Media and Blog Articles – part 2 of 11 (Year 2015)
You can access all years at this link: Media and Blog Articles – Links for All Years
If clicking on a comment link brings you to the wrong comment, click here to get on the most recent page of comments.(alternatively, to reach the most recent comment page, go to the url in the bar at the top of your browser and delete everything after http://isaacbrocksociety.ca/media-and-blog-articles-open-for-comments-part-2-of-2 )
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. You could mention such articles in the comment stream for this page, or if I see one on another thread, I can copy the link to here. I’ll keep adding to the list, but not deleting, so we’ll end up having sort of a “bibliography” too. [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.
Note also: JC suggests 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.
Be sure to read the comment stream for this thread — there are usually very recent articles mentioned there that are not yet on this list.
2015.01.01
Raising revenue off Caribbean backs, Bruce Zagaris, NationNews, Barbados.
On or about 2016.01.01
16 issues to make 2016 candy for the market, Westfield Times.
2015.12.31
Tax reporting norms: FinMin updates guidance note on compliance, K.R. Srivats, Hindu Business Line, India.
2015.12.30
Top Tax Blogs from 2015, Tax Connections. (Congratulations to John Richardson and Lynne Swanson who placed 2nd and 4th!)
Global dragnet puts pressure on tax evaders as year-end deadlines loom, Jeff Gray, Globe and Mail, Canada.
IRS Employee Whose Job Was Assisting Victims Of Identity Theft Charged in $1 Million Identity Theft Tax Fraud, Paul Caron, TaxProfBlog, US.
How America’s Wealthiest Are Saving Billions Through a Private Tax System, TruthDig.
RA Returns Home, TaxProTalk forum.
2015.12.29
For the Wealthiest, a Private Tax System That Saves Them Billions, Noam Scheiber and Patricia Cohen, New York Times, US.
IRS Stirs Up New Crisis With Non-Profits Over Social Security Numbers, Eric Pianin, The Fiscal Times.
DNC Must Heed Warning Bells From 2000, Bennet Kelley, Huffington Post, US.
2015.12.28
IRS Creates “International Practice Units” for their IRS Revenue Agents in International Tax Matters, Patrick Martin, Tax-Expatriation, US.
MF investors: Les than a4th comply with US tax law, Jayshree P. Upadhyay & Ashley Coutinho, Business Standard, India.
IRS service should improve after some saw their ‘worst tax season,” advocate says, Robert Schroeder, MarketWatch, US.
I have closed the original Media and Blog Articles thread — due to its length, it was getting unwieldy — and opened this new thread Media and Blog Articles Open for Comments (Part 2 of 2).
If you commented on the original thread in the last day or so and would like your comment to appear on this new thread, please feel free to repost it here.
New survey finds US expat voting could impact 2016 Presidential Election
http://globenewswire.com/news-release/2015/05/26/739115/10135930/en/New-survey-finds-US-expat-voting-could-impact-2016-Presidential-Election.html
The above was a survey by Greenback Expat Tax Services, that I blasted on Twitter for sales dressed up as survey. Nonetheless, it has interesting results. The title is a good message.
@JC
OH MAN. That article needs to go mainstream. That could get the politicians to take expats seriously for the first time.
IRS says thieves stole tax info from 100,000
http://www.usatoday.com/story/money/personalfinance/2015/05/26/irs-breach/27975205/
@TOm
What will the hackers do with this information?
@Polly
Spend a crap load of money within hrs… family member had wallet stolen… they opened all new credit cards & a bunch of other things… they bought a car & got into a accident… when your stuff is stolen… u need to make a police report… they treated my family member as the thief trying to run a scam instead of being a victim… once they have the basic info… they can build a new life without u knowing it… u will only know when the debts come pouring in… and they maybe able to access your accounts & empty them… Five yrs later… family member is still having problems… having your id stolen can ruin your life… u have to prove u are not the person doing the spending… I had my credit card number stolen.. didn’t notice until my statement arrived… the credit card was in my wallet… that is why I tell everyone.. check your statements carefully… even if a small amount is stolen… close the account… they are testing the number for bigger things
@USforeignperson
Yeah- thats a stolen credit card. But what can they do with account info on a tax return? That is basically my question. Call and demand a refund that belongs to somebody else?
A friend in Germany got a call form her bank. They asked her if she was betting online. They deemed it “unusual spending behaviour” for her and so the fraud was caught. The thief had taken her credit card info online. I never do online banking for example. i have a limited credit card which I use for buying things online. Very limited. Any purchases above the limit will not be honoured. There is also insurance here for stolen money – I think up to 2000$ but am not sure. This is why I dont really know what they can do with the information they get from the IRS – but then, I`m not sure if I know what all that info entails?
It is too horrific to imagine, I guess.
Maybe someone from IBS would like to bring the Greenback survey to the attention of PEW. They could conduct a more credible survey:
We welcome your advice and participation in our efforts to improve the elections process for military and overseas voters—and for all Americans. For more information on Pew’s Election Initiatives, please visit http://www.pewcenteronthestates.org
or contact:
David Becker
Director, Election Initiatives Pew Center on the States 901 E Street NW, 10th Floor Washington, DC 20004 202-552-2136 DBecker@pewtrusts.org
Yeah, but it’s another problem with FATCA. Banks have to handle info which increases risk of internal theft, then hand it to “their” government which again risks theft, then it goes to IRS and more risk. Ain’t nobody’s business how much you have in the bank.
@Polly
Basically the info from an income tax… your whole life info is there… full legal name…. birth date… address…. email address… social insurance/security number… its all there for them to help themselves… Call me old fashion… I never do internet banking… I am also not comfortable with paying bills online either but sometimes u have no choice… I have never taken an advance on a credit card either… lots of things that people do now a days… I don’t do… some countries use mainly debit card… tap & pay… I don’t care for that also… I feel like I am not in control… yes.. I have ocd with control issues…
@ US_Foreign_Person
All those things you don’t do … me either! I have a very low limit credit card (emergency use only) but I think I’ve only used it three times in my life. (It’s amazing that they let me renew it because I’m such an unprofitable customer.) I am so yesterday but I don’t care. I never thought of it as being OCD, just a deep-seated desire for the privacy that anonymity provides. I hand deliver cheques when possible (town utilities, local merchants, etc.), mail the cheques when there’s no choice and pay with cash for practically everything. This is why I’m so worried about the latest rumblings (getting stronger everyday) about a push for a cashless society.
following
OCD here too.
http://www.nytimes.com/2015/05/27/business/breach-exposes-irs-tax-returns.html?hp&action=click&pgtype=Homepage&module=first-column-region®ion=top-news&WT.nav=top-news&_r=0
“Dealing with fraudulent tax claims has been a challenge for the I.R.S. as online crime has grown more sophisticated in recent years. The agency paid $5.8 billion in falsely claimed refunds in 2013.”
And they want me to file a no-tax-owed return when I’ve been living abroad for 20 years. Eff that.
Constitutional?
http://cnsnews.com/news/article/terence-p-jeffrey/court-slaps-obama-constitution-amnesty-undermines-constitutional
Interesting that we see the same problems play out on the border with banks worried they will be taken to the cleaners by the US if they make a mistake.
http://www.wsj.com/articles/big-banks-shut-border-branches-in-effort-to-avoid-dirty-money
Comments are open if anyone would like to help straighten out the perceptions of Indian citizens as to what FATCA and GATCA are really all about.
http://timesofindia.indiatimes.com/india/India-to-ink-G20-pact-will-get-more-data-on-bank-a/cs/articleshow/47437292.cms
Following
@Neill
Gotta note the way they teach “Best Practices” instead of imposing laws. If the bank adopts policies, the policies are non unconstitutional, but if the government imposes laws requiring it, then the laws might get struck down.
Did anybody post this here before?
http://www.diapiper.com/en/latinamerica/insights/publications/2015/01/potential-roadmap-to-us-tax-reform-hatch/
Following again, still
So can somebody explain to me how the DOJ is going after FIFA? Have they being doing bad things in America?
Allisin Christians’ blog, worth a look….
Presumption against Extraterritoriality: Win for foreign insurers in Validus Reinsurance case
http://taxpol.blogspot.ca/2015/05/presumption-against-extraterritoriality.html
This is interesting. A claim that data is going from the US to India about accounts.
http://www.dnaindia.com/india/report-indian-in-us-your-account-is-now-under-delhi-surveillance-2089858
@Neill, Re: your India article.
Hey USA! Want to get favourable treatment for Americans wanting work in India? Sign an IGA with this in it….
Quote: “Although India gets access only to bank account information of Indian citizens, the US can get access to even information of ‘non-US entities’ operating in India if it has even one American working for them.”
Good luck getting hired in India.