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
.

523 thoughts on “Media and Blog Articles Open for Comments – Part 6 of 11 (Year 2019)”

  1. Finally, the wealth tax proposal will include enhancements to the international tax enforcement and anti-money laundering regime including the strengthening of the Foreign Account Tax Compliance Act.

  3. September 2019 Congressional Door Knock Report

    DA met a few Republicans.

    we also met in the office of these W&MC members: Rep Larson (D-CT), Rep Murphy (D-FL); Rep Walorski (R-IN), Rep Pascrell (D-NJ) and Rep Westrup (R-OH). We door-knocked 25 other W&MC members and passed our Leave Behind Pack to the legislative staff. Our meetings on the Senate side included Sen Brown (D-OH) and Sen Portman (R-OH), both serving on the Senate Finance Committee, as well as Sen Paul (R-KY), known for his determination to block reforms to U.S. tax treaties critical to our experience navigating the intersection of U.S. and residence country taxation.

    https://www.democratsabroad.org/carmelan/september_2019_congressional_door_knock_report?recruiter_id=1448&fbclid=IwAR2BGl2Lg3Gy1TylziV-SIgr9tZDJRUlNsnCTwkcokBTUD0X5OaIjPZHnm8

  4. “enhancements to the international tax enforcement and anti-money laundering regime including the strengthening of the Foreign Account Tax Compliance Act.”???
    WTF can they dream up that enhances this mess??? Jeez.

  5. “WTF can they dream up that enhances this mess???”

    Maybe they’ll quit quibbling over birthplace and just declare that every human on the planet is deemed to be a US resident for tax purposes. Seems to be the trend, anyway.

  8. As expected, the US government will extend it’s purported deadline for accounts without an SSN. And then in 2023 it will extend it again.

    Still preferable to avoid the mess entirely if you live in a country where you can open an account with ID that does not show birthplace, which makes it much simpler to deny US citizenship even if born there. The bank likely won’t care that your answer was not truthful.

  9. @Pacifica – “US won’t take immediate action against banks over FATCA info shortcomings” AS IF they will.

    The U.S has not taken action against those countries not signed up. This is an important counterpoint to those citing the risk, including the Canadian Government in the ADCS case.

    195 countries in the world.
    104 signed up to FATCA
    9 “agreement in substance
    =
    82 Nations not signed up to FATCA
    =
    82 Nations not busted by FATCA action

    ARE THESE NUMBERS CORRECT?

    https://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance_Act

  10. When I look at that list of FATCA compliant countries, it amazes me how much economic and military influence they have. Not only that but every modern electronic convenience globally ,be it cell or iphone or any other electronic gadget is linked in someway to a US multinational and its technolgy. Unless you live in a cave ,you can’t even avoid US influence in music and the arts. We are royally screwed.

    Sorry for this. The FATCA list makes one realize that no other country could have done it so quickly, so surreptitiously , and without so much as a whimper from from rest of the world.

  11. CTV News “Andrew Scheer has dual Canadian-U.S. citizenship, party confirms”

    TORONTO — Conservative Leader Andrew Scheer has dual Canadian-U.S. citizenship but is in the process of renouncing his American citizenship, a spokesperson has confirmed to CTV News.

    The Globe and Mail first reported on Scheer’s dual citizenship Thursday.

    Once Mr. Scheer became leader of the Conservative Party of Canada, he decided he would renounce his U.S. citizenship before the election,” the leader’s spokesperson Brock Harrison told CTV News in an email.

    “In August, he informed the United States government that he was renouncing his citizenship. He has submitted his paperwork and is currently waiting for confirmation from the embassy that he is no longer a dual-citizen.”

    Harrison said Scheer and his sisters received U.S. passports as children through one of their parents. He said Scheer has not renewed his American passport as an adult, and has not voted in any U.S. elections.

    …

  17. Helen Burggraf
    @helenburggraf
    ·
    Oct 5
    The European Parliament is due to hold a public hearing into FATCA “and its extra-territorial impact on EU citizens” on Nov12, the American Expat Financial News Journal understands. Such details where etc not yet available… @USAccidental
    @ExpatriationLaw
    https://bit.ly/30IPgJS

  18. Off-topic, but not sure where else to post this. “Nomad Capitalist” and offshoring consultant Andrew Henderson (an ex-US citizen) has a YouTube video out recommending compliance for pragmatic reasons. (His assumption is that his clients and audience are wealthy.) Perhaps some of you would like to have a go at him in the comments: https://www.youtube.com/watch?v=tt-bEguwcuY

  19. This is from August, so may have been posted before, and if so, apologies – but the irony is too much to pass up given the premise of US EXTRATERRITORIAL CBT, and the raising of the renunciation fee, the invention of a relinquishment fee where it never existed before, etc.;

    Those so-called ‘benefits’ of US status that those ‘abroad’ are called on to bear a share of funding extraterritorially are shrinking, first the IRS offices outside the US, now UCIS outposts;

    “……..The closure of much of the USCIS network comes less than five years after the U.S. Internal Revenue Service closed all of its overseas taxpayer-assistance centers, citing budgetary constraints. The last IRS outposts to close were those located in the London and Paris U.S. embassies, and the U.S. Consulate in Frankfurt, which were shuttered in 2015.

    Ironically, the closure of these IRS outposts coincided almost perfectly with the introduction of the Foreign Account Tax Compliance Act, a tax evasion law that has required non-U.S. financial institutions around the world to report to the U.S. on the accounts of all their American clients, and which has made life extremely complicated and in many cases hugely expensive for U.S. citizens living overseas. ”
    https://www.americanexpatfinance.com/news/item/242-uscis-to-close-most-overseas-offices

  21. JR mentioned in Maclean’s article about Sheer.

    https://www.macleans.ca/politics/andrew-scheer-canadas-first-american-prime-minister/?utm_source=nl&utm_medium=em&utm_campaign=mme_politics&sfi=458c9ab6fb05b5e81f88a243ac7f86d8

    “Hypocrisy is the new gotcha, writes Jason Markusoff, and this campaign has plenty of it to go around, the most recent example being the debate around Scheer’s dual Canada-US citizenship:

    Maclean’s spoke with John Richardson, a Toronto lawyer specializing in U.S. expatriate issues, who agrees it’s impossible that Scheer can wriggle out of his U.S. citizenship before the election (or a subsequent swearing in as Prime Minister, if he wins), unless the embassy arranges a special appointment and speedy authorization. He believes Canada’s leader shouldn’t be a dual citizen on principle, and argues there’s a particular reason American status is more problematic. That’s because unlike other countries, United States extends its laws, tax requirements and threats of penalties to citizens living abroad. “We can’t have him living subject to sanction by another country,” Richardson says.”

  25. @ BB

    How tweet for the snow birdies. Of course the USA gets Canadian earned dollars from their very presence in the no snow zone so this legislation would probably be considered acceptable to the US homelanders, the US treasury and the IRS. Why can’t Canada pass legislation though to protect ALL of its Canadian citizens with a US connection? Are all the rest just chopped liver? How absurd, should this legislation pass, that actual partial residents of the USA would be considered non-residents of the USA for tax purposes but actual non-residents of the USA would remain residents of the USA for tax purposes. I presume this does not change anything for Canadian-American snow birdies.

    As for the Trump quote … thank goodness it’s satire but it does capture his “stable genius” thought process quite accurately.

Comments are closed.

%d bloggers like this: