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. @Fred (B) considering where both of us actually live…..we must be the dumbest “tax evaders” on the planet. Lousy weather and high local taxes is all we got out of the deal. I guess we both missed the lecture on what being offshore was supposed to be.

  4. Now here’s an interesting one: a US immigration lawyer publicly and non-anonymously advising a US-born Canadian not to enter the US tax system
    http://www.justanswer.com/immigration-law/aa8mg-born-seattle-1956-canadian-citizens.html

    And on a different note, Homelander thinks that permanent residents in the US should be forced to naturalise as US citizens after a certain period of time. Multiple commenters point out the existence of citizenship-based taxation to him, which only strengthens his view that permanent residents are getting away with something and being selfish by not becoming citizens.
    https://www.reddit.com/r/changemyview/comments/5z7d7o/cmv_a_path_to_citizenship_should_be_required_for/devyhe2/

  6. Now here’s an interesting one: a US immigration lawyer publicly and non-anonymously advising a US-born Canadian not to enter the US tax system
    http://www.justanswer.com/immigration-law/aa8mg-born-seattle-1956-canadian-citizens.html

    That lawyer’s advice is all over the map, and not necessarily correct. But what I found interesting is this comment:

    In reality the IRS would not have any records of you since you never filed a return, you should renounce your citizenship, and if you are ever sent a letter from the IRS, apply for a reasonable cause exemption and it would be granted, as you never lived or worked in the US, and declared Canadian citizenship.

  7. Apologies if this has already been posted, I found the link and description at the American Expatriates facebook site, posted by Keith Redmond https://www.facebook.com/groups/AmericanExpatriates/permalink/754026314763443/:

    Petition No 1088/2016 by Mr J.R. (French) on the US’ Foreign Account Tax Compliance Act’s (FATCA) alleged infringement of EU rights and the extraterritorial effects of US laws in the EU
    Petition treated as confidential 145 Supporters – Status: Available to supporters

    Petition data

    Summary title: Petition No 1088/2016 by Mr J.R. (French) on the US’ Foreign Account Tax Compliance Act’s (FATCA) alleged infringement of EU rights and the extraterritorial effects of US laws in the EU

    Petition number: 1088/2016

    Topics: Taxation

    Country: European Union

    Name of association: Collective of European citizens who are either “accidental Americans” or dual European / US citizens

    Petitioner data

    Name: J. R.

    https://petiport.secure.europarl.europa.eu/petitions/en/petition/content/1088%252F2016/html/Petition%2Bre.%2B%2528i%2529%2Bthe%2Binfringement%2Bof%2BEU%2Brights%2Bfrom%2BFATCA%2Band%2B%2528ii%2529%2Bthe%2Bextraterritorial%2Beffect%2Bof%2BUS%2Blaws%2Binside%2Bthe%2BEU

  8. The twitter #fatca Wednesday rally is going great today. I’m tipping my hat to these tweeters (so far):
    Dorian Baxter
    OKTC
    Fedup US Expatriate
    Patricia Moon
    Mark Fitzpatrick
    CrossBrit
    Sean Miller
    JC Double Taxed
    Keith Redmond
    Reg Callaway
    Repeal FATCA
    Fix the Tax Treaty
    U.S. Expat Canada
    wisecroneknows
    Nigel Green
    THANKS EVERYONE!

    NOTE: Nigel Green has an update on the anti-FATCA lobby effort going on in Washington.
    http://www.internationalinvestment.net/other/nigel-green-fight-repeal-fatca/
    It’s not just HIS fight. There are a lot of people in this fight, playing their own parts, each according to their particular talents. I like to think of Brock as the nucleus of the snowball which is rolling down the hill, gaining mass and momentum every day.

  10. EmBee: Thanks for posting Nigel Green’s update as well as the weekly Twitter news. I’m not a tweeter but I’m sure grateful for those who are. THANK YOU! 🙂

  11. It is great that Nigel Green et al. are pushing FATCA repeal.
    I am curious regarding their motivations and financing. Is there a deep pocketed group of people who are pushing for repeal?
    I am also curious about the actual chances of this being in the tax reform bill.

  12. Badger: thank you for the info. I have just registered with the European Parliament and then registered as a supporter of that petition, adding my comment too. I encourage other EU citizens to do so now.

  15. High profile Elizabeth Thompson CBC story on FBAR fines– clarity is muddied to some extent by this person living in California during part of the time in question. The author very astutely points out the impact FATCA is set to have in Canada as so-called “US persons” living in Canada (Canadians!) will be set up for similar FBAR fines. For me, again, hiding in plain site and denial of my American heritage seem like the prudent path.

    http://www.cbc.ca/beta/news/politics/taxation-canada-u-s-irs-1.4025880

  17. Global’s Patrick Cain has picked up the FBAR story:

    U.S. sues Vancouver dual citizen for over $1M for not reporting accounts

    “To my knowledge, this is one of the first actions of enforcement of FBAR penalties against a Canadian-resident U.S. citizen,” says Max Reed, a Vancouver-based cross-border tax lawyer.”

    http://globalnews.ca/news/3309306/u-s-sues-vancouver-dual-citizen-for-over-1m-for-not-reporting-accounts/?utm_source=GlobalNews&utm_medium=Facebook

  18. “Bubblebustin says
    March 16, 2017 at 11:59 am
    From Alexander Marino:

    Canada: Renouncing Your US Citizenship: Is Divorcing Uncle Sam Right For You?

    “…more and more U.S. citizens living abroad are looking for a way out; and who could blame them?””

    @Bubblebustin– I don’t know any Canadians with USC locally (BC Interior) who aren’t talking about jettisoning their USC– if they haven’t already. I helped my next door neighbour (a fellow MD) relinquish her USC two years ago. A couple of mutual friends of ours (a retired MD plus spouse) are preparing to renounce. Another colleague who is here as a permanent resident is counting the days until he qualifies for Canadian citizenship– he plans on relinquishing via his Canadian citizenship ceremony. I work with several nurses who are “duals”– like me, they are hiding in plain sight and denying any US taint.

    Twenty-plus years ago when I registered my eldest’s birth “abroad” at the US consulate, the US passport seemed like a great idea. Now for most of us, that US claim is all just one big liability.

  22. Many thanks to Nigel Green for his fabulous article at “The Hill”! Let’s hope Congress takes Nigel’s words to heart.

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