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)”

  2. @KAren
    What the article is referring to, is that European nations are discussing no longer having shell companies. The information to be accessible is: who owns this company? But it would be good if that also applied to Delaware.

  3. @Polly
    Certainly it would help for corporations to be more transparent. But to praise FATCA, as the article does, without at least acknowledging the harm FATCA does to individuals presents an incomplete picture.

    IMO, this is one of the problems with the focus on tax evasion in the wake of the Panama Papers story. The focus is on multinationals and HNW individuals. If minnows are caught by the rules meant to catch whales it is dismissed as unfortunate collateral damage.

  6. http://www.dailynewsegypt.com/2016/04/16/banking-expert-warns-against-further-egp-devaluation-unless-cbe-is-prepared/

    Banking expert warns against further EGP devaluation, unless CBE is prepared

    According to Abdel Aal, Egypt is not financially better off than the United States, which collects taxes from its citizens everywhere under the Foreign Account Tax Compliance Act (FATCA), therefore the state has the right to demand taxes from its citizens abroad, as long as it does not violate their rights.

  9. @Karen
    Of course. That is a given for us. FATCA is always praised like that though, isn’t it? But I just wanted to point out that this is what they were discussing: getting rid of nameless companies. That should affect Delaware, South Dakota and Wyoming too. But somehow we all get the feeling that America won`t allow that to happen- dont we? Those states which are making barrels of money with this kind of tax evasion would balk at any change to their revenues, and the federal government wont change that either.

  14. Re: Elizabeth Thompson’s April 17 article: Is it any wonder our community is up in arms about the transfer of our data to the IRS via the CRA? There is no one minding the store at the CRA, a state of affairs that was certainly confirmed while watching the Ethics Committee meeting.

  16. Not sure what this is about but changes to FATCA and reporting of companies:

    https://www.treasury.gov/press-center/press-releases/Pages/jl0428.aspx

    Tax evasion and tax avoidance hurt government budgets, reduce the equity of our tax systems and hinder global growth. The effective implementation of international standards is a key issue for the United States. To combat the misuse of companies, we are finalizing a rulemaking that would require financial institutions to identify the beneficial owners of new customers that are companies. In addition, we are about to propose a regulation that would require the beneficial owners of single-member limited liability companies to identify themselves to the Internal Revenue Service, thus closing a loophole that some have been able to exploit. We fully support the call for all countries to automatically exchange financial account information. The United States led the world in automatic exchange with the enactment of FATCA in 2010. We also are committed to implementing the OECD/G-20 BEPS project, including the requirement that large multinationals report to tax authorities certain financial and tax information on a country by country basis.

    News report was here:

    http://www.ibtimes.com/panama-papers-fallout-us-treasury-plans-rules-aimed-tax-evading-shell-companies-2355037

  17. Still not up on ParlVu this morning, but I have this reply so will keep checking the site:

    JC,

    Thank you for visiting the ParlVU Web Site (http://parlvu.parl.gc.ca). We are interested in receiving comments on the web site and learning from the experience of our visitors.

    We experienced some technical problem with this section of the web site. The technical team is currently working to resolve the issue.

    A notification will be sent to you once the problem is resolved.

    We hope that you will continue to visit this site and watch for new items to appear.

  22. Way to go Lynne. Your smarts, guts and determination continue to inspire me. Underneath I’m sure there is an emotional cost to. You go girl!!!!

  24. Great find, Charl! Good for Robert Wood for printing Lynne’s fabulous Baby Elle letter! Shame on TD bank, shame on the Fiberal government (love it, Lynne!) and shame on the USA for prolonging the insanity of CBT.

  25. Can anyone suggest a way of reading the Wood article other than by going to Forbes? That requires cookies, which I try to avoid. Or can someone pull out the important text and post it? Thanks.

Comments are closed.

%d bloggers like this: