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
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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.
***** Deja Vu: this looks like HR 597
https://honda.house.gov/news/press-releases/americans-abroad-caucus-members-maloney-honda-new-commission-needed-to-study
Active today: Maybe this needs an IBS Special
@ Barbara
All of the submissions are still online here:
http://www.finance.senate.gov/newsroom/chairman/release/?id=3b14e94b-69f9-41e2-9fd3-7d191971b7ee
I didn’t download all of the pdf files but I made a list of all the names. I colour coded the submissions as I read them in order to mark the CBT related ones and then I marked the duplications between the Individual Tax Working Group and the International Tax Working Group. You’d be looking at roughly 290 submissions in all.
We can always hope that if there’s enough forces coming from different directions, especially from those who cause irritation, something might actually happen.
@EmBee: Do you still have your color-coded list? If so, can you post it somewhere that I can download it? Would save me some time if I’m going to do the heavy lifting I suckered myself into doing.
@ Barbara
My lists are in rtf documents so maybe I could send those as attachments in an e-mail to calgary411 and then she could forward them to you. With luck the links will open each pdf file for you. Honestly don’t know how that all works. How’s that sound?
@JC
What MORE do they want to study? Its all out there!
@Polly They want to study their own terms of reference such as ease of voting for US persons overseas or getting US citizenship for children overseas. It may be fruitful to try and make them not ignore the International submissions to the Senate Finance Committee – and to incorporate into their study. Also, it may be worthwhile to attack their narrow terms of reference.
@EmBee:
In regard to your proposed method to relay documents, sounds excellent to me!
EmBee,
Does your saved data include the Ways and Means Committee submissions?
EmBee and Barbara,
Note that https://www.facebook.com/ADCSovereignty/posts/1622954037983660 says
@Barbara
From Keith:
Americans Abroad Caucus
Chairs: Rep. Carolyn B. Maloney
Elizabeth Darnall, Legislative Director
202.225.7944, elizabeth.darnall@mail.house.gov
@ calgary411
I have a pdf of every CBT related Ways and Means submission but the SFC submissions are more current and many are from the same people. The ADCS-ADSC (Richardson-Kish) submission of course has a lot of testimonials in it so I’m glad they will be forwarding their entire SFC package.
@ Barbara
I’ve sent my lists to calgary411.
…and I will forward on to you, Barbara. Thanks very much, EmBee and Barbara!
interesting and quick change of heart
http://www.onecitizenspeaking.com/2015/07/another-look-at-fatca-.html
@ Tricia Moon
A very compelling rebuttal by Don in Switzerland. What a sad situation when they had to leave his 91 year old mother-in-law on her own to fend for herself. FATCA victims — all of them.
@Trish
A homelander actually GOT it! Yessss – spread the word!
Wow, Barbara! Thank you for taking up the mission of contacting the Americans Abroad Caucus! I wish I was in a position to help.
And Tricia, thanks for posting the link for that remarkable about-face. If a person who has written rabidly pro-FATCA articles can be impacted by our stories enough to experience such a “conversion” so can everyone else. Very encouraging!
http://www.taxpayeradvocate.irs.gov/reports/fy-2016-objectives-report-to-congress/news-release
http://www.taxpayeradvocate.irs.gov/reports/fy-2016-objectives-report-to-congress/full-report
http://www.taxpayeradvocate.irs.gov/Media/Default/Documents/2016-JRC/Area_of_Focus_4_Implementation_of_FATCA.pdf
National Taxpayer Advocate proposed the IRS and Treasury adopt a “same country exception.” This regulatory change would exclude from FATCA coverage financial accounts held in the country in which a U.S. taxpayer is a bona fide resident.
Appears to be another point of discrimination compared to witholdings for US residents:
The IRS is developing policies and procedures governing the credit or refund to taxpayers of amounts withheld under FATCA on payments to FFIs or similar institutions.
As proposed, taxpayers would be entitled to a credit or refund only if they can document that the withholding agent actually deposited the amount withheld with the IRS.
By contrast, the IRS currently accepts creditor-risk in the case of domestic withholding, such as on employment taxes, and taxpayers need only show that the withholding actually occurred to be entitled to a credit or refund from the IRS.
Income Tax dept warns of action against those disclosing secret tax info
http://businesstoday.intoday.in/story/income-tax-department-warns-of-action-against-those-disclosing-secret-tax-info/1/221839.html
India seems pretty sure they’ll be getting info from the US under FATCA.
@Bubble
I wonder how long nations will tolerate the USG’s “promise” to work on it? What will they do when they finally realize they’ve been punked? (Probably nothing. Why would international leaders ever think to band together against this?) So we will live with CRS and FATCA coexisting, the US allowed to be the only outlier because they are exceptional of course. Unless/until, one day Ms. Merkel, the only world leader in my books that has a “pair”, wakes up.
@Charl
The problem is that everybody needs the dollar. Even Merkel. The reason they have such a good economy is because they export so much to America. They need a viable America because of its consumers, and being paid in dollars, that has to hold water too. It is an intricate web of co-dependencies.
@Charl
That “promise” between the US and other nations reminds me of Monty Python’s “wink-wink, nudge-nudge, say no more” skit, but not funny. Wink-wink, we’ll say it’s about information exchange, but it’s really about the 30% withholding, nudge-nudge.
@ Bubblebustin, really I like that; “…..promise” between the US and other nations reminds me of Monty Python’s “wink-wink, nudge-nudge, say no more…..” characterization @bubblebustin. We used to sometimes posit that the IGA signatories like Canada simply didn’t get that the US never intended, is not authorized to, and will never exchange any of the information that the FATCA IGA terms pretend. Well FATCA was NEVER intended to be “reciprocal” – and “aspirational” “reciprocity” (as Allison Christians has named it) is a stretch.
Lets face it. The US is lying and Canada and all the other signatories are pretending to their taxpayers and citizens that it is not a lie.
That is why I have enjoyed describing it as case of the Emperor’s ‘new’ clothes. Except in this case the US Emperor is an extortionist, an economic molestor of expat minors and those deemed legally incapable, and is holding those outside the US that it extraterritorially claims as lifelong “US taxable” serfs hostage.
Some of the Cons and other governments around the world might have been ignorant and naive enough to believe US promises, but really, by now, it is totally obvious what is really up.
The only conclusion we can draw is that the signatories are invested in pretending that it is not extortion, and have been coerced and finagled into supporting US lies.
I am seeing some discussion of FATCA and the ADCS lawsuit at disparate sites like this one:
http://www.ehmac.ca/everything-else-eh/94672-canadian-political-thread-1516.html
@ badger
I have good reason to say, “Yay for eMacMan!” Your paws must be rubbed raw from the constant digging you do. Nice find!