A reader has asked me to post the following letter to Finance Minister Jim Flaherty, a warning about FATCA.
Author Archives: Petros
United States "overcharging" the Russians: Why the United States needs its expats
The State Department enjoys a multi-billion dollar budget. Why then would Hillary Clinton embarrass the United States in front of the Russian Foreign Minister?
Calvin Ayre, Fugitive from United States Justice
Calvin Ayre, Canadian citizen and owner of Bodog, has been indicted by the United States, along with three other Canadians. Is this an example of a big time money launderer? Or is it just another example of U.S. extra-territorial judicial overreach? Meanwhile, check out Ayre’s website, bodog.com.
Not OVDI, says Michael J. Miller, with regard to an offshore account scenario
Tax lawyer Michael J. Miller offers a scenario in a comment: A recent immigrant to the United States, Tom, had an offshore account with $1,000,000–the best manner to going forward is not OVDI!
Supreme court Decisions on Loss of Nationality: Appendix B of State Department Foreign Affairs Manual
Reader TomOn asked me to post this:
U.S. Department of State Foreign Affairs Manual Volume 7―Consular Affairs (pdf)
Letter from Consulate General July 25, 1980
The following letter was sent to me from Ladybug to be uploaded to Isaac Brock Society.
The IRS is bluffing–Bad faith in the OVDI
The IRS uses the threat of severe FBAR penalties to frighten taxpayers into the Offshore Voluntary Disclosure initiatives (OVDI). Thanks to a document uncovered by Showdown, we now know that the IRS is bluffing. This is an example of bad faith.
OPT OUT OF YEAR 2012: Jack and Jill opt out and relinquish their US citizenship
Petros has learned that Steven J. Mopsick made one mistake about Jack and Jill: before paying their OVDI fines, they decide to opt out.
The mentality of Mordor : Montreal couple Jack and Jill belong to the UNITED STATES / Jack et Jill, un couple montréalais, appartiennent aux ETATS UNIS
Petros responds to Steven J. Mopsick, 30-year IRS veteran latest comment, that some Canadians have probably found that the Overseas Voluntary Disclosure Initiative penalty of 27.5% is actually quite a good deal, since these Canadians are tax cheats and frauds. UPDATE: Steven J. Mopsick responds with a Jack and Jill scenario of a wealthy montréalais couple with a Swiss Bank account.
United States Consulate in Vancouver: Procedures for Renunciation of Citizenship
A reader sent me the Outline of the Process for renunciation at the US Consulate in Vancouver.
Also a reader made the following comment at my post, My April 7 visit to the US consulate:
