We’ll be getting together for lunch Saturday, 18 November, at 2:00 pm at Montana’s BBQ Restaurant, 1750 Ogilvie Road, Ottawa. Plenty of free parking on site, also accessible by city bus.
We’re currently expecting 10 people — hope you can come, too! Please rsvp by posting a comment here or e-mail me at pacifica at isaacbrocksociety dot ca
Coming from Montréal? A Montréal Brocker would appreciate a ride. I can put you in touch by e-mail
Thanks to JC for finding this information and for the text of this post, which he posted as a comment on the Media thread this evening:
Hatch Calls for Feedback on Tax Reform
The Senate Finance Committee is yet again asking the general public to send comments on tax reform. The deadline is July 17, and the email address is taxreform2017@finance.senate.gov.
https://www.finance.senate.gov/chairmans-news/hatch-calls-for-feedback-on-tax-reform
Maybe I’ll just dust off my previous submissions to the Senate Finance Committee and House Ways and Means Committee. Maybe ADCS should send them the fine multipart/multimedia submission sent previously to the Senate Finance Committee international work group on tax reform.
They claim that these submissions will be private. I don’t mind to have a submission placed on a website somewhere.
They don’t have a specific category that fits our case. #4 talks about international and competitiveness yet also has the words “preserve our tax base.”
I don’t see a “simplification” category, or a “fairer” category.
If we send submissions in perhaps they will be categorized under the 4 categories provided. Instead of getting drowned out in the individual person tax category, as I imagine there will be a vast majority from Homelanders in this category, maybe best to angle it as international, category #4.
Already a month has passed since this request. The 17th is this coming Monday.
Perhaps this call for submissions has not been broadcast widely. That would mean something less than a mountain of submissions, so more opportunity to impact.
Senator Rand Paul and Congressman Mark Meadows sent a letter this week to US Treasury Secretary Mnuchin and Director of White House Management and Budget Office Mulvaney.
Co-Leader of the Campaign to Repeal FATCA, Nigel Green, comments that:
“Mark Meadows and Rand Paul Letter to White House and Treasury Urging Executive Action to Nullify FATCA Is a ‘Landmark Moment’ and that “The Foreign Account Tax Compliance Act “has only rolled on because of legally unauthorized ‘intergovernmental agreements,’” so cancelling them would “doom this terrible, toxic law.”
The full text of Mr. Green’s commentary are at PressWire and at ValueWalk.
Barbara posted the following, which she found posted by Heitor David Pinto on the American Expats FB site, as a comment on the general Lobby the New US Government thread. I’m creating a new post for this as it’s particularly important to contact the House Ways and Means Committee right away!
“Congressman George Holding (R-NC13), member of the Ways and Means Committee, supports residence-based taxation and is trying to include it within the upcoming tax reform. Other members of the committee also agree with the idea in general, but are just not motivated to spend the time to study the subject and write a bill. I received this information from the congressman’s assistant.
It would be helpful if many people contacted the other members of the committee to show them the importance of the subject. I suggest giving personal examples of the problems and mentioning the solution (residence-based taxation). I know that many of you have already done this multiple times, but now there is someone supportive within the committee, apparently for the first time ever. For efficiency, I recommend contacting directly the assistants specifically assigned to taxes. The link below is a list with their names and email addresses (it will change slightly later this month). Thank you for your help
Contact list here as Google spreadsheet:
Current Finance Committee and Ways & Means Committee contact list “
We’ll be getting together for lunch Saturday, 12 November, at 2:00 pm at Montana’s BBQ Restaurant, 1750 Ogilvie Road, Ottawa. Plenty of free parking on site, also accessible by city bus.
We’re currently expecting 10 people — hope you can come, too! Please rsvp by posting a comment here or e-mail me at pacifica at isaacbrocksociety dot ca
Karen is organising a group to take anti-FATCA/CBT action in Australia and has launched the website Let’s Fix the Australia US Tax Treaty!
The mission of Let’s Fix the Australia/US Tax Treaty! is to press for amendments to the Australia/US Tax Treaty and the FATCA IGA to eliminate discrimination against a subclass of Australian citizens that is also disadvantageous to all Australians. We plan to gather the voices of those impacted, including Australian-only family members, and highlight the obligation of the Australian Government to defend its sovereignty and protect Australians against US extraterritorial law.
The purpose of Let’s Fix the Australia/US Tax Treaty! is twofold:
First, to encourage affected Australians to write to their elected representatives to lobby for change on the Australian side of this equation. Australia has signed two agreements with the US that allow this to continue: the Double Tax Agreement (Tax Treaty) and the FATCA IGA. The Tax Treaty was last amended in 2001 and does not provide for US recognition of the tax-advantaged status of superannuation. There are other portions of the treaty that guarantee the double taxation of dual citizens resident in Australia. Our Australian government must put pressure on the US to come to the table an re-negotiate the Tax Treaty.
Second, to serve as an educational resource for both the affected dual citizens trying to understand how the Tax Treaty affects them AND to help educate our elected representatives on the problems caused by Australia’s capitulation to one-sided US demands.
The Australians have been very active and this is a great new development.
Regarding this new website, JC commented on another thread:
In Australia we are out to make some “noise.” On the Day Roy Berg presents to the Tax Institute of Australia seminar on superannuation, on US taxation and Australian Superannuation, a new website aimed at the injustices has been launched:
Best wishes for making lots of “noise” and effecting much needed change!
There’s a lot of hurry-up-and-wait in litigation. The legal team does work (a lot!) during the less visible periods of a case, but there’s not much news at such times. We’re in one of those periods now. So, thanks very much, Ginny, for this comment that you made last night (and thanks to Canoe for suggesting we make a separate post of it):
“Hello friends and supporters. I am just popping in again, while you carry on with your discussions about whomever will end up POTUS at the end of the day or whatever topics get your blood pressure pumped, to remind you that:
The Three Amigo Plaintiffs and the diligent ADCS committee members are still working every day in the background on (y)our litigation. We have never lost our focus nor have our great lawyers.
For those of you who are still keeping the faith with us, thank you. Because during these months leading up to the upcoming US election, we are concentrating on what needs to be done at our end to get it done here in Canada!
We appreciate how patient you have been waiting for updates while we press on preparing on your behalf. Don’t ever think we have forgotten you because you are our motivation and raison d’être.
Now back to your regular channel.
As always, best to you all.”
Ginny
We’ll be getting together for lunch Saturday, 23 July, at 1:00 pm at Dunn’s Delicatessen, 220 Elgin Street (South of Laurier, North of Somerset. Street parking, free on Saturdays), Ottawa.
We’re currently expecting 7 people – hope you can come too! Please rsvp by posting a comment here or e-mail me at pacifica at isaacbrocksociety dot ca
Dealing with Australian Superannuation has come up frequently at Brock, sometimes on the FATCA and Australia page and sometimes on various other threads.
JakDac suggested we have a post for this specific topic, so people can post helpful information (or ask questions) on Superannuation in one location, so people won’t have to search throughout the site.
We’re kicking it off with a text by JakDac, who asks that you remember these are suggestions, unless verified.
Typical investments — the kind the average person makes in planning for a sound financial future — can be rendered pointless or even have disastrous financial consequences due to US taxation of US Persons on income they make in their home country as well as siphoning non-US income out of that country and into the US.
This paper provides concise information on how tax-deferred accounts, mutual funds, and capital gains on the sale of one’s home result in taxes owed to the US. Useful to whip out if anybody tries to tell you that US extraterritorital taxation is no big deal.
Thanks to LM’s hubby, its author.
