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)”

  1. @Polly
    The FVAP one was a study they did of U.S. citizens abroad, reasons for being abroad, etc. Thought the data might be of interest to people. That’s all.

    I think I have seen the campaign to get U.S. citizens in the U.K. to vote (not the government one, but one that was clearly anti-Trump). I am not sure why they think U.S. citizens abroad are going to be enthusiastic about Clinton in the general election when they picked Bernie in the Democratic primary. The under the line comments on that campaign are really mixed.

  2. http://www.internationalinvestment.net/other/us-political-parties-target-expats-prez-campaign-heads-final-weeks/

    “……..As reported, http://www.internationalinvestment.net/products/american-expat-group-calls-country-fatca-exemption/ the American Citizens Abroad in August wrote to the presidential candidates in order to obtain their official stance on eight key issues of concern to expats. In addition to their stance with respect to the “same country exemption” amendment for FATCA, the candidates were asked what their positions were with respect to a proposal that the US federal tax regime be changed to a residence-based system, “like every one of the 50 states, and…virtually every other country in the world”, and how they feel about certain proposed changes to the so-called Foreign Bank Account Reporting requirements which, like FATCA, have caused considerable difficulty for many expats.

    An ACA spokesperson told International Investment that it has “not heard back from the candidates” with respect to its letter, https://www.americansabroad.org/media/files/files/65318833/aca-letter-to-hillary-for-america-2016-08-25.pdf but added that “we will be following up with their offices this week to try and get a response”…”

    So it is almost October and none of the candidates responded to the concerns of expats as expressed in the ACA letter?

  4. CNN Money, September 26, 2016

    A Brocker wonders:

    WOW
    Just thought of something. For sure accounts opened by Wells Fargo sales people, numbering in the millions and millions, are often likely to belong to US residents who have offshore accounts plus Americans who live offshore as well.

    Soooooo since they can’t properly do FBARs since they are unaware of accounts opened fraudulently in their name, are they to be fined and bankrupted? I cannot for the life of me understand why the lawsuit against WF is all about suing the salespeople. Who is representing those whose compliance may be ruined?

    Any opinions, legal or layperson?

  7. Still open for comments (some good ones already -THANKS!);
    ‘Lawmaker seeks to investigate Obama’s foreign tax compliance law’
    Kat Lucero, The Hill
    http://thehill.com/policy/finance/298130-lawmaker-seeks-to-investigate-obamas-foreign-tax-compliance-law

    “.The House Oversight and Government Reform Committee is currently planning to hold a FATCA-related hearing, but it is not yet on the schedule, according to Meadows’ spokesperson. The lawmaker is chairman of the committee’s Government Operations Subcommittee. He said the hearing is likely to take place after Congress returns from the November elections.

    Meadows didn’t provide more details about the hearing, but his announcement follows the Sept. 7 release of his own bill that would repeal FATCA and other individual reporting requirements (H.R. 5935), that violate “Fourth Amendment privacy rights,” according to a press release.

    The issue with privacy rights stem from the reporting requirements for foreign financial institutions. Currently, there are 63 active IGAs, but other countries with similar or pending bilateral agreements with the Treasury Department will have to now comply to a new set of IRS rules by the end of this year, according to a Congressional Research Service report dated the same day Meadows released his bill.

    H.R. 5935 is “designed to hopefully give us still some accountability and transparency, but yet at the same time not make doing business with American citizens not the most difficult in the banking world,” Meadows said.

    The bill is a result of the “far reaching implications of some of the regulations in the banking industry from a foreign perspective,” he added. ….”……

  9. How do such exploited *children of Native Canadians* get rid of their US taint if they so wish?

    CBC News, September 28, 2016 – – “Indigenous children for sale: The money behind the Sixties Scoop – Adoptive U.S. parents paid thousands for Indigenous Manitoba children”

    Marlene Orgeron recalls the day her adoptive Louisiana parents told her they bought her for $30,000. Her brothers, they told Marlene, were “freebies.”

    It left her feeling worthless.

    “They told me I should feel grateful they paid anything for me at all,” Orgeron said. “I felt so guilty.”

    Marlene Orgeron

    Marlene Orgeron was taken from her home in Shoal Lake, Man., in the 1970s and adopted by a family in the U.S. (CBC)

     

    It’s the latest revelation in a story survivors say has haunted them for decades: the money behind the Sixties Scoop.

    The scoop, as it is called, refers to the era from the 1960s to the 1980s, when child welfare authorities scooped up Indigenous children and adopted them out to non-Indigenous families.

    Which country owns this criminal act?

  11. “Overriding a presidential veto is something we don’t take lightly, but it was important in this case that the families of the victims of 9/11 be allowed to pursue justice, even if that pursuit causes some diplomatic discomforts,” said Sen. Chuck Schumer, a chief sponsor of the bill.
    …………
    “Despite reversing Obama’s decision, a bipartisan group of 28 senators led by Bob Corker suggested that defects in the bill could open a legal Pandora’s box, triggering lawsuits from people in other countries seeking redress for injuries or deaths caused by military actions in which the U.S. may have had a role.”

    http://www.cbc.ca/news/world/911-saudi-veto-1.3783312

    Must seeking redress be limited to injuries or death due to military action only? Hmm.

    I’d love to see unintended consequences of their own laws bite the US government in the ass

  12. @Calgary411

    That article about kidnapped and sold indigenous Canadians mentions that many wish to be reunited with their families in Canada. The Canadian IGA will see to it that they again are treated as 2nd-class Canadians when returning home.

  13. Regarding the Kat Lucero article- I tried to sign in but my passwords are not working.
    SOMEBODY tell those who tout about tax evaders that America is the biggest tax haven of them all!
    It galled me to no end that there this sentence that so much money had been spent already so FATCA has to stay? SAY WHAT? Why not get the missing money from those hidden companies in Delaware?!
    PISS ME OFF.

  18. @Neill
    That was the first thing I thought of concerning this issue- Obama is right. In the same vein- what would America say if everybody taxed by citizenship and american residents were paying taxes to other countries? It is all american exceptionalism and such a spectacle of pathological narcissism. Yes- WE can.

  22. @Polly @Bubblebustin

    By opening this door… other countries can sue the US for their crimes…. how many innocents were killed in the name of *terrorists* by the US

    As always… US thinks they are the only victims around… They also forgot… there are terrorists who are US citizens… there is a theory that the US supplies… money… arms… training… to groups they think will rule foreign gov’ts better then what is there… Ukraine comes to mind…

  23. US gives Trinidad new deadline for approving FATCA legislation

    Friday, September 30, 2016 | 11:30 AMhttp://www.jamaicaobserver.com/news/US-gives-Trinidad-new-deadline-for-approving-FATCA-legislation

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