…The UN calls on member-states, governments, and peoples to “intensify efforts to fulfill collective responsibility to promote and protect the rights and dignity of all people everywhere.”
…Each year, Human Rights Day is an opportunity for peoples, civic and nongovernment organizations around the globe to call for the full enjoyment of human rights by everyone. Activities this year highlight the achievements of past two decades in improving global human rights conditions, particularly in economic, social, cultural, civil, political, peace and security, business, environment, and developmental spheres and in protection of women, children, the elderly, persons with disabilities, migrants, and indigenous peoples.
Thursday, December 5, 2013
Call for US Citizenship-based tax/FATCA stories
If you are in the Montreal area and would like to speak to the media about your experience as a Canadian who is or was affected by US citizenship-based taxation, whether or not you are or could be impacted by FATCA, and whether you wish to speak anonymously or not, could you please get in touch with me either in the comments to this post (moderated, so just indicate if you do not wish publication) or through my contact info, http://www.mcgill.ca/law/about/profs/christians-allison?
I am posting this information highlighted in comments by Edelweiss and Innocente.
@Edelweiss: Excellent news. Each delay is another nail in the FATCA coffin. Bloomberg, AP and other news wires need to pick up this story.
The actual request letter: Request for Additional Extension of The FATCA Phased Timeline
Reuters says that four bank lobbying groups (the American Bankers Association, the Clearing House Association, the Institute of International Bankers, and the Securities Industry and Financial Markets Association) have asked for a six month delay to the implementation of FATCA. The letter is located here. The primary driver appears to be the fact that the final regulations and forms aren’t available. They are assuming these are available by 31 Dec 2013 which would give the industry just 6 months to finalise implementation when they had stated that 18-24 months were needed. A six month delay would give them 12 months instead of the 18-24.
From Shadow Raider:
Sorry, folks, the big news didn’t come today. The draft only deals with corporations.
However, the end of the summary says:
“The staff discussion draft does not address the international tax rules addressing individuals, whether for U.S. citizens living overseas or foreign nationals moving to the United States. The Chairman’s staff is considering reforms to simplify the rules in this area while appropriately taxing such individuals. Comments are requested regarding the scope and mechanics of reforms in this area.”
“All comments should be submitted to email@example.com. While comments will be accepted at any time, the staff requests comments by January 17, 2014, in order to be able to give them full consideration.”
Sigh. All right, so they haven’t decided what to do about individuals yet. I suppose we should send the same or similar comments as those sent to the Ways and Means Committee earlier this year. This time it’s to the Senate Finance Committee. I’m planning to send them my latest suggestions, with perhaps some updates.
I know this is frustrating, but at least they mentioned the topic and are looking for detailed ideas.
I think this news should be in a new thread.
“Mark Twain” has provided information for the interesting material in this post.
Roger Villere: As Chairman of LAGOP I agree we need to introduce a RNC resolution during our winter meeting to address this ! I will be looking to make this resolution on behalf of the 7.5 million Americans living overseas.
Related comment on Republicans Overseas Facebook page:
From badger’s comment, which deserves its own post:
For further incontrovertible evidence of the stunning hypocrisy of the US Treasury and IRS re FATCA vs. the well known homegrown and entrenched US domestic tax havens like VP Biden’s home state of Delaware, see;
Jack Townsend’s blog http://federaltaxcrimes.blogspot.ca/2013/11/nyt-op-ed-on-delaware-wyoming-nevada-as.html
Saturday, November 2, 2013
NYT Op-Ed on Delaware, Wyoming & Nevada as Haven for Criminal Activity (11/2/13)
“John A. Cassara, a former IRS CI agent, wrote this op-ed http://www.nytimes.com/2013/11/02/opinion/delaware-den-of-thieves.html?hp&rref=opinion&_r=0 in the New York Times: Delaware, Den of Thieves? (NYT 11/1/13)…….”
Says the author of Delaware, Den of Thieves?:
This is the interview we’ve been waiting for and I am providing this new post as I want it to be visible enough for everyone to access.
The link above is to a petition to the Canadian Government, as requested by Liberal MP Ted Tsu. 25 original signatures are needed. The formulation of this, more work from Lynne Swanson (Blaze) and review by others, sent to Mr. Hsu’s office by Atticus and put into pdf format by Schubert. It is now ready to roll:
PRINT PETITION PAGE — Petition to Canadian Government FATCA
SIGN THE PETITION
Note: SIGN, do not print your name
You must include your full address (printed) including postal code.
Only “hard” copies with original signatures are accepted; do not submit electronically, do not scan, etc.
THEN, GET AS MANY OTHER SIGNATURES AS YOU CAN (limit of four (4) ORIGINAL signatures to a page. Each page must be printed exactly as the link and signature spaces provided; for additional signatures complete new page, etc.)
SEND SIGNED PETITION PAGE(S) to MP Ted Hsu directly:
The Honourable Ted Hsu
House of Commons
Note: Sending Mail to a Member of Parliament
Mail may be sent postage-free to any Member of Parliament at the House of Commons address above.
Thanks for your participation and help!
IRSCompliantForever brings to our attention another compliance industry learning opportunity — and an opportunity to protest FATCA.
Will there also be a few “No to Canadian banks imposing FATCA” signs for a Toronto mini-protest on November 13 and 14 outside the Metro Convention Centre?
At the the “Canadian Institute’s 19th Annual REGULATORY COMPLIANCE for Financial Institutions,”
“Hear from ALL 5 Big Banks in Canada and more!
I just received the following email in response to my thank you to Mr. Ted Hsu, Liberal MP for asking Question 121 in the Canadian Parliament on October 25, 2013: Question 121 re FATCA, October 25, 2013:
Thank you for your email regarding FATCA. We are awaiting an answer to Mr. Hsu’s Order Paper question, which the government must provide within 45 days. I have passed your message on to Mr. Hsu, who has asked me to respond on his behalf.