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

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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.

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)”

  5. Financial Times article about the IMF moving the renmimbi toward reserve currency status is pay walled.

    Try “IMF staff say renminbi should join elite SDR basket of currencies” in Google.

  7. Article not open for comments, but worthy of note for interview with IRS Taxpayer Advocate Nina Olson, and full of comments that either reference “international taxpayers” or apply to them. I’m not endorsing all of her points, but it provides a window into what she may present at the upcoming”first International Conference on Taxpayer Rights on November 18 and 19 in Washington”:

    http://www.taxanalysts.com/www/features.nsf/Features/8993EE14DFC5AF6E85257EF40067339D?OpenDocument

    November 5, 2015
    ‘Tax Analysts Exclusive: Conversations: Nina Olson Stands Up for Taxpayer Rights’
    by William Hoffman
    “The Taxpayer Advocate Service will host its first International Conference on Taxpayer Rights on November 18 and 19 in Washington. Cosponsored by Tax Analysts, the conference will bring together tax administrators, practitioners, and academics from around the world to compare their approaches to taxpayer rights and efficient, effective tax administration.”

    ………………

    …………..”A few years ago, we were able to convince some at the IRS to have a toll-free line for individual international taxpayers. But when it was floated up they didn’t allow it because they said it was too expensive.

    I’m tired of hearing “too expensive.” The example that I gave of not picking up the phone to hear about economic hardship is just multiplied by the international taxpayers.

    The other thing is that at the same time that you’re imposing FATCA and all these other things on international taxpayers, you’re closing your four attachés, the only places where there was help — London, Beijing, I think it was Frankfurt, and Paris.

    At least in those places you had a core group of people from inside the IRS that knew the problems of international taxpayers. Not only could they help the international taxpayers navigate some of these things, but they did outreach and education and worked with embassies to help the U.S. taxpayers in different countries. They could bring information back to the United States and say that these are the challenges that they are facing so we can better address their needs. We’ve cut off that dialogue except for the dialogue that happens between international taxpayers and the Taxpayer Advocate Service.

    I’m still trying to get my offices over there. If the IRS is closing the attachés, is there a way for me to get a local taxpayer advocate over four parts of the world, so that we could at least be in that community and identify their needs?

    We’d work the cases back home, but we’d have somebody that was there, a skeletal staff with someone to advocate for that group of taxpayers. I think that would protect taxpayer rights. “

  8. The IRS and US Treasury demand abject obeisance and surrender from the rest of the NON-US globe.
    And yet this is the picture of what ‘compliant’ taxpayers from INSIDE the US can expect:

    ‘Dear Client, Sorry About All Those IRS Notices – They Clearly Have Their Heads…ummm located someplace it doesn’t belong’
    Posted on November 10, 2015 by Stacie Clifford Kitts

    By Stacie Clifford Kitts

    “If you are interested in developing a lucrative practice with a steady stream of income, you might consider specializing in the resolution of erroneous IRS notices.

    Sadly, over the last few years, many tax practitioners, my firm included, have witnessed a marked increase in the number of erroneous IRS notices received by their clients.

    These notices are usually automatically generated, are lacking in the information necessary to determine the exact issue or issues, and often include a mysterious amount due for taxes, penalties and interest.”……..

    And that adds to the absurd and sorry picture of the dire state of IRS “service” to ‘international taxpayers’ as described by Taxpayer Advocate Olson most recently;
    http://www.taxanalysts.com/www/features.nsf/Features/8993EE14DFC5AF6E85257EF40067339D?OpenDocument

  10. @Barbara,

    I bet the IRS would accept checks for taxes and accrue interest on taxes due during this time though. I always find it funny when when people worry about the government shutting down. It doesn’t really do anything for me except take a lot of my money. Funny thing is that bit of the government never shuts down.

  11. @Barbara
    Thanks for that. That is the problem, isn’t it? If people think that the U.S. government is actually there in times of crisis, then they will support taxation, but the reality isn’t what homelanders think it is. Hollywood has a lot to answer for.

  13. Would our FB Brockers please LIKE and SHARE this very compelling “Letter to Obama” at the “Accidental American Virtual Hunger Strike” site …

    https://www.facebook.com/USAccidental/posts/1503302449966193

    The letter concludes:

    Can you possibly grasp the vulnerable position, because of my place of birth, that I have placed my children in? The only small stroke of luck is that they themselves do not have a US place of birth. I hope to God you never find them.

    As a once proud “Daughter of the Mayflower ” I never thought I could feel this amount of rage and hatred towards my once loved nation. You have come after my children and I will never forgive you.

  14. only one comment so far

    Puncturing 7 Common Myths about U.S. Expat Tax Rules

    http://blogs.wsj.com/expat/2015/11/15/puncturing-7-common-myths-about-u-s-expat-tax-rules/

    What really needs to be “punctured’ is the idea that the U.S. taxes expats exactly the same as if they lived in the US. This article simply outlines US law, with no awareness of the effects. There are only two comments so far. One does not have to use their real name to comment. Please help educate the readers…..

  15. @ Tricia Moon
    Yes, only one comment so far … BUT it’s a very, very good comment by John Richardson! Quality can be as good as quantity. 🙂

  16. Two more comments up for you Tricia:

    4:47 am November 17, 2015
    BC Doc wrote:
    “The U.S. is one of only a handful of nations to tax its citizens on their worldwide income, which makes the tax rules unique for U.S. expats.”

    Is two a handful? Only two countries practice Citizenship Based Taxation, the US and Eritrea. Eritrea was denounced by the UN for its diaspora tax. The US? It imposed FATCA on the rest of the world.

    4:55 am November 17, 2015
    BC Doc wrote:
    Myth #8. The US is a world leader in the tax treatment of ex-patriates.

    Fact: Ex-pats are facing financial misery abroad due to Citizenship Based Taxation and FATCA. Ex-pats are following a sad but rational course of action and consequently renouncing their US citizenship by the thousands. Their birthright is literally being taxed away from them.

  20. I feel there is a war against people with money. Having a few form traps to take their money is a new Obama tax. You have to jump through a bunch of hoops and mistakes cost you.
    I had no idea though that the IRS is essentially encouraging some tax payers to cheat:

    http://www.wthr.com/story/30389540/secret-irs-policy-hides-identity-theft-from-victims-illegal-immigration

    The same group I have problems with because of all the immigration hoops and costs I had to deal with but they seem not to have to now.

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