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)”

  1. GREAT news from Norquist. If only the important and powerful voices against CBT arose and multiplied…. and they could finally hear not only the injustice but also the detriment for business! And it really is true that the IRS would probably save just about as much money if they didn’t have to go hunting down expats as they take in with FATCA.

  4. Canada’s foreign affairs minister echoed that assessment Tuesday, vowing her country will make a “substantial investment” in its own military as the U.S. gives up its international leadership role

    “The fact that our friend and ally has come to question the very worth of its mantle of global leadership puts in sharper focus for the rest of us to set our own clear and sovereign course,” Chrystia Freeland told the House of Commons on Tuesday. “To say this is not controversial: It is a fact”

  5. Re WSJ article (http://isaacbrocksociety.ca/media-and-blog-articles-open-for-comments-part-4-of-4/comment-page-32/#comment-7899622) – there’s a WSJ podcast episode with an interview with the article’s author, Laura Saunders. Details:
    The IRS has new tools to find secret accounts held overseas by Americans. And the Wall Street Journal’s Laura Saunders says tax evaders who’ve intentionally hidden money offshore from Uncle Sam are receiving harsher penalties, including prison time.

    * Duration: 7:49

    * Published: 3/6/17 3:02:07 am

    * Episode Download Link (4 MB): http://feeds.wsjonline.com/~r/wsj/podcast_your_money_matters/~5/RwgSzw1hL1c/WSJ2969316148.mp3

    * Episode Feed: WSJ Your Money Matters – http://feeds.wsjonline.com/wsj/podcast_your_money_matters

  6. Norquist’ letter is welcome, but it would have been nice had he mentioned the compliance costs for those individuals who don’t have them covered by their employer (the vast majority of American’s living abroad).

    In an era of protectionism, I’d hate for US lawmakers to only provide RBT to those employees who work for US companies abroad…

  8. also a thought—- sometimes I saw that America felt justified in taxing expats because of all the “services” they provided- and foremost their protection. If America withdraws as a world leader, I feel that it could be a boost for RBT because it is like those services are no longer provided and therefore should not be taxed.

  9. Indeed it’s harder to justify taxing citizens abroad when the country is retreating within its borders and putting up walls.

  12. Today on CBC radio’s “The Current, author Naomi Klein is outed (and outs herself) as a dual citizen.
    Main link:
    http://www.cbc.ca/radio/thecurrent/the-current-for-june-12-2017-1.4153892/corporate-coup-naomi-klein-says-trump-s-goal-is-to-make-the-rich-richer-1.4153956

    Listen from 01:44 to 02:05 on the audio link
    http://www.cbc.ca/radio/popup/audio/listen.html?autoPlay=true&mediaIds=965402179844

    She mentions the family is self-congratulatory for moving to avoid Vietnam. No mention if Naomi’s happy after all these decades to still be a tax subject.

  15. That’s pretty good JC – the IRS in their zealousness blow it! Kind of reminds me of when my son was accused of speeding and went to court to listen to the police officer tell the judge what speed my son was driving, only to be asked by the judge what the posted speed limit was. The police officer didn’t know, so the case was thrown out.

    Bet that officer never made the same mistake again.

  16. Just got this email from DAB.

    “Today’s the day to join the June 15 Democrats Abroad Congressional Call Storm for Residency Based Taxation. Make sure your voice is heard so that Americans abroad like you need to pay tax on income generated in their country of residence ONLY in their country of residence. The United States and Eritrea are the only two countries who retain “Citizenship-Based Taxation” systems. Let’s make that just Eritrea.”

    Links to: https://d3n8a8pro7vhmx.cloudfront.net/democratsabroad/pages/4683/attachments/original/1496739236/RBT_Campaign_In_A_Box.pdf?1496739236

  17. First time I’ve seen something this forceful from DA. Perhaps feeling the heat from members and the competition. Very heartening in any case. Note that a switch to RBT would allow them to save FATCA, which would then become a homelander problem.

  19. They need some kind of simpler system. Did my taxes recently. My options aren’t good because I live very far from any qualified tax people and don’t want to faff about sending things over the internet to distant people. I used to earn good money doing complex things with spreadsheets when that was still possible, am reasonably numerate, and have a fast typing speed. Even with all that, it took me a few stressful days of crunching figures, all to reveal yet again that I owe no tax to the U.S. government. Complete waste of time all around.

  20. Wonderful to see Democrats Abroad’s call for action on a switch to RBT! It will be especially good for Democratic Senators & Representatives to be getting an earful on this.

  21. Grover Norquist and Dems Abroad on the same page? What’s next, President Trump?
    We should really spread the word to POTUS that CBT is OBAMA’s work and must be undone.

  22. @Fred B: Actually, all we need to do is put the truth in front of Trump’s face. Maybe if we tweet hard enough that FATCA was Obama’s deal and that he expressed pride in its accomplishment, Trump might pay attention and issue an executive order to cancel it.

  24. @Barbara – indeed for FATCA. But I was thinking if Trump could miraculously go after CBT too… Nevertheless we should start tweeting about Obama’s FATCA to Trump. Does he read tweets or just write them?
    Anyway it’s sort of a strange mood right now. Hopes up about RBT with the Norquist-Dems Abroad consensus. Sort of deflates the problem with FATCA. Yet in truth FATCA is still bad, and perhaps more easily undone than CBT. But then again FATCA with RBT no longer concerns us. Also the problem of what kind of RBT… Oh well, many years more on IBS I guess.

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