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.
Well done, BirdPerson, and welcome to this community! We’re glad you’re here!
@Portland
NP
Good for you, Bird Person! I had a similar story. Except I phoned THREE condors in three countries, thinking I was clever in shopping around to compare fees and advice. However, the effect was that I began to smell a rat. The scare mongering was so intense, that in one case it was almost cartoonish. And each tried to scare me in very different ways. A few searches led me to this site, and those condors became history.
Instead of “Citizenship Based Taxation” I will refer to it as “Citizenship Based Double Taxation.” It is a matter of perspective. Also “double taxation” will help counter those who instinctively support the “citizenship” part.
Really there is no objection to the taxation part, as in taxation of persons within the U.S., just objection to the double taxation part.
Citizenship Based Double Taxation, as a name, does not connote the U.S. government tax cheating aspect, as in the U.S. providing $0 in the way of resident services to the 9 million U.S. persons overseas. And as I calculated this is far different than the $113 billion the U.S. should provide USP overseas in resident services in exchange for the tax claim.
Perhaps Double Taxation may be viewed as an evil in itself. Yet there is no indication that the U.S. provides $0 in exchange in the way of resident services, protection of local property and rights.
Maybe Tax Cheating residents of other countries. This gets close to taxation of residents of other countries.
Taxation of Foreign-Source Income of Non-Resident US Persons
It’s not snappy but it describes the purpose.
“Perhaps Double Taxation may be viewed as an evil in itself. Yet there is no indication that the U.S. provides $0 in exchange in the way of resident services, protection of local property and rights.”
They sort of do, when crediting foreign tax paid.
It’s the top-up tax that results in double taxation. And the taxation of non-existent income (transition tax, exit tax).
https://electoral-vote.com//#item-6
Fascinating take on citizenship. US is alleging many birth certificates are fake and many Mexican Americans are not truly American.
Perhaps this can be also alleged by people who don’t want their US passport or birthplace: Hey! I wasn’t really born there! Take my citizenship away please! Instant renunciation! No word on IRS repercussions or FATCA or whether the 2350 USD will be billed.
https://www.washingtonpost.com/world/the_americas/us-is-denying-passports-to-americans-along-the-border-throwing-their-citizenship-into-question/2018/08/29/1d630e84-a0da-11e8-a3dd-2a1991f075d5_story.html?noredirect=on&utm_term=.f8a54643bf58
Original article in WaPo
I will try that approach next time I’m asked. I was born in California. Okay, in a university hospital in the Bay Area, but still, it could’ve been one of those fraudulent midwives…
I’m thinking an anonymous tip that my birth certificate is an obvious fraud. Try to renew my passport. Wink wink, of course I wasn’t born in NY!
To take things a step further, would that work on a bank form?
Don’t you just need a forged Mexican birth certificate?
I so very much wish I could simply gift my unwanted US citizenship to a ‘Dreamer’ or some immigrant in the USA.
People will just avoid renewing their passports, won’t they? An administrative wall keeping people in.
Fred (B): Even though the Washington Post article is kind of the reverse of what concerns most of us here, it made my blood boil like almost nothing else in recent weeks. It’s another example of America attacking its own people out of fear and suspicion, to hell with the only evidence (a bonafide, government-issued Texas birth certificate) that exists. In effect, Trump and his government have just deeded a whole strip of American land along the southern border — to Mexico! If you can’t get born within 5 miles of the Mexican border without having your US citizenship revoked I guess those 5 miles ain’t American! GAWD, will the idiocy never stop!
@MuzzledNoMore,
In your haste to say Trump you missed the fact that this has been policy since Bush.
Muzzled : you are right of course. It’s abominable. I chose to look at it lightheartedly from our angle but in truth it’s horrifying. Keeping people out is one thing. This is a whole other ballgame. Been reading fascinating stuff on Stephen Miller. Architect of Trumpian immigration policy. And Neill: yes this stuff is being enabled by Trump. Even if Obama already had a hard stance. They are being much tougher now. (https://www.politico.com/story/2018/08/29/stephen-miller-immigration-policy-white-house-trump-799199).
Yet, a law that is at least 10 years old has been in enforcement for a decade and little comment given until an outsider is in office. Sounds much like the family seperation policy. A law over 20 years old cause no public concern or outcry for twenty years and then BLAMO!, all of a sudden it’s all we hear about for a while.
Regardless of one’s political beliefs, it is unwise to constantly find ways to criticize someone whose help is sought. If I were a homelander and stumbled across this sight, after reading some of the comments here I would not be moved to help in any way.
US citizens should be afraid to voice dissent? Lest their government punish them for doing so?
Is that where you think America is heading?
We’ve been there for a while already, but that is not the same as I am talking about.
If you want a day off from work, you should not call the boss bad names. Same at play here.
The USG is not your boss; a change of US tax policy would not be comparable to a tyrannical narcissistic employer granting a browbeaten employee a day off.
This is not a Dickensian Christmas story, unfortunately.
You miss the point entirely. As many of the nations we live in have shown that they are unwilling or unable to stand up to pressure from the US, the only solution for many of us must come from the US. This means we must win the US homelander over to our side. Insulting them is not likely to bring this about.
People shouldn’t be rude about US-resident Americans as if they were all the same? I agree, that’s not helpful to anyone, and may put off some looking for advice and information. That’s not what was happening in the discussion about US immigration policy though. People were expressing criticism of the implementation of the policy, and the hardships being caused. I agree with the criticisms that were expressed. I think it’s deplorable that market economies just about everywhere – not only the US – are coming up against the flip side of predatory globalisation by treating immigration as the cause of their woes rather than the inevitable consequence of their economic policies.
I have homelanders sending me pictures of anti-Trump demonstrations and trying to get me to spread the word abroad that “we are not all like that”. I think America is quite divided and taking a stance on most issues will irritate somebody. Therefore unless one is saying that beer is best served cold, as is ice cream, one risks irritating a large part of the population. As it stands, I’ve only alienated some teetotalers and some lactose intolerant persons, and maybe some who prefer their beer at room temperature.
I think it’s perfectly appropriate to voice opposition to Trumpian/GOP policies (they are the ones in power, after all), all the while hoping they’ll do the right thing on CBT for us.
American lager is best served cold, no disagreement there. Cold takes the taste away. 🙂
Oops…