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.
Postmedia is owned by two US hedge funds that are bleeding it dry.
MSM is no longer a public service — exactly why FATCA is not front-page media. Thanks, bubblebustin and The Mom
@JC
Its “Mythster” Stack, of course! You couldn’t make it up, although he seems to.
@Karen
Here’s a non-paywalled story on that:
http://www.forbes.com/sites/timworstall/2016/01/31/america-complains-to-european-union-hey-thats-our-tax-money/#2892f6a879e3
Nice point from the author Tim Worstall on governments (The Man)
“The Man will indeed get his bite at some point in the future. Meaning that all of the arguments currently going on are not in fact about payment of the dues to The Man, but rather about which version of The Man gets to spend the loot.”
Works the same with individuals, too. If all the Americans abroad moved to Sweden tomorrow, the U.S. Treasury would be really unhappy.
Hatch-et man leads Congress, pulls FAST one to target Americans abroad
on February 1, 2016
http://harbourtimes.com/2016/02/01/hatch-et-man-pulls-a-fast-one-to-target-americans-abroad/
Add your name to this petition to Bernie Sanders. I mean, why not? Really! Takes two seconds.
https://www.change.org/p/bernie-sanders-bernie-sanders-citizenship-based-taxation-and-fatca
Thanks, Barbara! I added it to the “Surveys and Petitions” page under “Take Action!” in the sidebar.
Plot thickens. IBS had a feature on this, yet pulled. Perhaps topic “too close to home?” Should I delete my tweets. Probably let it ride.
https://renounceuscitizenship.wordpress.com/2015/07/19/statement-from-aaro-unlike-demsabroad-supports-bopp-fatca-lawsuit/#comment-11313
@ JC
Yes, let your tweet ride. That’s incredibly sad about the suicide of John Prince’s son. I didn’t know.
Calgary411, the media has never been a public service. In democratic society journalism and political cartoons developed as a check on government. We now have media, not journalism. Media is there to make bucks.
DOJ Tax Division Chief Outlines Enforcement Priorities for 2016
It’s like a broken record: crack the whip down on “foreign this” and “foreign that”. As though the entirety of the criminal class who would dare to shortchange the IRS is outside its blessed borders.
http://taxcontroversywatch.com/2016/02/01/doj-tax-division-chief-outlines-enforcement-priorities-for-2016/
Fascinating read (especially pg 6):
“Most importantly, the U.S. is a long way away
– for reasons of politics, lobbying, complexity
and history – from being able to provide
the information required under reciprocal
information exchange. It is currently unable to
reciprocate because under its domestic law its
banks are not required to collect the necessary
beneficial ownership information.”
http://www.financialsecrecyindex.com/PDF/USA.pdf
An article about Dileng v Commissioner, of which the DOJ (in Barbara’s link) seems very proud. Denmark asked for assistance under DTA in collecting taxes from Dileng, who resides in the U.S., and the U.S. Tax Court said he couldn’t challenge the collection order there.
http://taxlitigator.me/2016/01/26/uncle-sam-collects-danish-taxes-the-world-is-becoming-a-smaller-place-by-steven-toscher-and-robert-horwitz/
Order in that case granting US motion to dismiss:
https://docs.justia.com/cases/federal/district-courts/georgia/gandce/1:2015cv01777/216301/13
Charl,
The Government of Canada claims that it would be “detrimental” to not receive from US IRS the so-called FATCA “reciprocal” information.
Our Canadian Government told us on September 25, 2015:
“17. The IGA not only requires the CRA to provide information to the IRS, but for the IRS to provide information to the CRA. If an injunction is granted and the CRA is not able to meet its commitments under the IGA, the IRS will not provide the CRA with the information it has committed to provide.
This would have a detrimental impact on the CRA’ s tax compliance work.
The information to be provided by the IRS is helpful to tax compliance work in Canada because it would quickly and easily permit the CRA to match financial holdings in the US to specific taxpayers in Canada to, in a timely way, assess their compliance and if necessary commence audit action. As with other information obtained by the CRA, it is compared to that reported by taxpayers on tax returns. Where inconsistencies are identified, compliance actions can be taken and reassessments made.”
@Barbara,
>Expats for Sanders
Wow. We got our legs cut off by Obama so we are rooting for Sanders in the hopes he cuts off our arms.
Eric take a look at the USA Denmark treaty article 27 section 8.
Had this person been a us citizen no assistance would have been rendered
Can somebody tell me if I should listen to the sound? The US is the biggest tax shelter:
http://onpoint.wbur.org/2016/02/02/dark-money-tax-shelter-cayman-islands
@tdott
They have to eventually drown in their own regulations.
Somebody here can put me straight I recon. I thought living another country with a national healthcare type system exempted you from the ACA (affordable care act).
One post suggests here that it has to match the standards in the ACA. That would seem to be bad since for example you need pediatric dental even if you don’t have kids. So it seems like a messed up standard.
Is that right or is the poster that said yes correct:
http://www.taxprotalk.com/forums/viewtopic.php?f=8&t=5367
I am confused. Rereading it looks like the guy may be in the US.
@Neil; as you know the ACA is a cluster f___.
If an expat comes to the USA too long they are screwed over because their travel insurance will not be ACA compliant.
@George,
Tell me about it. As I have said I retired in Aug last year. I purchased health insurance int he private market. Expensive and deductibles are huge. Plans contain stuff you don’t want.
I purchased dental insurance since I only investigated health insurance and at signup time I just went for it not knowing anything.
Anyway dental insurance is rubbish so in Jan I wanted to drop it. You can’t drop it. You have to have pediatric dental coverage even if you don’t have kids!
If the title doesn’t make to spew you coffee on the computer then I don’t know what will:
‘US lawmakers slam ‘hostile’ EU tax climate’
http://www.ft.com/intl/cms/s/0/a40e4b34-c9c7-11e5-be0b-b7ece4e953a0.html#axzz3z3802ix5
Hostile = money going in the wrong direction.
@Neill, over here I have heard second hand that companies selling travel insurance are warning obvious “Americans” that they may have problems on a stay in the USA because of obamacare rules.
Further it is IMPOSSIBLE for an expat non-resident in the USA to purchase ACA compliant health insurance because they are……non-resident! USA insurers will not sell to them, non-US insurers do not have the product to sell.
‘IRS Creates “International Practice Units” for their IRS Revenue Agents in International Tax Matters’
http://tax-expatriation.com/2015/12/28/irs-creates-international-practice-units-for-their-irs-revenue-agents-in-international-tax-matters/
@Neill as I said before…the US Centric world is…
1. US Firms should pay tax to the USA on their entire worldwide earnings because they are based in the USA.
2. Non US Firms should pay tax to the USA on their earnings in the US because the money was earned in the USA.
They want it ALL. It is where corporate CBT and RBT merge.