Liberty and justice for all United States persons abroad

The Isaac Brock Society

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.

Articles from earlier in 2015 are at this link

 Articles from 2014 are at this link

Media and Blog Articles Open for Comment thread, Part 1 of 2, is at this link

Media and Blog Articles Open for Comment thread, Part 3 of 3, is at this link

1,837 thoughts on “Media and Blog Articles – part 2 of 11 (Year 2015)”

  2. Calgary: Does Mr. Galati know about our own court challenge and the reasons for it? If he doesn’t, I’m sure he would be interested.

    I was very interested to hear that Amnesty International has *already* come out with an opinion about Bill C-24. Hmmm. Gets me thinking!

  3. Yes, Roco Galati does know of our litigation, MuzzledNoMore. And, yes, very interesting that Amnesty International has already weighed in, as they should, on C-24.

  5. JC Double Taxed ‏@JCDoubleTaxed · 48m48 minutes ago
    @MichaelDeSombre Please explain why FATCALegalAction website is down. I used to blog the site address. Now may remove from blogs.

  7. @Yang yang: Interesting article. But legally speaking that headline should say at least 5%. In addition to the 3% of Homelanders who are “accredited investors”, the restrictions on offering securities to US Persons don’t apply to the 2% or so of Americans resident outside of the US. The Regulation S definition of “US Person” only includes US residents, not non-resident citizens.

    Which points to a very real problem: these restrictions are spreading to Americans outside of the US anyway. Homelanders can’t imagine a US citizen not living in the US and think their laws should apply to us the same as to US residents, wherever we go. Meanwhile, non-US accountants/VCs/brokers/etc. don’t know the difference between the IRS definition of “US Person” (US residents and non-resident citizens) and the SEC definition, and some take the risk-averse course of telling anyone with a US connection to go fly a kite because they don’t want to risk screwing up and facing absurd fines.

  8. @Eric, “between the IRS definition of “US Person” (US residents and non-resident citizens) and the SEC definition, and some take the risk-averse course of telling anyone with a US connection to go fly a kite because they don’t want to risk screwing up and facing absurd fines.”

    I relinquished and have documents as in letters to me personally from the USG that I relinquished and was not a US Citizen. I do not have a CLN.

    I have unique skill sets that are of value.

    I have turned down becoming minority partner of several startups in the EU because of place of birth.

    The reason cited was fear of US regulations.

    I then offerred to get a CLN but was simply advised that the accountants and lawyers advised they should simply walk away from bringing me on board.

  9. @ JC,

    Thanks for the link to the University of Nevada, Reno, survey on FACTA Survey of American Taxpayers Living Abroad!
    I added it to the Current Surveys You Can Take page, which is accessible under “Take Action” in the sidebar.

  14. http://www.unr.edu/nevada-today/news/2015/college-of-business-research-surveyNevada Today News “Research project seeks views of citizens abroad on tax laws
    Recently enacted tax laws for ex-pat Americans are topic of new survey; results to inform research effort.”
    6/17/2015 – By: Kathie Taylor
    University Main Logo
    “Three College of Business faculty members have developed a research project to study the effects of the Foreign Account Tax Compliance Act on American citizens living abroad. The project is being conducted in collaboration with the American Citizens Abroad Global Foundation, a nonprofit organization that supports education and research on issues affecting Americans abroad. ……”………..

  17. @Yang yang. Where do you live? UK?

    I commented there. Recommendations welcome. @WhiteKat I tried to recommend my own post but not allowed under the FT format.

  19. I like Rand Paul. He doesn’t seem to be a hypocrite. And what about him saying “we are chasing away american business.” Yup- the rules are chasing away american businesses and keeping the money abroad in addition. How dumb does a tax law have to be to make something like this happen?

  21. @Bubblebustin
    I`m no mathematician or economist- but it seems to me he is saying that if everybody has to pay 14%, then enough will be made for the government, and all the gaming of the system with all the loopholes which keeps the wealthy from paying THEIR FAIR SHARE will be eliminated, and that will make all the difference.
    Wouldn’t it be amazing if his math works?

  23. @Bubblebustin
    IMHO- if you have one building harbouring 200000 nameless business entities and get those to pay their taxes- then maybe his plan would work. I keep saying it: tax those people hiding their money IN Delaware!!!!! But hell no- they have to go after some little guy expat and punish them with draconic penalties to fund their streets and railways ( which expats will probably never use either).

  25. Upticking my comment welcome. @WhiteCat I only can uptick myself once!

    JC Double Taxed ‏@JCDoubleTaxed · 5m5 minutes ago
    “US Should STOP Discriminating Against US Persons Overseas @SenateFinance #FATCA #CBT #FBAR @TPPatriots @DemsAbroad
    http://disq.us/8nr0ap

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