Liberty and justice for all United States persons abroad

The Isaac Brock Society

Media and Blog Articles Open for Comments – Part 6 of 11 (Year 2019)

You can access all years at this link: Media and Blog Articles – Links for All Years

If clicking on a link brings you to the wrong page in the comment stream, click here to get to the most recent comments.

 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.

2019.12.15
Canadians travelling to or through the US should pay attention to their withering rights, H.M. Jocelyn, CBC News, Canada.
2019.12.12
EU revives issue of FATCA information exchange as year-end deadline for banks approaches, Helen Burggraf, AmericanExpatFinance.
2019.12.10
13 Reasons Why I Committed Citizide, John Richardson, TaxConnections.
US tax filing requirements that Americans living in Canada should know, David Altro and Avi Guttman, Globe and Mail, Canada.
2019.12.07
Confirmed – Rep. Holding to leave Congress at end of 2020, after reintroducing Tax Fairness for Americans Abroad Act,  Helen Burggraf, AmericanExpatFinance.
2019.12.06
Trump is trying to make it took expensive for poor immigrants to stay, Annalisa Merrelli, Quartz, US.
2019.12.05
Revenue Neutrality And A Move To Residence-based Taxation: Open Letter To Democrats Abroad, John Richardson, Karen Alpert, Laura Snyder, TaxConnections.
What It’s Like to Retire Abroad,  Glenn Ruffenach, Wall Street Journal, US.

Earlier 2019 articles are in the  Media and Blog Articles 2019 Archive.  Links to previous years’ archives are also at that link.

2020.01.01: This thread is now closed. Please comment at Media and Blog Articles Part 7 of 7
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523 thoughts on “Media and Blog Articles Open for Comments – Part 6 of 11 (Year 2019)”

  1. Let’s see if Justice Tavish will make an “America First” on Canadian soil decision; and buckle to the assertiveness of U.S. extraterritorial law that suggests that only the U.S. is allowed to have a “Bill of Rights” and that the Canadian Charter of Rights is a lesser document, on Canadian soil!

    Will he support the U.S. imposition of U.S. FATCA law on Canada under U.S. threat of bankrupting financial penalty for Canadian banks (yet the ~24 nations which do not have a FATCA IGA have not had such threat put into reality ! ! !); and under the lie to Canada of promised reciprocity of information yet 9 years later no U.S. laws have been passed requiring U.S. banks to provide “like for like” data on Canadian accounts in the U.S., and we have heard indication from the U.S. Bankers Association that they will oppose such laws on the basis of cost to U.S. banks to implement. Broken Agreement!

    Will Justice Tavish cave into the surreal claim by the U.S. tax code under which tax residents of Canada are also tax residents of of the U.S. for tax purposes, as an underpinning of the FATCA IGA data roundup, as if Canada were the 51st state of the U.S. and the Canadian Government the “errand boy” of the U.S. Government?

  3. ‘Possible sponsor in the Senate’……who had been unaware of the bill’s existence. Shows how far there is to go. All roads lead to renunciation.

  4. John Richardson and Karen Alpert in the fray again to highlight the injustices of U.S. Citizenship-Based Double Taxation.

    Issues in Citizenship-Based Taxation in the US & Beyond: A Webinar, Monday, June 3rd at 12:00 pm BST

    This live event will look at territorial vs. citizenship-based taxation, their many advantages and disadvantages, and the myriad of challenges and questions posed by the US’s use of this type of tax system.

    John Richardson, Lawyer, Citizenship Solutions, Toronto, Canada
    Dr. Karen Alpert, Finance Lecturer, University of Queensland Business School, Australia
    Leonard Tuber, Partner, International Tax Help, Israel
    Larry Stern, Partner, International Tax Help, Israel

    https://taxlinked.net/blog/may-2019/citizenship-based-tax-webinar?fbclid=IwAR0q8qGSopaPC4HkvC2XPFXnMJwRAwXB_WGkgUB_RCc1s3dKUMdm60fZijk

  10. “………..The Canada Revenue Agency (CRA) sent more than 700,000 records to the U.S. Internal Revenue Service (IRS) in 2017 as part of a tax-information sharing deal between the two countries, said a CRA official during a roundtable discussion at the annual national conference of the Canadian arm of the Society of Trust and Estate Practitioners (STEP Canada) in Toronto on Friday. The figure is current as of April 2019……….”
    https://www.investmentexecutive.com/news/industry-news/cra-sends-more-than-700000-documents-to-irs-under-tax-info-sharing-agreement/

    Figures quoted from 2017 and not more up to date? Confusing wording; “……The figure is current as of April 2019……….” ?

  11. From the article that Badger posted a link to: “They have more problems in their own backyard that they should be more attentive to than to be chasing non-compliant U.S.-resident taxpayers in Canada.” Of course, if those were the only people they were chasing there would be no problem. (When is our issue going to be reported accurately?) This article makes the situation sound like perfectly sensible action is being taken on the part of all these governments around the world. (Why don’t the journalists get it right?!) Thanks for alerting us to this, Badger.

  12. Facebook posting by Monte Silver 2 hours ago:

    Friday afternoon in DC, heading back to Israel. Special thanks to AARO and FAWCO for organizing a packed week of meetings primarily with members of House WM and Senate Finance committees. Focus: RBT, FATCA and GILTI/965 issues

    At the highest level, two impressions:

    A. The Holding bill: I see a clear roadmap of what needs to happen to get a bill “out of the House” as they say – passed in the house. What that bill looks like “is in the works” on the Majority side on WM, based on the solid Holding/RO original. Will this happen? When? What? In today’s political environment, who knows. But we have never been closer as we have a solid bill in hand. I predict a few supportive announcements from the Hill in the next few weeks.

    B. It takes a village – quoting John R. It really does. While we do not have paid lobbyists, we have 4 key organizations and many activists who (1) regularly meet or contact the relevant people in Congress on expat matters, or (2) engage in other advocacy. While we all may use slightly different words, the core messages are the same. We must all keep this up. Things are moving.

    More time to process things on the flight home. Thx Ellen/AARO.

    The above are my impressions alone and not of anyone else.

  13. Thanks for the post, JC!! And thanks to Monte Silver for his activism and to everyone else who was working hard for us in Washington this past week.

  15. From what I understand of the CSG in France (as referenced in the article posted by Pacifica), it is currently levied at 7.5% of income. Previously the USG was not recognising it as a tax and would not allow credit for that against any U.S. taxes owed. Where would that show up, certain lower income thresholds?

    I think many countries have these types of taxes. Australia has a 2% Medicare Levy:
    Medicare gives Australian residents access to health care. It is partly funded by the Medicare levy, which is 2% of your taxable income. You pay a Medicare levy in addition to the tax you pay on your taxable income.

    The base income threshold (under which you are not liable to pay the MLS) is $AU90,000 for singles and $AU180,000 for families. However, you do not have to pay the MLS if your family income exceeds the threshold but your own income for MLS purposes was $AU21,980 or less.

  17. The recent favourable decision for Americans in France is certainly a step in the right direction. But the battle continues. Sadly, even though this particular decision is a relief for Americans in France (and can be seen, perhaps, as a crack in the armor of the almighty IRS), it is NOT the end of CBT being applied to the Accidental Americans there. We’re still waiting on that!

  18. FATCA enforcement depends on the almighty position of the U.S. dollar.

    CNN’s Fareed Zakaria says: “America’s closest allies are working hard to find ways to undermine a crucial underpinning of American global power.”
    “[T]he foreign minister of Germany . . .went to Tehran and announced that a European payment system, designed as an alternative to the [U.S.] dollar, would soon be ready.”
    https://www.youtube.com/watch?v=_3s5EPEMBmk

    Zakaria attributes the move to Trump’s abuse of the dollar’s power. As a blind American, he overlooks any FATCA connection to the abuse.

  20. JC: Re: your link to the article in the Washington Post:

    What is happening to “Carrie” just makes me sick. It’s cases like hers that prove why our movement must continue until every last “American” outside the U.S. is free of this tyranny. I’ll be referencing this article later this summer in another communication with the U.N.

  23. JC,

    Gwen (our plaintiff who is also our graphic designer/webmaster) just fixed the glitch, and her/our http://www.adcs-adsc.ca/ website is now back up.

    Almost five months now since Federal Court trial ended and we await decision.

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