Media and Blog Articles Open for Comments – Part 5 of 11 (Year 2018)
You can access all years at this link: Media and Blog Articles – Links for All Years
If clicking on a link brings you to the wrong page in the comment stream, click here to get to the most recent comments.
Media and Blog Articles
EmBee suggested that it would be good if there was a thread for new articles, so that people would be aware of where to comment. So, I created this permanent page. I’ll make a permanent list of links posted here and keep adding to it, but not deleting, so we’ll end up having sort of a “bibliography” of FATCA/CBT articles. [Note: Some articles are not open for comments]
For more articles on FATCA, enter FATCA into Google then click on the link “more news for fatca” just below the most recent featured article.
Notes:
From JC: To see #FATCA on Twitter for latest breaking news. JC finds that is quite a good source and there even are some international articles that one may read using Google Translate. Others may help certain tweets and articles remain in elevated position by retweeting them.
From Badger: On an important archival note, please use the Internet Archive Wayback machine https://archive.org/web/ (see bottom right ‘Save Page Now’ box to enter URLs of webpages you want saved for posterity, and try to save backup copies of articles and other items of interest in some other form – such as a datastick or external drive. Some important and very significant webpages and the fulltexts of articles are no longer available (although some can be retrieved if someone using the Wayback machine saved them).
Be sure to read the comment stream for this thread — there are usually very recent articles mentioned
2018.12.23
New bill could lessen tax woes for Canadian residents with US citizenship: but the outlook is bleak for thousands grappling with Trump’s repatriation tax, Elizabeth Thompson, CBC News, Canada.
2018.12.21
Tax Fairness for Americans Abroad Act of 2018! Let’s Get This Passed! Anthony Parent, John Richardson, Keith Redmond, IRS Medic. US.
TTFI bill introduced today, great news for Americans living in Canada, Reddit Forum.
FATCA: Significant Relief in New Proposed Regulations, Jeremy Naylor, Amanda H. Nussbaum and Martin T. Hamilton, Mondaq.
2018.12.20
Tax Fairness for Americans Abroad Act, Democrats Abroad.
2018.12.19
TCJA and US Expats, Karen Alpert, Fix the Tax Treaty, Australia.
2018.12.18
Why Banks Have Become Judge, Jury & Prosecutor and will Shut you Down Judged Guilty for Nothing That is Actually Illegal, Patriot Rising.
20`18.12.17
IRS Issues Proposed FATCA Regulations, Adrienne M. Baker, Joseph A. Riley and Jeff J. Kang, Lexology.
2018.12.13
IRS Issues Proposed Regulations on FATCA, Other Reporting Conditions, ABA Banking Journal, US.
2018.12.11
How the IRS as Gutted, Paul Kiel and Jesse Eisenger, ProPublica, US.
2018.12.08
December 2018 International Tax Reform Updates- FATCA -GILTI – TTFI, Anthony Parent interviews Keith Redmond and John Richardson, IRS Medic. (video)
2018.12.05
Explaining GILTI – Individual Impact, Karen Alpert, Fix the Tax Treaty, Australia.
2018.12.03
Luxembourg: Exchange Of Information Vs Data Protection: A Brave New World Of Transparency, Antoine Dupuis and Guilles Sturbois, Mondaq.
2018.12.00 (December 2018 edition)
EU parliament versus FATCA, Financier Worldwide.
Newsletter, Purple Expat.
Articles from earlier in 2018 are in the Media and Blog Articles 2018 Archive. Links to previous years’ archives are also at that link.
@ BB
I had a hunch that “jump off a bridge” comment might be yours. Turns out I was right. Obviously your anger WILL keep you from jumping … #NotPayingThis. I certainly don’t understand all the complexities of TT (kudos to Karen and John for their deep understanding of it) and it doesn’t affect me directly but I listen anyway because it affects people I care about. Stay strong!
Thank you for your caring, kind words EmBee. What a ride this has been. I’m grateful to you and others who’ve played such an important role along the way.
I believe my seething sarcasm has carried me through many a crisis relating to this “gift” of US citizenship.
I yearn for the good old days when we all we had to do is spend a few thousand dollars a year to meet the IRS’ expectations. We’ve now entered the twilight zone.
Very informative webinar. Thanks both John and Karen! May the many who need this information find a path to it. Thanks so much to the Brock site for the awareness, expertise and continued commitment of so many provided here.
This US transition tax / confiscation, the US Supreme Court refusal to review the *standing of litigation* (and what that might mean for other country litigations), the link from badger about pensions (http://isaacbrocksociety.ca/media-and-blog-articles-open-for-comment-part-5-of-5/comment-page-21/#comment-8189050) and what I am personally doing to get my family’s issues in better stead for when I am gone give me, as likely others, plenty more to contemplate in the quiet of wee nighttime hours.
Anti-FATCA lawsuit plaintiff vows fight against FATCA ‘will go on’
By: Helen Burggraf | 04 Apr 2018
http://www.internationalinvestment.net/products/tax/anti-fatca-lawsuit-plaintiff-vows-fight-fatca-will-go/
Please RT/Like:
https://twitter.com/JCDoubleTaxed/status/981788847695577090
JC: Great to see Helen is keeping our issue in the press. Nice interview with her, Stephen. It’s not over til it’s over, and it ain’t over!
Hear hear. 🙂
Heitor David Pinto renews his appeal for plaintiffs willing to challenge CBT in US courts.
https://m.facebook.com/groups/334650186701060?view=permalink&id=969358889896850&_ft_=qid.6542431792148904227%3Amf_story_key.969358889896850%3Atop_level_post_id.969358889896850%3Atl_objid.969358889896850%3Asrc.22&refid=18&__tn__=%2C%3B
Stephen, John et al: Is ADCT working with Heitor David Pinto on the anti-CBT lawsuit that plaxy just posted about? Are the two efforts separate or joint? Just curious.
The Taxpayer Advocacy Panel is seeking additional members to represent international taxpayers.
From the website:
TAP offers its members a unique opportunity to participate in the improvement of both the American tax administration system and the organization of the IRS. TAP members make progress on local, pressing tax issues by working directly with the IRS. Members serve as listening posts to their community and provide local input on tax-related issues. TAP members have the unique opportunity to work directly with taxpayers and the IRS to help change the IRS.
TAP is also seeking to include at least one (1) additional member to represent international taxpayers. For these purposes, “international taxpayers” are broadly defined to include U.S. citizens working, living, or doing business abroad or in a U.S. territory.
They want at least one international taxpayer representative. Wouldn’t it be great to stack the panel? I’m considering applying, though unsure I can commit the 200 hours per year of unpaid work they’re asking. Any other potential applicants among us? Applications open until 27 April.
https://improveirs.org/signupalert.aspx
Looks like The Federalist is on board.
http://thefederalist.com/2014/01/27/toxic-citizen-the-misery-of-being-an-american-abroad/
Nail on head:
http://www.internationalinvestment.net/products/comment-the-eu-and-the-new-21st-century-colonialism
The FATCA IGA Model 1 IGAs are a dirty deal that lets America off the hook for its tax haven industry.
CRS is the corresponding dirty deal that lets Europe off the hook for its tax haven industries.
The OECD double tax treaties enable FATCA and CRS.
And the small countries whose economies are almost entirely dependent on access to US and European financial systems, are being systematically stripped of capital under the label “transparency.”
I thought Marco Sewald already filled that single position with TAP.
@BB et al
It sounds like they are asking for one additional international representative.
@Trish
Not according to this article from the IRS posted in Tax Connections yesterday,
“To the extent possible, the TAP includes members from all 50 states, the District of Columbia, and Puerto Rico and one member abroad who represents international taxpayers. Each member is appointed to represent the interests of taxpayers in his or her geographic location as well as taxpayers overall.”…
…”The TAP is seeking members in the following locations: Alaska, California, Hawaii, Kentucky, Massachusetts, Michigan, New Hampshire, New Mexico, North Dakota, New York, Oregon, Pennsylvania, Rhode Island, Texas, Vermont and Wyoming.
The panel is seeking alternates in the following locations: All states mentioned above, but particularly Colorado, Washington, DC, Delaware, Kansas, Ohio, South Dakota, Virginia and Washington.”…
I can confirm with Marco.
Here’s the link to the above article:
https://www.taxconnections.com/taxblog/join-the-taxpayer-advocacy-panel-and-help-improve-the-irs/
Current TAP members;
https://improveirs.org/tap-members/
includes 1 ‘international’ rep.
Sewald Marco Nidderau International Special Projects
RE the international rep on the TAP panel. Nidderau is in Germany.
I believe Shelby Lyon of ACA immediately preceded Marco as international rep. Perhaps that’s where the NTA got the harebrained Same Country Exemption idea for FATCA.
Re current international TAP rep. I think this may be the author below. If so, understands the situation from an EU perspective.
See;
Accidental U.S. Taxpayers Residing Abroad: Choosing between U.S. Citizenship or Keeping Their Local Investment Accounts
Conference Paper (PDF Available) · April 2017
DOI: 10.13140/RG.2.2.10049.15204
Conference: Conference: 19th International Conference on Banking, Accounting and Finance on April, 24-25, 2017 at London, United Kingdom, At London, Volume: 4
and,
Surge in U. S. Citizens Expatriation: Testing StructualEquation Modeling to Explain the Underlying Policy Rational
Conference Paper (PDF Available) · May 2017
DOI: 10.13140/RG.2.2.36814.05441
Conference: Conference: 19th International Conference on Law, Regulations and Public Policy on May, 21-22, 2017 at Berlin, Germany, At Berlin, Volume: 4
Yes, that’s him. Bright guy and very approachable. He’s on FB.
@BB, there is apparently an ‘International subcommittee’, but how did that work with only one international rep? I think there has only been an ‘international’ rep for about 2 or maybe 3 years? How is it that the TAP can make decisions on taxpayer priorities with only 1 international rep? And don’t get me started about how they only do outreach and events within the US while the IRS demands compliance from the rest of the globe. I did once (or twice?) submit a SAMS to the TAS on those issues, but didn’t get any response.
Maybe that is a good one for those interested to flood the TAS SAMS https://www.irs.gov/advocate/systemic-advocacy-management-system-sams with. Definitely qualifies as a SYSTEMIC issue that affects large numbers of taxpayers eh? Only everyone living around the globe outside the US that the US defines extraterritorially as a UStaxableperson.
Anyone interested can see some of the ‘Special projects’ minutes, https://improveirs.org/special-projects-committee/ some of which mention ‘international’ items. Ex. most recent posted is https://improveirs.org/special-projects-committee/ . I didn’t investigate the minutes of the other committees.
Why doesn’t the TAS and TAP hold a meeting in Canada? After all, we’re just a short drive over the border from the US. Closer than Puerto Rico – where the TAS International phone line is. And as they very well know, HOME to the second largest population of those deemed UStaxablecitizens outside the US other than Mexico.
Please help me to bring highlight that the AU-US Tax Treaty is flawed, has been neglected, and needs fixing.
Please retweet and like on Twitter.
This tweet and meme focuses on the question – is Australia he 51st State – as that is the only way an Australian resident may simultaneously be an actual resident of the U.S.
I am responding to a 46 address twitter string. The addresses cover the spectrum of Australian politics, think tanks, press, and US person and Australian related entities. There are also two Congressmen who are on the Australia caucus in Congress.
https://twitter.com/JCDoubleTaxed/status/983843354961108992
Yes, there is currently one international rep on the TAP. But the IRS site clearly says they are seeking more than one international representative. Doesn’t that convince you? Anyone thinking of applying?
“Perhaps that’s where the NTA got the harebrained Same Country Exemption idea for FATCA.”
It’s kind of unavoidable, isn’t it?
Whatever changes the US makes to its tax laws (if any), US citizens will have to choose whether they want to be treated by the US as US tax-residents.
Presumably, the residence-country accounts of those opting for US tax residency would continue to be treated as foreign accounts, unless there was a provision to exempt same-country accounts.
Unless the US drops FATCA due diligence altogether in Model 1 countries, which would be ideal from the point of view of US-born individuals but which the US Congress probably can’t do.