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. October 2, Zero Hedge asks “Is America Becoming A Vast Debtor’s Prison?”

    Every taxpayer left in the country now owes more than $149,000 of the national debt, so it’s no surprise the tide is beginning to turn. By hook or by crook, in the coming years, citizens will be fleeced of that money through higher taxes, savings that are inflated away, and an overall drop in their standard of living. Many can see the writing on the wall and have become determined to protect themselves from the years of economic repression coming down the pipe.

    Draconian steps have already been taken to slow the rate of expatriation. For one, the IRS has broadened its reach into foreign bank accounts through the Foreign Account Tax Compliance Act. Through agreements with over 100 nations, the law is able to require all financial institutions abroad to report the account details of any American customers they have. With access to this new information, the IRS can revoke the passports of potential tax evaders and hinder their ability to travel using yet another additional power the agency was granted last year.

    Expats and FATCA (and students and their loans) highlighted — though the emphasis is, again, on and as if those choosing to leave the USA is a new phenomenon. Additionally, nothing at all about the *Accidental American* and US Citizenship-Based Taxation (OR US Taxation-Based Citizenship).

  4. @Innocente,
    I liked how she talks about Elizabeth Warren being forward thinking. She still believes in the ideas that took her citizenship from her. Amazing.

  5. Carol, I read the same article and my immediate thought is that someone in Congress will propose a law that the price tag to renounce/relinquish will be your portion of that debt.

    Also I believe that because of the massive debt the USA has taken on that no former US Citizen will ever be safe. In this tipsy topsy world (US Centric) I can see folks with CLNs being brought back in the fold to pay their “fair share.”

  6. @George, I share your fears, though I don’t think it will get that bad, especially if a former citizen has no U.S. assets. They might heavily tax U.S. social security payments someday though…

  8. Thank you @Embee for that link to the article ‘500 IRS Employees Caught Not Paying Taxes in 2015, Only 5 Fired’ ( by Guillermo Jimenez | Sep 26, 2016) https://taxrevolution.us/500-irs-employees-caught-not-paying-taxes-only-5-fired/ which published the FOIA ‘answers’ from the IRS regarding how many IRS employees either didn’t file, filed late, and those who “understated” their taxable income when they did file – yet were not fired; https://www.scribd.com/document/322688218/IRS-Response-to-TRI-s-FOIA-Dated-April-7-2016-Case-No-F16103-0035#from_embed

    I was just looking at the pile of papers I filed to the IRS showing I STILL owed the US a big fat zero – before I relinquished – in addition of course to those I routinely file to the CRA, my home country’s Revenue Agency, and it made me mad and nauseous all over again. And here I see proof that the IRS can’t be bothered to discipline its own employees – all US residents with a WILLFUL knowledge of their US tax duty and how to meet it (or get help from the IRS! – and yet, the US Treasury has the audacity to be extraterritorially extorting the legal local banking and asset information of those it deems UStaxablepersons’abroad’ using legally questionable IGAs and constitutionally questionable tactics.

    What willfully disingenuous and hypocritical bastards. Timmy the Tax Cheat Geithner https://en.wikipedia.org/wiki/Timothy_Geithner and all the others knew of the noncompliance from within the IRS, plus that of US politicians and IRS contractors https://www.treasury.gov/tigta/auditreports/2016reports/201610049fr.pdf , and aides in the White House http://latimesblogs.latimes.com/washington/2010/09/congress-taxes-irs.html http://www.politifact.com/ohio/statements/2013/apr/03/blog-posting/bloggers-say-obama-aides-are-delinquent-their-taxe/ http://nypost.com/2013/03/12/the-fair-share-white-house/ , and other federal employees http://www.pbs.org/newshour/rundown/irs-says-305000-federal-workers-retirees-owe-3-5-billion-back-taxes/ yet has the arrogance to issue threats against people living entirely outside the borders of the US.

  9. @Badger, “yet has the arrogance to issue threats against people living entirely outside the borders of the US.”

    Sorry you need to be corrected, I can not let stand your last comment.

    It should read; “yet has the arrogance to issue threats against people living entirely outside the borders of the US who do not even consider themselves to be US Citizens nor desire any of the so called benefits of such foreign (USA) citizenship.”

    Yes, US Citizenship has become the misadvertised online purchase where the return postage is far greater than the price you originally spent.

  12. @George, AND, the US issues threats against people living outside its borders who even it acknowledges are NOT UStaxablepersons. I speak of ALL the citizens and taxpayers and accountholders of every non-US country in the world and their financial systems, who the US makes extortive threats against – in terms of potentially denying access to US markets and in terms of the 30 % withholding on their local FIs, and forcing them to pay via their own local taxes and increased local banking fees for the pleasure of being USFATCAhostages forever and ever and betraying their own country and fellow citizens and residents. The cost to our own country has never been calculated, ex.’
    https://openparliament.ca/debates/2014/6/4/elizabeth-may-9/
    https://openparliament.ca/debates/2014/6/4/nathan-cullen-9/
    https://openparliament.ca/debates/2014/6/11/nathan-cullen-5/
    and as the late previous CONservative Finance Minister Flaherty initially stated publicly in the media – before he underwent a remarkable 360 degree conversion and aboutface;
    “…to rigidly impose FATCA on our citizens and financial institutions would not accomplish anything except waste resources on all sides……..
    http://business.financialpost.com/news/read-jim-flahertys-letter-on-americans-in-canada

  13. Maclean’s article: Anti-Trump activists set sights on recruiting American ex-pats

    excerpt:
    An activist organization’s campaign to keep Donald Trump out of the White House is spilling across the border into Canada as the group ramps up efforts to convince U.S. voters living abroad to cast ballots during next month’s presidential election.

    More than a dozen people gathered in front of Trump Tower in downtown Vancouver on Wednesday afternoon waving anti-Trump placards and trying to persuade American expatriates to register to vote and to defeat the Republican candidate for president

  14. Heard on CBC this morning…. Bernie Sanders has been pressured into rousing his followers to support Hillary.

    What was Bernie’s pitch to get them behind her?
    The clip CBC played had him saying, “There’s only one candidate who will make the rich pay their fair share of taxes”.

    Any expat paying attention will know what that’s code for.

    Pick your poison.

  17. Mark Crawford, Chief Plaintiff of Republicans Overseas #FATCA lawsuit was interviewed by SCAN TV of Albania about FATCA

    Oct 4

  18. Moderators..Is there any way to get a post started on this? There is an opportunity to vote for a question to be asked to the presidential candidates, but it has to be in the top 30 ranking for most voted. One of the questions is about fatca and rbt. Can we get every Brocker and his family to vote? All you need is a valid email and a US zip code. Use any zip code …maybe of a family member still living there. Otherwise…use one of these…90012 , 90020 , 94114 , 94122 , 84115 , 84101
    https://presidentialopenquestions.com/questions/6739/vote/?source=share-fb-6739

  19. @ 2terrified2sleep
    This has come up several times at Brock in the past week in various threads. I was going to do another appeal today but you beat me to it. I’ll just add that even though the FATCA/RBT question stands no chance of making it into the top 30, it’s still worthwhile to vote for it because it represents our cause and deserves our support. The FATCA/RBT question is currently at 757 votes, making it #22 on Trending Now and #17 on Most Votes under the Taxes and Budget category. That at leasy puts it on the first pages there. Admins have listed this opportunity for all of us to take some online action here:
    http://isaacbrocksociety.ca/surveys-let-them-know-what-you-think/

  20. This was on the U.K. news a few days ago, but I don’t see it mentioned here, so I’m posting. The IRS seems to have had a big data leak of people who owe it money and Indian shakedown artists have been using it to take advantage of tax defaulters. There may be other international operations: “Thane police superintendent Mahesh Patil told BBC Hindi that the investigation could open up cases from other countries as well.”
    http://www.bbc.co.uk/news/world-asia-india-37564408

  24. Calgary: The Canadian government probably recognizes that to openly advertise the fact that some of its registered plans are not suitable for Canadians with US connections would be openly admitting that their government discriminates against its citizens of US origin.

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