I thought only kids had imaginary friends. Well, it turns out IRS makes them up too. Theirs is a shadowy recluse billionaire in China who might buy a piece of art on the black market.
IRS estimated value of this piece of art (which can’t be legally bought or sold because it contains a stuffed eagle’s head!) is $65 million! Here’s the story from Forbes:
Americans in Sweden suffer US tax crackdown
Like Canada, Sweden is definitely not a tax haven. Expat4ever posted a link to an article about Americans in Sweden facing the wrath of the IRS. One woman, who has been filing with IRS every year for 25 years was told by IRS she owed over $1 million for failure to file FBARs (which she, like others, didn’t know about).
I’m moving the link to the article here so it has its own thread. I have posted a comment on the Swedish website inviting folks in Sweden to join with us here at Isaac Brock.
Update: Blaze asked me to upload this letter from the Canadian Bankers Association to the United States (pdf) – Petros
Schubert and I wrote to Canadian Bankers Association two weeks ago concerning FATCA. We had a reply on Friday. CBA provided a copy of a comprehensive submission they made to IRS and Department of Treasury. They covered many of the issues we raised, but did not mention Canadian Charter of Rights and Freedoms:
Blimey! IRS Computers Dun British Lord for $13 Million
The IRS are even after British Lords. But it looks like the IRS will just have to throw its moneyed, titled catch (and his millions) back. Russell states in a lawsuit filed last month in the U.S. Tax Court that he “is not and never has been a U.S. citizen or resident alien subject to U.S. income tax.”
Lucky Lord Russell–He can afford a lawsuit. I don’t know if his American wife is compliant.
(Someone else posted this Forbes article elsewhere, but I thought this deserved its own thread.)
We haven’t heard from Steven for a couple of days. I hope Jack and Jill haven’t turned Steven into Humpty Dumty.
Maybe Canadian border officials detained Steven at the Peace Bridge as he tried to sneak into Canada disguised as the Big Bad Wolf on his way to help Little Red Riding Hood’s Grandma (the one Ambassador Jacobsen insisted the IRS wasn’t after!).
As those of you who have seen The War of 2012 know, The Movie ends with signing of a New Declaration of Independence in front of the American Embassy in Ottawa on July 4, 2012.
The now famous Jack and Jill want to help others facing tyranny of IRS. Using their wealth, Jack and Jill fund and produce the movie: War of 2012. Because Canadian cast and crew vow to never return to United States, War of 2012 films entirely in Canada, pumping money into Canadian economy.
Jack and Jill donate all proceeds to Isaac Brock Society.
Petros asked me put my post from another thread in a new post. Here it is:
I received a letter today from Bob Rae, Interim Leader of the Liberal Party (although letterhead says Liberal Leader—no reference to Interim. Hmmm).
On another thread last weekend, somerfugl and I agreed to to work together to consult a Canadian lawyer to determine if FATCA violate Canadian Charter of Rights and Freedoms and the Canadian Human Rights Code. Amazingly, somerfugl and I discovered we live in the same city.
Petros asked me to put this these quotes I posted elsewhere as an independent thread.
These quotes from various US Presidents show how the relationship between Canada and US has evolved.
Today’s IRS has completely lost the “nine parts good will and common sense” Harry Truman spoke about or Ronald Reagan’s “spirit of cooperation.” It seems IRS still harbors the attitude of John Adams (“Canada must be ours. Quebec must be taken.”) and Thomas Jefferson (“The acquisition of Canada this year, as far as the neighborhood of Quebec will be a mere matter of marching.”
