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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)”

  3. @bubblebustin
    Can we have some whistleblowers in America now? Some people who divulge information on secret companies/entities in Delaware and Wyoming?

  4. @Polly

    Canada has a whistleblower, or “Informant Leads Program”, but the tax liability has to be greater than CD$100K to collect a reward, and the CRA has to be able to collect it. Any less than $100K you do only for the satisfaction of knowing that you’ve helped everyone pay their “fair share”.

    $100K:

    If the information provided contributes to the collection of federal tax owing, the award amount will be between 5% and 15%, of the federal tax collected related to the international tax non-compliance (not including interest and penalties). See Payment criteria for more information on how the CRA will determine an informant’s reward percentage.

    http://www.cra-arc.gc.ca/leads/

  5. The next stage in FATCA–preemptive seizures? This newsletter is a lot of scare-mongering to make you buy their “special reports”, yet this article is food for thought. It is not beyond possibility that our local governments might want to defend their economies by confiscating ‘US assets’ before the US government can.

    With the understanding that the U.S. government now seizes the assets of those they charge with a crime (and sometimes with no charge having been made), the government of Honduras undertook their seizure of the Rosenthals’ assets as a preemptive act, after one of the Rosenthals had been arrested in the U.S.
    …
    The Honduran government said in a statement that it conducted the raids and closed the bank because it “wants to prevent the transfer of assets during the investigation.”

    http://www.internationalman.com/articles/get-ready-for-crazy

  8. @Charl
    My discus account isn’t working anymore. But on the WP article- I am astounded that FATCA isn’t mentioned. Now its the big bad OECD. Its NEVER America which initiated this whole mess. I think this is an article setting up America to say no to the OECD when they demand information.

  9. @Bubblebustin:
    Reading between the lines, the Bradley Birkenfeld interview explains why the King of Thailand and other “politically exposed persons” (PEPs) will never be contacted by the IRS, let alone prosecuted, for non-compliance with US tax and FBAR legislation. According to Birkenfeld, the UBS’ US Desk handled accounts of 19,000 US citizens. The deal struck between the US State Department and the Swiss government was to turn over account information on 4,500. No one knows how these 4,500 were selected but Birkenfeld suspects that PEPs were excluded. This suggests that the State Department is protecting certain PEPs and placing relations with other countries above IRS enforcement efforts.

  10. @Polly
    Yes, the WT article starts out with: “Are you aware that the American government has been slowly giving away its power to international bureaucrats to determine how its businesses and citizens are taxed?”

    That’s certainly a new angle. The poor American government, doesn’t it just break your heart?

  11. It’s not a new angle at all — it plays into the exceptionality that the US is the saviour of the rest of the world and *why, do they hate us*. Why should they own responsibility?

  13. Charl, re: “The FATCA Window”, at first glance I saw “The FATCA Widow”…would actually be a good title for an article.

  19. I’m disappointed. Zero Hedge is blurring the lines between Americans fleeing the US because of the burden of supporting domestic social services and long term expatriates renouncing in order to survive.

  20. @Bubblebustin: Unfortunately, it serves both Republicans and Democrats to play up the idea that renunciant=wealthy person.

  21. Great BBC World Service – World Business Report on our plight: “Becoming Ex-American

    http://www.bbc.co.uk/programmes/p037w5c9

    When I heard the response by the W&M spokesperson I wanted to jump into my computer and beat her with a purse full of bricks. Lucky she wasn’t in front of me! Really, I could have had a life well lived without understanding hatred, but here I am, a senior citizen, so utterly frustrated, terrified and enraged I’m left with an uncontrollabe desire to just bloody the perps of this friggin’ mess. (I use to be a very sweet old lady… the “exceptional” ones have actually rendered me insane.)

  22. Charl, great find. It’s hard to listen to without getting really angry for sure. I wish our new PM had an opportunity to listen to it.

  23. On 2nd thought, that would not be a good clip for Justin Trudeau at all. It comes from too much of an American centric viewpoint. JT might have sympathy, but it would be for those ‘unfortunate Americans’, not for the ‘A Canadian is a Canadian is a Canadian’ types – it is critical we consistently portray ourselves as the latter when appealing to our new Liberal government.

  24. There has to be many in the US from India and many in India as USP or Greencard holders. There has not been much press there about the injustices, just FATCA all good for chasing “black” money. This one is a bit different.

    Green card may no longer be a valuable asset for NRIs as Fatca sword hangs over their heads
    By Sachin Dave, ET Bureau | 12 Nov, 2015, 07.00AM IST
    http://economictimes.indiatimes.com/nri/nris-in-news/green-card-may-no-longer-be-a-valuable-asset-for-nris-as-fatca-sword-hangs-over-their-heads/articleshow/49750849.cms

  25. NDP feedback survey: http://www.ndp.ca/election-survey?&utm_medium=email&utm_source=newdemocrats&utm_content=4+-+httpwwwndpcaelectionsurvey&utm_campaign=20151110_EML_SUR_2_AYN_BSD_AM_EN_ALL_ND&source=20151110_EML_SUR_2_AYN_BSD_AM_EN_ALL_ND

    “We want your feedback on this year’s federal election campaign, and the issues you want the NDP to champion over the next four years.”

    There is a list of issues for you to rate the importance of. FATCA is NOT one of them. There is a place to input other issues you wish the NDP to fight for.

    We need to be LOUD and present!!!!

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