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. Good to know ACA is on the job

    Thank you for this Jak. We know Tiffany and have regular contact with her.

    Best,

    Marylouise Serrato
    ACA Executive Director

  7. Re: mortgagebusiness. This is a first, someone went through and edited my comment and removed the links to ADCS and IBS but kept link to fatcalegalaction.com.

    I have one in moderation on accountantsdaily. Sometimes they automatically do this if you have any web links.

    I have e-mailed and Tweeted the author.

  11. From Twitter, as reported on the American Expatriates Facebook group. Your chance for stardom (and maybe a good chance to spread the word):

    From Sophia Yan at CNN Money: Are you an American small biz owner living abroad w/ crazy US tax filings? Email sophia.yan@cnn.com & you could be @CNNMoney! ‪#‎FATCA‬ ‪#‎tax‬

  16. If you believe what Churchill said about America, you’ll be encouraged by these latest developments in the “goat roundup”. My comment at the WSJ article,

    “Doesn’t Washington realize how idiotic they look to the rest of the world? Churchill once said “Americans Will Always Do the Right Thing — After Exhausting All the Alternatives”. Exempting some Americans abroad, but not all is not the right thing. As a matter of fact, the lawsuit to repeal FATCA aims to prove that FATCA is in fact unconstitutional. Repealing FATCA and moving to a tax system based on residency like the rest of the world’s country’s citizens enjoy would be the right way to go. But keep going, America – you’ll get it right when you’ve finally exhausted all other options.”

    This in fact may be the beginning of the end.

  17. Lynne – excellent article @ Tax Connections. Bravo for bringing these issues so well to the front lines of the compliance industry.

  19. This morning there was a comment on the WSJ site that said there was a post at IB, would just like to set the record straight…

    · 3:38 am July 30, 2015

    · Anonymous wrote:

    From post on The Isaac Brock Society

    Jonathan Lachowitz earns his income filing 1040′s for USPs in CH. It is in his interest to NOT abolish CBT. Otherwise he’d be out of a job. He’s proposing SCE merely to maintain the status quo for himself.

    If you want to try and set the record straight. I am a small business owner; financial planner and investment advisor working with a lot of Americans overseas. Almost none of my income comes from tax work and certainly none from tax filing. I hired someone recently who worked mostly with low income people on tax filing; she is great…but migrating away from that business….I have probably put in 3-4000 hours in the past decade working for Overseas American issues…including being a key contributor to the Americans Abroad RBT proposal….When I have spoken in Washington on the subject I normally say that I am one of the few people who really understand the issues who don’t actually earn any money from it…In addition to ACA work I spend tons of time prop bono with people who are affected by these issues…mostly students, lower income etc…

    With respect to SCE…this will be a minor step…but personally I have no plans to stop fighting for RBT and other improvements for Overseas Americans….My views and tactics on some things may differ with respect to various groups. ….but the goals are largely the same. SCE is a totally different issue to RBT…I am happy IB is there doing what they are; far too many people complain loudly and naively about the issues…far too few actually try to make changes…keep up the fight!

    There are lots of uninformed comments out there…especially people who half understand what they are reading…not sure where this contributor came to such a conclusion about my work; maybe he or she should read my recent submission to the Senate and other writings….no vested interest for me personally, for my clients and friends overseas as the whole OA community in CBT….good riddance if possible…Also; I don’t get paid by the WSJ, I do this for fun…though it is a great platform to raise the profile of issues affecting overseas Americans…and it gets noticed in D.C.

    Best Wishes,
    Jonathan

  20. http://blogs.wsj.com/expat/2015/07/28/fatca-relief-coming-for-u-s-expats-via-same-country-exception-opinion/tab/comments/?sort_order=desc

    I quote Jackie Bugnion of American Citizens Abroad in her submission to the House Ways and Means Committee on Tax Reform. She said:

    “In 1776, the United States declared independence because the mother country on the other side of the ocean was imposing taxes on the colonies for the benefit of England. Resentment started when Britain tried to enforce the Navigation Act after 1763. Resentment increased with the Stamp Act in 1765, a way for Britain to tax the colonies. The British Tea Act of 1773 led to the Tea Party and we all know the outcome – the American Revolution and independence crying out “no taxation without representation”.

  22. LM – HOOOOOOOOOORAY, My name finally shows up on the Name and Shame list!!!!! Renunciation was in April 2014 and CLN arrived in early September. Does this mean they are totally done with me????? No promises, I’m sure, but every little step helps to feel a bit more done……

  23. Congratulations are in order, LM. So weird how we are all pleased to finally appear on a *Name and Shame* list. You’ve come a very long way.

  25. http://qntra.net/2015/07/cecil-the-lion-is-a-pretext-for-expanding-extraterritoriality-of-us-law/

    It is well known that federal laws in the United States are already so broad that persons physically residing in the United States may be assumed to be a criminal under the law. Further many Federal Statues apply even in the absence of Mens Rea meaning no criminally culpable state of mind, or awareness of the illegality of an action is required for prosecution. Further citizens in the United States wherever they reside thanks to extraterritorial application of laws face daunting challenges which impede them from accessing basic tools of fiat personal finance, at least if they wish to avoid exposure to criminal liability for both their self and their foreign bank. This same mechanism which leads to United States citizens being regulated out of foreign banking products is exactly the fate of jurisdictions like New York and the United Kingdom which believe they can somehow tame Bitcoin and humanity at large with regulation.

    Further it must be noted that even abandoning United States citizenship is not a panacea which can prevent abduction and return to the United States at the whims of any United State’s Attorney’s office as Arthur Budovsky discovered when Preet Bharara was unhappy with Budovsky’s centralized attempt at creating universal internet money. In spite of the apparent obstacles though an increasing number of United States citizens are choosing to renounce their citizenship not merely out of self interest but out of a need for self preservation.

    As always, when government friendly media organs fan the flames of outrage in unison over a matter as routine as the sport hunting, it is necessary to cautiously search for the angle where pressure is going to be directed in order to expand government power.

    Whatever your opinion on sport hunting, his point about the media looks spot on: the government and the fourth estate fan the flames of outrage about one thing, while their real aim is to do something else. Just like back in 1996 when they all fanned the flames of outrage about ex-citizen Kenneth Dart trying to move back into the US, so that they could pass HIPAA and impose taxes on non-citizen ex-green card holders trying to move out of the US.

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