Liberty and justice for all United States persons abroad

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)”

  3. @JC says

    “@Calgary411 I suggest for consideration that blog from Rachel Heller for an IBS feature.

    As part of renunciation, one must sign a statement that they have not done it under duress ! I suppose US goverment duress is not to be considered!”

    +1 JC. Many of those who renounce or relinquish are doing so with a metaphorical Smith and Wesson revolver held to their temple by the USG.

    I will use myself as an example. I am a naturalized Canadian citizen here for over two decades. I have Irish citizenship via my parents and grandparents. Their is no disincentive which has forced me to give it up. My Irish passport sits in a lock box and generally gathers dust save for the odd trip to Europe. I was a US citizen by birth– Boston will always be my home town. Given that I still have family in the US and right of return was my birthright, even though I had no intention of living their again, Citizenship Based Taxation combined with FATCA made retaining my US citizenship untenable. The result? US citizenship destruction, under duress.

    Good for Rachel for throwing a wrench in the US citizenship destruction machine.

  4. @Stephen Kish

    You might save that comment for rapid future deployment.

    Maybe I am thinking too much. Yet I am thinking buyer behavior that most will not likely just donate the first they hear the request. Everyone not impulse buyers/impulse donators. So I have always favored attracting people to IBS, where they may read, and the idea of donation and confidence in the legitimacy and genuineness of the legal action grows. Of course if you don’t ask you don’t get.

  6. Re: JC’s link just above–If Congress actually passes a territorial tax system for US corporations, would that mean any US citizen abroad could start a LLC and be defacto exempt from US taxes?

  7. @Barbara It would be favourable if they start an overseas company – perhaps no need to file tax for this. Still FBAR to deal with.

  11. Conference call with Ted Cruz is terrible. Still going on.
    150 Americans who live overseas.
    Ted gave a standard talk about his flat tax. Nothing targeted at his audience.
    Ted doesn’t seem to be aware of our issues. Americans overseas don’t seem to care much about the issues either. He is being asked questions about the Iran deal, other foreign policy questions and is being urged to take Marco Rubio as his running mate.
    He didn’t know what the hell the recent passport revocation bill was about (called said he voted against it but then it was a big spending bill anyway).
    It’s hard for me not to put down the phone.

  12. Now Cruz is being asked about his foreign birth by a woman who thinks he is a natural born citizen.
    I can’t believe how terrible this is. What is wrong with Americans abroad?

  15. Well Cruz has gone. I can’t believe how bad that was. Almost nothing on the issues beyond saying FATCA etc.

  18. Cruz even trotted out the “hedge fund guys pay a lower tax rate than their secretaries’. Utter rubbish.

  19. How can an American abroad ask some stupid question and then as their second squeeze in question to say their bank accounts are being closed. If their accounts were really being closed they would have made it their first question.
    I just got back from the gym and I am still mortified by this conference call.

  22. Republicans abroad is doing a conference call with Rubio on Jan 22. I don’t know if I can stand a second one.

  23. @Neill
    Well, but would they win? The courts have not been sympathetic. Given the costs involved, they will probably go after the people who moved money out of Swiss banks to other tax haven accounts. There were reportedly people who moved their Swiss holdings into Israel and then later Qatar as U.S. government attention shifted. I can’t see them going after citizens abroad doing things that may or may not be motivated by considerations of disclosure, such as people moving into credit unions or accounts that are non-reportable under the IGA.

  25. @Neill, “Republicans abroad is doing a conference call with Rubio on Jan 22. I don’t know if I can stand a second one.”

    Maybe you just need G-I-N to stand it…….

    It might just be that republicans/democrats/americans abroad are exactly what the tin says. I have found myself running into such types and they are very interested and excited about politics in the homeland and not on the impact abroad.

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