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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. Bubblebustin wrote:
    “There is simply no incentive for these people to start paying $750 every five years, unless of course it would be to get one in order to officially check out of the system for another $2350.”

    I don’t think you need a current US passport to check out of their system. An old, expired one will do or if your passport was lost, then a US birth or naturalization certificate should suffice.

    BTW, I checked the percentage of Americans with passports these days and it stands at around 35%. Changing the border crossing rules with Canada and Mexico may have resulted in an increase in that percentage. Also, according to what I read, more Americans go to Mexico than Canada. (The tall tales of us all wearing beaver skins and living in igloos have possibly been a little off-putting.)

  3. The US government is certainly eager for new revenue and it would prefer Americans stay and spend and be totally taxed at home so there’s a good chance it would go for the $750 passport fee but the FATCA/FBAR/CBT trilateral tyranny would remain and they’d say the fee is increasing because it better reflects the cost of processing the document or they’d say it’s off-setting a decrease in revenue from yet another tax break doled out to corporations.

  4. @Embee
    Yeah- I thought that too. They need the money so badly they would do both. ( Or maybe so greedy anyway- to maximise income as pure unadulterated capitalists.)

  6. @Bubblebustin
    Well the “summonses” of the South American governments who wanted information on the drug cartel money in Florida banks never worked…..

  8. @ JacDak
    Is this the same documentary that Rachel Heller in the Netherlands is participating in?
    http://rachelheller.org/renunciation-day/
    Outside the Amsterdam train station, a camera crew waited. Without getting into specifics, I’m going to be featured in a piece at some later date addressing the issue of the increasing number of Americans who are renouncing their citizenship. Because of the Paris attacks, the team putting the report together are in Paris, so today wasn’t the full interview. This camera crew was there to film me before and after my actual renunciation and the interview itself will happen at a later date.

  13. @Charl we need heads up on such articles. Now two days. Your comment was spot on. Save that one.

    I got in there about the revenue offset for highway funding. If they want money for highways the most effective and efficient way to do it is raise the tax on gasoline. Then it would be on a user pays. Those who receive the most benefit will pay more. That seems to be too simple for Congress and they like to try these offsets that are convoluted and don’t ruffle any constituent feathers. Now is a fantastic opportunity to raise gasoline tax as the price of gasoline is at a record low.

  14. Tax pros talk about non-resident alien spouses. Looks very complicated. I liked this bit:

    >In this scenario the IRS insists that the NRA spouse has an ITIN. Consequently I have had many
    >clients who refuse to apply for ITINs even if it saves tax because many NRAs want to have nothing
    >at all to do with the United States.

    Shouldn’t that sort of statement send a chill down politicians spines? I don’t they don’t care but that’s the problem.

    http://www.taxprotalk.com/forums/viewtopic.php?f=8&t=4921&sid=4dae5fc7473d1edceb7ac780d0dd7ef4

  15. @JC THANK YOU…..for the rescue with Omsh!!!! He had me beaten, he just just kept rewording everything talking in circles. Plus is it so much more powerful when others are supporting the same issue. He just thought I was a lying nut bar!!!! (Well the lying part was wrong for sure).

  16. @Charl I see you were quite active at Forbes. What we learn. Not only do Homelands don’t understand, even Homelanders with significant assets overseas up with the compliance don’t understand.

    Build the community, direct attention and funding to the lawsuits.

  17. @JC The most difficult adversaries seem to be those in the US with a modicum of understanding, a smidgen of empathy but unable to grasp the entire picture. You do such a better job than I ever could explaining the tax “stuff”. I have saved your latest response as I get myself all tongue tied in that arena.

  19. @EmBee Your link worked for me, just ignore the sign in request scroll to read the letters. You cannot “like” or comment however.

  20. @EmBee I PM’ed the site administrator with your message. (I don’t seem to be having any problems though, wonder if this is just puter voodoo of some sort).

  21. @ heartsick
    A black overlay covers the page — no X to remove it. Can’t read anything through it. I’ll try a reboot to see if that clears it, after I finish listening to a podcast I’ve got going.
    @ Charl
    Thank you … maybe it’s gremlins in my computer.

  23. Calls for an exit tax on foreign inversions and takeovers. I expect these fall foul of the anti-discrimination parts of the tax treaty. You can’t treat a foreign buyer differently with taxes from a domestic one.

    http://www.csmonitor.com/Business/Tax-VOX/2015/1130/Exit-tax-on-U.S.-firms-with-deferred-earnings-could-slow-inversions

    http://taxvox.taxpolicycenter.org/2015/11/30/another-way-to-slow-corporate-inversions-collect-an-exit-tax-on-u-s-firms-with-deferred-earnings/

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