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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)”

  1. Knashing my teeth at reading this inaccurate and ill-informed claim;

    “.And by the way FATCA has nothing at all to do with citizenship-based taxation.”
    https://www.quora.com/What-are-the-chances-that-the-FATCA-would-be-repealed-and-even-the-citizenship-based-taxation-will-be-abolished

    Wha?

    It is obvious and irrefutable that FATCA is designed to help enforce extraterritorial US taxation – which include taxation based on US citizenship via birthplace, via transmission by parentage, (as well as by naturalization, and other quasi-citizenship deemed status such as permanent residency – greencards) – even in the absence of any actual economic connection hence the IRS obsession with birthplace as a FATCA indicia rather than just actual residency ( like the rest of the world – except Eritrea).

    See ex.
    “What is a U.S. person?

    According to U.S. tax law, you may be considered a U.S. person if you are:

    A citizen of the U.S. (including an individual born in the U.S. but resident in Canada or another country, who has not renounced U.S. citizenship);”…………..
    http://www.cba.ca/fatca-and-the-canada-us-intergovernmental-agreement-iga-information-for-clients

  2. Yesterday over at American Expatriates Keith Redmond, an excellent FATCA/FBAR/CBT spokesperson, made this announcement:

    On 28 November, I will be interviewed for an hour long podcast discussing the untenable situation of Americans overseas, Accidental Americans, and the associated affected populations as it relates to the damage regarding FATCA (Foreign Account Tax Compliance Act), the US practice of Citizenship Based Taxation, and FAST ACT Passport Revocation. It will be distributed globally. I will share the podcast with you shortly thereafter.

    Sounds good to me.
    https://www.facebook.com/groups/AmericanExpatriates/

  7. Allison Christians’ is working on a paper arguing that citizenship based taxation is against international law. (She reveals this while discussing another paper that offers support for her position):

    “[Fleming, Peroni and Shay] begin their paper by picking up Reuven Avi-Yonah’s premise that taxation on the basis of residence and source is customary international law. That is not only a relatively unusual argument to find in a US-authorized tax paper, but it is a potentially controversial perspective, which I am exploring in a paper of my own (making the international law case against citizenship based taxation). So, thank you Fleming, Peroni and Shay, for the additional citation support for my arguments.”
    http://taxpol.blogspot.ca/2016/11/fleming-peroni-shay-on-corporate-tax.html

  10. @notthattara
    Goodness! That really makes sense as far as I could understand it. So raising taxes on the ultra rich would not cover lowering taxes on the many many more who make less, but bring in that tax revenue.

  14. Nobody should be allowed to burn the American flag – if they do, there must be consequences – perhaps loss of citizenship or year in jail!
    — Donald J. Trump (@realDonaldTrump) November 29, 2016

    Sorry, I still don’t know how to use the quote thing.

  15. @Fred…..as I wrote on another thread, that would be welcomed by expats worldwide.

    Do you know how much money could be made selling medium size clean burning eco-friendly US Flags?

    We could set up a small business which would include a souvenier photo that clearly shows a US Flag burning not a French Flag. A witnessed affadavit and we could take out a once a month advert in a paper that lists people by name!!

    Wait……we could then issue a CFB…..Certificate of Flag Burning.

    We could have franchises near local banks in Europe. Maybe set up a deal with a bank manager where they could send us their US Persons and we would help them burn a flag on the sidewalk in front of the bank.

    Sample bank branch conversation;

    Manager; So you want to open an account today, where were you born?
    Customer; New York City
    Manager; Sorry to hear that, I can not open an account for you right now. But if you like, my friend Fred standing right outside will sell you a US Flag w/match that if you burn it I can an open an account for you as a non-US Citizen. His friend George will take your picture and they will give you a CFB to document your flag burning and loss of citizenship.

  16. @Fred. I think the Narcissist-Elect has forgotten about the First Amendment. It’s the one right beside the Second Amendment that he hasn’t forgotten about!

    Cheers,

    BC Doc

  17. George : I’m in!

    BC doc : lmao! Which is why I’m not really expecting the Donald to do anything for us. But who knows? These days anything is possible.

  19. LOL … CBT is the poop cake and FATCA is the poop frosting served up for every expat. — IRS Medic host, Anthony.

  23. Biter bitten department: Generous IRS tax exemptions for US non-profits not respected by other countries in implementing country-by-country reporting.

    New International Tax Reporting May Snag Big U.S. Nonprofits

    New York University, which has degree-granting campuses in Abu Dhabi and Shanghai, is getting ready for a sweeping international tax reporting requirement.

    It’s surprising, but the university is just one of possibly many nonprofit organizations that may be caught up in an international reporting regime meant to reveal multinational companies’ aggressive tax planning.

    The Internal Revenue Service included an exception for nonprofits when it issued rules on the requirements, but other countries have applied the concept more broadly—and some don’t recognize tax-exempt status at all.

    Thus, exempt entities—including charitable organizations, nonprofit hospitals, universities with foreign campuses and private foundations—could have foreign filing requirements under the regime, known as country-by-country reporting. Complying will cost organizations money and time, could expose them to fierce scrutiny from the public, and may open them up to audits as tax authorities pore over the information, practitioners told Bloomberg BNA.

    http://www.bna.com/new-international-tax-n57982082380/

    Gosh, America, that’s just how I felt when you made me report my tax-free savings accounts. Snot fair, is it?

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