it. God help us until we get them into office.
@Wilton
I for one welcome our socialist overlords.
Signed !
Well we all need to try our best to get a petition signed so many times but Congress only looks for people who pay their way to them by donations and right now compliance industry is doing all it’s best to make sure that no law repeals CBT. So many condors overseas will have to close down their businesses as well as condors in USA and they will not take any efforts to repeal it silently. The companies paid their way into passing the last tax law that made Apple and several firms really happy as they had paid donations to get their laws pass. We on the other hand are not paying them. We are getting taxed by force living overseas using none of their services.
@JC: Sorry for the false alarm. It turns out to be a Firefox issue, the browser being overly paranoid and not displaying images from that page. Anyway, I’ve been sharing, got at least 5 others to sign today.
Detailed account of America’s long struggle to stop non-US-resident USC owners/shareholders of CFCs from claiming FTCs to avoid double taxation.
Oops – thought I was posting in the Australia thread. Apologies.
Also signed, with phonetic pseudonym and a snarky comment along the lines of these laws have no impact on me because I ignore them but I’d be happier if you fixed this mess so please do so.
Signed.
Wilton: “The government of the people, for the people, and by the people, has perished from this earth.” Sadly, your words are so true. I believe that if we are ever successful in getting the US government to abolish CBT we will not just have regained our own freedom but will have played a crucial role in reminding America of the fundamental reasons for her existence.
From some discussion on Twitter with Solomon.
He stresses that it will have more chance of success being called Territorial Taxation For Individuals, as recently Territorial Taxation For Companies has recently been passed.
He says that the name “Residence Based Taxation” has been tainted by ACAVoice and Democrats Abroad proposals for “Residence Based Taxation” that involve continuing FATCA compliance requirements of Foreign Financial Institutions, a FATCA Same Country Exclusion for individuals, and continuing FBAR requirements, [and also disregard for accidentals].
He views the name “territoriality” contains a simple message of only being taxed by the country one is in.
IMO, expanding on this, some may say that the U.S. has Resident Based Taxation – it taxes its residents, like any other country (reminds me of Gerry Connolly in the FATCA Congressional Hearing). Yet there is the nasty part of the U.S. tax code that says that US Persons shall all be considered residents of the U.S. for U.S. taxation purposes no matter where in the world people reside.
While I did not receive an answer from Solomon Yue about the difference between TTFI and RBT as practiced by all other OECD nations, I think the difference will be this: explicit that U.S. taxation will only be on those in the territory of the U.S. I think that there will be that provision that it would be on worldwide income for those resident in the territory of the U.S. And, the current taxation of U.S. investments owned by outsiders will continue.
Please sign the petition. A dedicated TTFI bill will get voting record on all in Congress on the issue. If they and the system fails again then it would be one more reason to support action by the Alliance for the Defeat of Citizenship Based Taxation “to the courts!”
There was indication of some action by RO in April, something about an action to preserve liberty on the scale of the Normandy invasion. I also heard something about a tax reconciliation bill coming in by the end of the year.
@JC
I read somewhere that RO abandoned their proposed April beach landing, but can’t find their statement of such anywhere. You may want to contact Solomon Yue regarding this.
BB: There’s something to that effect in the very first paragraph of JC’s link. “We initially expected that a tax reconciliation bill would be submitted in April 2018 to fix any issues with the Tax Cuts and Jobs Act that was passed at the end of 2017. However, it now appears that the IRS will not make any recommendations for ‘fixes’ until the end of 2018.”
My question is what does the IRS have to do with passing laws? Why would Congress not be able to TELL the IRS what it has to do? We want a couple of laws abolished and new, fair ones adopted in their place. That’s no business of the IRS. Can anybody explain what the above paragraph actually means?
Residence based taxation PLEASE ! Before my entire family renounces !
With massive renunciations around the corner, the United States will loose many valuable citizens, people are brought in dual cultures, people who are valuable to the intelligence agencies, people who will work abroad FOR the US, promoting American goods and services.
Thanks for posting this, Muzzled.
Solomon Yue of Republicans Overseas says basically anyone who’s affected by CBT can sign. Just put N/A in the appropriate places.
Looks like they’ve joined forces with Grover Norquist and Americans for Tax Reform.
“They can sign. This time we ask 3 groups: expats/former expats/ATR tax reformers 2 sign our petitions 2 Treasury & Congress. ATR/RO joinly cash in Holding’s/Brady’s raincheck 4 #TTFI. In return we help their members 2 understand why TTFI needs 2 connect w/ TTFC & 15.5% tax hurts.”
“Yes they can & they should sign. We will inform Congress why we have 3 groups: expats/former expats/tax reformers, including their US & non-US spouses/family members/business partners affected by both #FATCA & #FBAR, especially after the 15.5% repatriation tax passed in 2017.”
All the image links are broken on the initial page, which is not a very good impression to give to people who need a LOT of convincing to make them sign. I’d much rather send them to this page first rather than straight to the petition. Is there a better version of the webpage than the broken Mail Chimp link?
Had already signed it.
Thanks.
Thank you JC and MuzzledNoMore (and everyone who’s signing it). I’ve put a link to to the survey (and to this post) on the “Surveys and Petition” page in the Take Action! box in the Sidebar, and will give it it’s own link in that box as this post moves down the front page.
Thanks MuzzledNoMore and JC for bringing this petition to our attention. I, too, have signed this petition. May we, one fine day, be heard!
Signed again, this time too! May take more than petitions to get FATCA Repealed, if a sitting US Senator, Rand Paul, had his case with the Bopp Law Firm Dismissed for lack of standing, that is a large signal that they do not want to deal with it or do not want to change anything. Am not sure what to suggest but the numbers of FBARS are not even 1/9th of the US Persons, living outside the US.
We have lost the description Lincoln used in his address. The government of the people, for the people, and by the people, has perished from this earth.
We have a government so big they couldn’t be compassionate if they tried. It is so clumsy ,they stumple from one crisis to another. They pit one group against another and move on. A segment of the government responsible for collecting taxes forget they are taking money from one group, injuring them and keeping some for themselves, and giving money they don’t own, to another group.thinking they are helping them but are really destroying their spirit, giving them a sense of low self worth. to sum it up it is a government for the greedy, by the heartless, helping nobody and it will not perish from this earth, when we would all be better off if it did. Washington, Adams, Madison, Hamilton, Franklin and Jefferson knew this and worded the constitution to prohibit an income tax, wisely saying we should get the money to run a small government from tariffs and excises (sales taxes and taxes on imports).
Along came Marx and described what he wanted (a progressive income tax) to destroy the middle class, which he despised and a less intelligent population fell for the 16th amendment that is destroying the Union.
We must keep voting the legislature out every two years until one of them passes the FairTax and passes a balanced budget amendment with it. God help us until we get them into office.
@Wilton
I for one welcome our socialist overlords.
Signed !
Well we all need to try our best to get a petition signed so many times but Congress only looks for people who pay their way to them by donations and right now compliance industry is doing all it’s best to make sure that no law repeals CBT. So many condors overseas will have to close down their businesses as well as condors in USA and they will not take any efforts to repeal it silently. The companies paid their way into passing the last tax law that made Apple and several firms really happy as they had paid donations to get their laws pass. We on the other hand are not paying them. We are getting taxed by force living overseas using none of their services.
@Barbara I tried all the links they all work.
Signed, with some choice comments added.
Pls RT /Like
https://twitter.com/JCDoubleTaxed/status/964078781316046848
@JC: Sorry for the false alarm. It turns out to be a Firefox issue, the browser being overly paranoid and not displaying images from that page. Anyway, I’ve been sharing, got at least 5 others to sign today.
“A History of Controlled Foreign Corporations and the Foreign Tax Credit”
https://www.irs.gov/pub/irs-soi/historycfcftc.pdf
Detailed account of America’s long struggle to stop non-US-resident USC owners/shareholders of CFCs from claiming FTCs to avoid double taxation.
Oops – thought I was posting in the Australia thread. Apologies.
Also signed, with phonetic pseudonym and a snarky comment along the lines of these laws have no impact on me because I ignore them but I’d be happier if you fixed this mess so please do so.
Signed.
Wilton: “The government of the people, for the people, and by the people, has perished from this earth.” Sadly, your words are so true. I believe that if we are ever successful in getting the US government to abolish CBT we will not just have regained our own freedom but will have played a crucial role in reminding America of the fundamental reasons for her existence.
From some discussion on Twitter with Solomon.
He stresses that it will have more chance of success being called Territorial Taxation For Individuals, as recently Territorial Taxation For Companies has recently been passed.
He says that the name “Residence Based Taxation” has been tainted by ACAVoice and Democrats Abroad proposals for “Residence Based Taxation” that involve continuing FATCA compliance requirements of Foreign Financial Institutions, a FATCA Same Country Exclusion for individuals, and continuing FBAR requirements, [and also disregard for accidentals].
He views the name “territoriality” contains a simple message of only being taxed by the country one is in.
IMO, expanding on this, some may say that the U.S. has Resident Based Taxation – it taxes its residents, like any other country (reminds me of Gerry Connolly in the FATCA Congressional Hearing). Yet there is the nasty part of the U.S. tax code that says that US Persons shall all be considered residents of the U.S. for U.S. taxation purposes no matter where in the world people reside.
While I did not receive an answer from Solomon Yue about the difference between TTFI and RBT as practiced by all other OECD nations, I think the difference will be this: explicit that U.S. taxation will only be on those in the territory of the U.S. I think that there will be that provision that it would be on worldwide income for those resident in the territory of the U.S. And, the current taxation of U.S. investments owned by outsiders will continue.
Please sign the petition. A dedicated TTFI bill will get voting record on all in Congress on the issue. If they and the system fails again then it would be one more reason to support action by the Alliance for the Defeat of Citizenship Based Taxation “to the courts!”
There was indication of some action by RO in April, something about an action to preserve liberty on the scale of the Normandy invasion. I also heard something about a tax reconciliation bill coming in by the end of the year.
@JC
I read somewhere that RO abandoned their proposed April beach landing, but can’t find their statement of such anywhere. You may want to contact Solomon Yue regarding this.
BB: There’s something to that effect in the very first paragraph of JC’s link. “We initially expected that a tax reconciliation bill would be submitted in April 2018 to fix any issues with the Tax Cuts and Jobs Act that was passed at the end of 2017. However, it now appears that the IRS will not make any recommendations for ‘fixes’ until the end of 2018.”
My question is what does the IRS have to do with passing laws? Why would Congress not be able to TELL the IRS what it has to do? We want a couple of laws abolished and new, fair ones adopted in their place. That’s no business of the IRS. Can anybody explain what the above paragraph actually means?
Turf war?
http://isaacbrocksociety.ca/media-and-blog-articles-open-for-comment-part-5-of-5/comment-page-8/#comment-8143897
It’s should make an interesting “turf war” should someone whose careen was spent fighting the IRS is chosen to lead it.
To Lead I.R.S., Trump Nominates Lawyer Who Battled It
http://comment-news.com/source/www.nytimes.com/2018/02/08/us/politics/charles-rettig-irs-commissioner.html/