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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. @JC

    Just what’s exactly in the water down there that the Foreign Relations Committee Chairman can make such a distorted statement about the importance of tax treaties?

    Senator Bob Corker writes,

    “These treaties also impose reasonable limits on the amount of tax other countries can impose on a U.S. person who might live or work overseas”.

    http://www.repealfatca.com/downloads/Tax_Treaties_letter.pdf

    Are we really that ‘owned’ by the US that money we earn in countries where we live is considered the US government’s first, and aren’t the treaties themselves the instruments that create and enforce that ownership?

  3. @Bubblebustin

    And talk about the pot calling the kettle black:

    Tax information exchange with another country under any treaty, including the treaties pending before the Senate, is a process subjected to stringent controls. The current tax treaty standard forbids so-called “fishing expeditions” and explicitly prohibits information exchange for non-tax purposes. Congress has also enacted significant taxpayer protection laws that apply regardless of any treaty. These laws ensure that the U.S. government treats as secret any information collected on a taxpayer in furtherance of the tax laws. The U.S. government conducts inspections of the laws, policies and infrastructure of foreign governments before sharing any taxpayer information under a tax treaty. If those foreign laws and policies fall short of U.S. protections, the U.S. government can – and has in the past – suspended information exchange with foreign governments.

    If only foreign governments would grow a pair and suspend all information exchange with the beyond stunningly hypocritical U.S. government.

  4. Senator Corker’s letter is full of lies.

    A big hat tip to Rand Paul and Mike Lee for taking a principled stand based on the constitution.

  7. @Bubblebustin

    “These treaties also impose reasonable limits on the amount of tax other countries can impose on a U.S. person who might live or work overseas”.

    Same as for any nonUS person in a nonUS country – for US source income.

    There always seems to be lack of definition in statements by politicians in terms of tax residency overseas or tax residency in the US.

  12. It’s a pity that, when the LA Times prints something that actually reports the truth about what Americans would be in for, tax-wise, if they were to emigrate to Canada, the readership thinks the article is a stupid joke.

  14. @Neill, thanks for alerting us to that report. That TIGTA report https://www.treasury.gov/tigta/press/press_tigta-2016-17.htm http://www.nysscpa.org/news/publications/thedaily/blog-posts/irs-failed-to-assess-21.6-million-in-fbar-penalties-062116#sthash.fphN4cQe.dpbs is all about further mis/using the FBAR as a revenue generator for the US Treasury by hook or by crook- even when no US tax can be assessed – even by an aggressive IRS looking for any penny fallen in behind our non-US sofa cushions in our family homes where we live outside the US. The FBAR penalty was not originally designed to be a revenue generator. But obviously it is being ab/used as one – and TIGTA is trying to.

    Ironic too to see the IRS comments referencing the Taxpayer Advocate’s criticisms of the unacceptable OVDP “one size fits all” approach in defending against the apparently even more FBAR hungry TIGTA and its assumptions that everybody should have paid some size of FBAR penalty – no matter their facts or circumstances and no matter the IRM mitigation provisions.

    And this is the type of rabid predator our home governments have signed up to assist via FATCA IGAs.

  22. @Neill – apologies – didn’t clock that you had just posted about UBS complying in this case.

  23. Brexit – Accidental American Boris Johnson is a hero of mine. “Outrageous!” in regards to US double taxation of him.

    He leads the support for Exit. I will be happy for him if England “leaves.” Today leave EU, tomorrow, leave US imperialist extraterritorial law (I hope).

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