Liberty and justice for all United States persons abroad

The Isaac Brock Society

Media and Blog Articles Open for Comments – Part 4 of 11 (Year 2017)

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-4-of-4)

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.   I’ll make a permanent list of links posted here and keep adding to it,  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.

Notes:

From JC:   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.

From Badger:   On an important archival note, please use the Internet Archive Wayback machine https://archive.org/web/ (see bottom right ‘Save Page Now’ box to enter URLs of webpages you want saved for posterity, and try to save backup copies of articles and other items of interest in some other form – such as a datastick or external drive. Some important and very significant webpages and the fulltexts of articles are no longer available (although some can be retrieved if someone using the Wayback machine saved 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.

2017.12.28
It’s time to address the double standard about tax havens, Angela Wrights, Macleans, Canada.
The US Is Becoming the World’s New Tax Haven, The Editors, Bloomberg View, US.
2017.12.21
Rep. Dina Titus Supports Americans Abroad Tax Reform, Democrats Abroad, US. 
Now That The GOP Tax Bill Is Approved, The IRS Gets Busy, Brian Naylor, NPR, US.
2017.12.20
Taxpayers will have to wait to find out how they fare under new legislation , Renae Merle and Aaron Gregg, Denver Post (reprint from Washington Post), US.
U.S. Shareholders –Take Action by December 31, KPMG.
2017.12.18
Have You Ever Felt Sorry for the I.R.S? Now Might Be the Time, Patricia Cohen, New York Times, US.
2017.12.12
EU finance ministers issue warning to Trump over tax reforms, RTÉ, Ireland.
2017.12.11
Banque: les consequences étonnantes de l’accord FATCA, Edouard Lederer, Les Echos, France.
2017.12.10
As Australia ousts MPs with dual citizenship, Canada’s Parliament embraces many in its ranks, Kathleen Harris, Canada. (mentions MP who “assumed his U.S. citizenship was automatically rescinded because he did not meet several requirements for continued citizenship. [But when travelling to Washington] was told he was ineligible to enter the U.S. on a Canadian passport because he was a U.S. citizen. He was . . . allowed in on a one-time basis . . . it cost him $3,000 to later sort out the administrative requirements.”)
2017.12.09
The American Diaspora: Outreach and Organization, Victoria Ferauge, The Franco-American Flophouse, Japan.
2017.12.08
Foreign-owned banks to be hit by US tax rules, Financial Times, UK.
Trump Tax Plan Worries Europe, Christian Reiermann, Der Spiegel, Germany.

For articles earlier in 2017, click here.

1,720 thoughts on “Media and Blog Articles Open for Comments – Part 4 of 11 (Year 2017)”

  2. Comments at the Stars&Stripes are going off the rail. BG Davis doesn’t realize that US citizens abroad file and pay taxes on ALL income derived in their country of residence. It looks like he might believe they file a “simple” 1040NR” to report only their US earnings. The fool! And 2492 is still playing the “exceptional American” role. He has no idea that SwissTechie did serve in the US Military and that he has renounced. Wonder if he’ll take a least a bite of crow for those taunts when SwissTechie tells him that. Sheesh!
    https://www.stripes.com/news/us/more-americans-giving-up-their-us-citizenship-1.453364

  3. FT article “Foreign passports offer little protection for China’s elite” might be worth reading. Several quotes:

    ” “It doesn’t matter if you have changed your passport because if you were a Chinese [national], they regard you as still a Chinese national,” said Kenneth Leung, an opposition member of Hong Kong’s legislative council. “When mainland interests are involved at a high level, and [there are] possible violations of the law in China, this could happen anywhere, not just in Hong Kong.”

    One western diplomat described this “deliberate blurring of ethnicity and nationality” by the Chinese authorities as “deeply troubling”.”

    ” “In the past, they thought dual nationality was not a good thing because it could encourage hidden traitors who are loyal to another sovereign,” said Donald Clarke, a professor of Chinese law at the George Washington University. “Now they are starting to think like monarchical governments of old: whether you are under our jurisdiction is for us to decide, not you.” “

  4. There was an article in the NZZ today which said that Trump wanted to make tax reform so that corporations brought back the money they have been stashing abroad. He would most likely only tax these monies for 10% instead of 35%. That doesn’t sound like getting rid of CBT for corporations to me. Then it said that USA hoped they would reinvest the money brought back to America. The problem is, they don`t know how much is already invested abroad. In addition- when they tried something like this years ago, most of the money brought back was invested in stocks, and not in industry. Also it said that the estimates of how much money would be brought back into the country is mostly wildly overestimated.
    Thats about all I can remember- read it in a café.

  5. @Innocente: thanks for posting that article. My rather idiosyncratic opinion:

    First and foremost, rich businesspeople who have a colourful history in mainland China, are connected enough to finagle an Antiguan diplomatic passport, and then decide to come back and hang around Hong Kong, know precisely what they’re getting themselves into.

    In contrast, the average HKers who, during the “go out and get a foreign passport and come right back” panic of the 1980s, couldn’t get into Canada or Australia but had a sibling in the US who could get them a family reunification green card, had no clue what they were setting themselves up for. And Kenneth Leung has done more harm to that latter group than the entire mainland Public Security Bureau combined. He spent years shilling for FATCA in LegCo committees and consultations and whatnot, and was undoubtedly quite happy when final word came down that Beijing thought we should comply (because they’d been seduced by BS promises of reciprocity). I hope no one is surprised to learn that Leung is quite literally the Member from the Compliance-Industrial Complex.)

    Anyway, there is a real issue underneath all the hysteria: mainland officials (or possibly, private bounty hunters assisted by the mainland government) coming in to Hong Kong and grabbing people on behalf of the mainland government, outside of the parameters of the Basic Law. Also the Chinese government often refuses to let detained foreign nationals meet with officials from their government.

    Why does China feel so free to deny consular protection and carry out extraordinary rendition? Well, they learned from the best that such actions result in minimal if any consequences to the rogue government undertaking them. This just in: José Medellín is still dead. And everyone’s forgotten about Sami Al-Saadi and Roman Seleznev (let alone Sidney Jaffe).

    This is not “deliberate blurring of ethnicity and nationality”. Denying consular access to a former citizen (like Xiao) or a fifth-generation Southeast Asian-American of Chinese background (e.g. Sandy Pham-Gillis) is not a claim of nationality, it’s denial of consular protection. Snatching a Swedish citizen from Thailand is not a claim of nationality either, it’s extraordinary rendition. And the insistence of Western newspapers in calling Lee Bo a British citizen, without acknowledging that native HKers with ancestors from the mainland are Chinese citizens and that there’s such a thing as the Master Nationality Rule, is just adding to the confusion.

  9. Now that I think about it: of course it’s unlikely THEY will end up in jail -> there’s more ROI on going after us because our penalties are Way more than just taxes owed ($0).

  11. @ Charl
    I think you accidentally upticked a 2492 comment over at the Stars & Stripes. It’s the one beginning …“I guess my response is have you fulfilled you responsibility to the U.S., by serving in our military?” … and ending “Come on home do your duty, and then you can return to Switzerland.”

  13. @ Charl
    Unhuh, 2492 is definitely extraordinary in the amount of American exceptionalism he spews. It’s off-putting to say the least.

  14. Just got this in an email *FATCA Alert*, but the link goes nowhere. It sounds like a very interesting article and a search of the title gives several links of publications that picked it up but lead to the Forbes article which if it ever came up, no longer does. Can anyone else get to the article?

    Attacks On Americans Abroad: Not By ISIS…By The IRS!

    It’s called the Foreign Account Tax Compliance Act – FATCA – requiring US citizens – or people such as Green Card holders, considered “US persons …

  16. Thanks, Cheryl. I can’t get it there either. Glad you were able to get to the Forbes article — must be a problem on my end (though I tried another browser and got the same). I still get…

    4-0-

    We can’t find the page you requested but please try:

    If you clicked on a headline or other link on Forbes.com you can send us an email with the URL you were trying to reach.

  18. Whoa. Article on Forbes, then taken down? Someone higher up at Forbes is putting a stop to criticism of CBT and FATCA, it seems. The fact that the article (or at least the first page of it) is cached should not cheer us; it should alarm us.

  19. @ Barbara
    It certainly is strange that Shellie Karabell’s article has gone AWOL (or 4-0-Forbes) since Robert Wood has had many CBT/FATCA articles published. Maybe someone could ask him about that. He’s pretty good at responding to comments.

  20. Perhaps that Forbes article has been pulled for correction as it contains quite a few typo’s and as onerous as Fatca is I don’t think it fits the description of ‘a kind of wealth tax’.

  25. @Barbara

    Me thinks that if FATCA’s demise is at all on the wall, T & T’s Keith Rowley will try to take all the credit for T & T’s resistance.

Comments are closed.

%d bloggers like this: