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.
2020.01.01: This thread is now closed. Please comment at Media and Blog Articles Part 7 of 7
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“Pretty funny. If one were to, say, post a comment at Tax Connections explaining to an Accidental that they should not enter the US tax system and the IRS is powerless to touch them, the comment will appear for a few hours and then disappear. Which suggests some entertaining editorial disagreements with the moderators.”
Not necessarily. Pruning comments probably isn’t a matter of urgency on any site. “A few hours” sounds about right.
In any event, does it matter? Most US citizens living outside the US probably have made their choice by now — or are serenely carrying on, oblivious to US citizenship-based taxation or not bothered by it.
The ones who haven’t yet heard of FATCA, likely will never hear the scare-stories either.
Meanwhile, it’s election time in America once again, and (some) Americans living outside America are anxious to argue that “9 million” patriotic American expats are being cruelly punished by the IRS.
The fact that it’s not actually true is probably not interesting to those who want to believe that it is.
Plaxy…Why don’t you just go away? I know many here would really like it if you did. I know I would. In fact one of the reason I stopped posting here much was your inevitable response. Please, go away.
@Mike
Please follow up on your own suggestion .I am not much of a contributor and neithet are you. You haven’t contribute that much to IBS . Kindly stifle it.
@RobertRoss, you say “maybe IBS should have John Richardson here to cool USCA’s heels”.
You are suggesting that USCA should stop with the anti plaxy diatribes and be more like JR. But everyone has a nasty streak. Maybe even JR.
@RobertRoss. You bring up an interesting point though which is that John Richardson comments at a lot of sites but never at Brock. I wonder why that is.
@ Gobsmacked
I am sure that JR may at times,like most , has a mean streak ,he doesn’t walk on walk after all. Looking at the overall picture and trying not to be partisan , I find that the ones pounced on ,of late,
have over time contributed the most insight. Also, everyone who contributes here regularly has a set point of view.,myself included ,and redundacy is inevitable.
I may be wrong buf I wonder if plaxy is JR’s nom de plume JR being in the “business” and having connection due south would be in an ackward position to say that IRS tax is not enforceable. Then again,since I am not JR , I can only suppose.
We need something substantive to comment on, or it’s going to rapidly turn silly.
Tax Connections posts typically take several hours to appear, so they go through moderation. When a comment appears for a time then disappears later in the day, it suggests that the folks running the blog are not united in what constitutes acceptable commentary. Apparently “you don’t actually need to be filing US tax returns because the IRS can’t touch you” is no longer okay. I’m surprised they let the last few in.
I am pleased to see that John Richardson (hi there!) has started to add the “tax-compliant” qualifier when he talks about the problems faced by non-resident US citizens. That is a small but important change.
“you don’t actually need to be filing US tax returns because the IRS can’t touch you”
IMO, there’s another reason that (many) US citizens living outside the US don’t need to file US tax returns: if they have no need to claim foreign tax credits either from the US or the residence country.
For instance, if they’re receiving only income for which the residence country has taxing rights.
@RobertRoss, JR and Plaxy one and the same? Interesting thought. Why do you suppose USCA is so vehemently opposed to the views of JR(aka Plaxy presuming you are correct)?
However, IMO neither “the IRS can’t touch you” or “you don’t owe US tax” is likely to persuade someone unless they’re already questioning whether it’s really necessary to file US returns. If what they really want or need is a change in US law, it’s understandable that they may not want to hear about the not-filing option.
For an accidental or anyone who has flown the coop many moons ago , the “IRS can’t touch you”
resonates very well . Those folks are not interested in holding their breath til the US changes their laws. They either renounce and forgo the rest or if they can do it simply ignore it. However, if you have some sort of hook holding you to US citzenship, you should be clealy informed of that fact because the decision of whether to pay US taxes becomes more of a voluntary nature rather than a fear- driven involunary one ,as one perceives it.And I doubt any tax lawyer ,evenJR, is about to tell you that your taxes are uncollectable.
@Godsmacked
I was only saying thst JR’s recurring message to renounce,renounce,renounce sounds quite a bit like plaxy. As for USCA , I don’t have an answer nor care enough to provide one. Anyway, manners do matter..
No matter the situation – US financial ties or no, multiple citizenships or no – individuals should have full information before making decisions about whether to attempt US tax compliance, or to cease US tax compliance, or to renounce. There are important pieces of information like “the IRS can’t touch you” and “compliance is not necessary to renounce” that may be very helpful to some individuals (but not others) that they likely won’t hear from the compliance industry. So our purpose should be to make certain that such information is available to them.
“Treasury Pressed to Fix Tax Mistake That May Push R&D Offshore (Corrected)”
https://news.bloombergtax.com/daily-tax-report/treasury-pressed-to-fix-tax-mistake-that-may-push-r-d-offshore-corrected
“@Mike
Please follow up on your own suggestion .I am not much of a contributor and neithet are you. You haven’t contribute that much to IBS . Kindly stifle it.”
I pretty much have already Robert, Plaxy jumping on every post made here to try and entice people into playing her games being part of the reason.
But hey, I’m perfectly happy to oblige.
Snicker…
https://www.taxconnections.com/taxblog/how-to-file-u-s-tax-returns-in-canada/#comment-17719
Lol
Snuck another one through. Would be grand if one of these clowns ever responded.
https://www.taxconnections.com/taxblog/u-s-taxes-on-foreign-income-who-should-file-a-u-s-expatriate-tax-return/#comment-17721
The US as a tax haven, notes lack of FATCA reciprocity and refusal to participate in the CRS;
https://politicsofpoverty.oxfamamerica.org/2019/03/the-eu-should-blacklist-the-us-as-a-tax-haven/
Nonomymous
I’ve managed to post a comment as well!
IRS seeing difficulties with FATCA reporting
Michael Cohn April 01 2019
https://www.accountingtoday.com/news/irs-seeing-difficulties-with-fatca-reporting-data
A laugh a day keeps the doctor away.
https://www.theatlantic.com/magazine/archive/2019/04/why-americans-dont-cheat-on-their-taxes/583222/
“Hearing On Withholding Under FATCA Set For April 10”
https://www.law360.com/tax-authority/articles/1136401/hearing-on-withholding-under-fatca-set-for-april-10
Paywall. Perhaps to do with the recent changes with regard to gross-proceeds withholding and/or pass-through withholding.
Yes.
https://www.govinfo.gov/content/pkg/FR-2019-03-08/pdf/2019-04164.pdf