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The Isaac Brock Society

Media and Blog Articles Open for Comments – Part 3 of 11 (Year 2016)

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-3-of-3  )

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” of FATCA/CBT articles.  [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 aren’t on this list yet.

2016.12.29
Switzerland moves further to end bank secrecy, Financial Times, UK.
2016.12.23
How FATCA Infringes and Trammels our Statehood, Stephen Kangal, Trinidad and Tobago News, Trinidad and Tobago.
Barclay’s chief preparing to take a stand against US regulators over unduly high fines to European banks, James Quinn, The Telegraph, UK.
2016.12.22
Canada refuses to name bank that broke money laundering rules 1225 timtes, Mike De Souze, Robert Cribb & Marco Oved, National Observer.
Financial Intelligence agency gave bankers head up about money laundering disclosure, Mike De Souza, Robert  Cribb & Marco Oved, National Observer.
2016.12.21
US citizens may pay double tax on Kahlon’s child savings program, Michael Zeff, Jerusalem Post, Israel.
Applying to be Swiss in the Trump Era, Steve Krump,  SwissInfo, Switzerland.
2016.12.20
File That Tax, Boom Chicago, YouTube, Netherlands.
Tijuana City Councilman Faces US Money Laundering Charges, Sandra Dibble and Dana Littlefield, San Diego Union, US.
2016.12.19
Senate Report Finds IRS Agents Living Large on Public’s Dime, Guillermo Jiminez, Tax Revolution Institute, US.
AG to UNC: Come to Parliament first – a Joint Select Committee to deal with FATCA . . ., Ria Taitt, Daily Express, Trinidad.
Rand Paul criticizes framework of tax reform plan, Naomi Jagoda, The Hill, US.

Articles from earlier 2016 are at this link

Articles from 2015 are at this link

Articles from 2014 are at this link

Media and Blog Articles  thread, Part 1 of 3, is at this link.

Media and Blog Articles thread, Part 2 of 3 is at this link.

 

2,818 thoughts on “Media and Blog Articles Open for Comments – Part 3 of 11 (Year 2016)”

  2. @BCDoc
    I understand your sentiment. But I just didn’t have the luxury of that. Banks demanded proof. They knew I was a US citizen.
    I needed a clean cut. And I am an old lady and just sleep much better now.

  3. @Polly, “I needed a clean cut.”

    Some need that clean cut for emotional reasons and others need it for practical reasons. Hence, each outlander has a unique solution to this problem imposed upon us. For some it makes sense to remain under the radar, for some relinquishing and self documenting and for some getting a CLN and filing is right plus location, location, location. Sympathy for outlanders in DE and CHF.

    “And I am an old lady”

    The fact that you are hanging around this motley crew means you are NOT an “old lady” rather you are indeed a young warrior. And I am glad you are standing on the front line of all this.

    As a side note, I think the US politico elites would be shocked to see the demographics of the IBS/ADCS backers!! I think its far more women than men and far more seasoned than youthful and you know what; that is why we are going to win in the end. No offense to the young guys in our midst!

  4. @Polly– I totally get it (sorry if I implied otherwise). In Canada, hiding and lying about birthplace works. Unfortunately I realize this isn’t the case in much of Europe.

  5. @George
    I agree with the various solutions for various situations.
    A young warrior eh? LOL I dont know if I am standing in the front line, but what I do know for sure is that taxing people who don`t live in a country and don`t get the services is just morally wrong. Taxation without representation as well. Add to that the potentially ruinous penalties and it just gets more wrong. It is one thing to want to punish a New Yorker who is hiding money in Switzerland because basically it is a “stash”- meaning a fraction of what they own usually. But to apply the same penalties to somebody`s EVERYTHING – all they own because they live abroad – is just shameful.
    I heard Trump wants to keep part of Obamacare and that was really thrilling to hear. Seems he also said he wants to clean up Washington DC- wonder how he wants to go about doing that. But that would be great too – and certainly wasn’t on Clinton`s agenda.

  7. I have a good feeling with this one. I think he’ll end up “breaking” most of the extreme promises by appealing to reality and keeping those that are really needed. The signs are good in my eyes. Hope is something we need badly.

  8. Even by Hilary’s estimates, less than 25% of all voters are “deplorable”. What about the rest of the US population that didn’t vote?

  10. Polly: “No word about RBT/CBT or FATCA”? That’s precisely why we need to start getting in their face right now lest we be brushed aside again in the face of all the other things that need doing in Washington.

  11. @Muzzled
    How long has Orin Hatch been head of the group for tax reform under Obama? Two years? Three? Has ANYTHING been changed?

  14. Thanks, JC. Keith has also taken the author to task. It was a good overview, but poor on details. I wonder where he got his details from if he thinks the Canadian lawsuit is associated with the Republican Party.

  15. Remember that Reince Priebus was on a conference call with Republicans Overseas. I talked about this call in this stream. My memory is that he understood our issues very well but the later candidates like Ted Cruz did not. Reince is now going to be chief of staff. So I am getting more optimistic.

  16. @Neill

    From 2015:

    RNC Statement on Republicans Overseas Action Lawsuit

    WASHINGTON – Republican National Committee (RNC) Chairman Reince Priebus released the following statement in response to the filing of a Foreign Account Tax Compliance Act (FATCA) suit by Republicans Overseas Action (ROA):

    “FATCA violates several of the constitutional rights and protections afforded to overseas Americans. Without these protections, Americans abroad are subject to arbitrary discrimination by foreign banks. By filing this suit, ROA is boldly speaking up for the financial rights of Americans around the world. If successful, their lawsuit will provide expats with both immediate injunctive relief as well as the security of knowing that the Treasury department is unable to enforce these crippling provisions.”

  20. And how does Robert Wood know this? He can be such a bloviator. Unfortunately, his high profile position enables him to put thoughts into others’ heads which may not have been there before. Creep.

  22. New article in the Yale Journal on Regulation blog pointing out: tax regulations are absurdly easy to repeal. No notice & comment period required, according to the IRS’ own position. Can be done on Day One of the Trump Administration if he is so inclined (giant if):
    http://yalejreg.com/nc/trumps-broad-powers-to-revoke-tax-regulations-issued-by-the-obama-administration/

    However, the Trump Administration’s ability to reverse controversial tax regulations may be relatively easy, due to the IRS’s odd habit of disclaiming its obligation to comply with the Administrative Procedure Act. When the IRS issues regulations, it will frequently allow the public a chance to comment, but it makes clear that it does so only out of administrative grace. See, e.g., “Health Insurance Premium Tax Credit,” 77 Fed. Reg. 30377, 30385 (May 23, 2012) (“Section 553(b) of the Administrative Procedure Act (5 U.S.C. chapter 5) does not apply to these regulations.”). As prior posts explain, the IRS generally believes that its regulations are merely “interpretive” and thus exempt from the APA’s requirements.

    The IRS’s avoidance of the APA and its invocation of the “interpretive” exception may backfire under the Trump Administration, however. Unlike legislative regulations issued by (say) the Environmental Protection Agency, interpretive regulations can be revoked quite easily. As the Supreme Court recently and unanimously explained: “Because an agency is not required to use notice-and-comment procedures to issue an initial interpretive rule, it is also not required to use those procedures when it amends or repeals that interpretive rule.” Perez v. Mortg. Bankers Ass’n, 135 S. Ct. 1199, 1206 (2015) In other words, it’s much, much easier to repeal an interpretive rule than a legislative rule. The IRS’s self-serving statements about the APA may helped it when it issued regulations under the Obama Administration, but those same statements now make tax regulations susceptible to easy repeal by the Trump Administration.

  25. @JC

    So congress was counting on revenue generated by a FFI’s failure to enforce FATCA, according to Haydon Perryman?

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