Media and Blog Articles – Part 8 of 11 (Year 2021)
You can access all years at this link: Media and Blog Articles – Links for All Year
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 often very recent articles mentioned since this list was updated.
Americans seeking to renounce their citizenship are stuck with it for now, Ed Pilkington, The Guardian, UK.2021.12.29
Tax Court Upholds Rejection of Whistleblower Claim, Tax Notes, US.
2021.12.28
Voxbank is not allowed to ‘accidentally’ close American accounts, Alfred Airaldii, Taylor Daily Press.
How the IRS Prioritizes Compliance Work on High Income Non-Filers Through National and International Enforcement, IRS, Tax Connections.
2020.12.02
Constitutional lawyer Joseph Arvay remembered as tireless defender of the underdog, Bethany Lindsay, CBC, Canada. (Mr. Arvay was lead counsel for the ADCS constitutional challenge of the FATCA IGA legislation at Federal Court (Trial Division), 2014-2019.
I agree, Robert. The French association of accidentals have been doing an amazing job and are putting governments to shame.
This is a clued in article (click on tweet to see) in regards to the failures and consequences of FATCA. Now how to get the crypto fanatics to help highlight this message.
Please retweet/like on Twitter.
https://twitter.com/JCDoubleTaxed/status/1433240204047896586?s=20
https://www.nationalreview.com/2021/09/a-new-two-pronged-attack-on-u-s-expats/?fbclid=IwAR35GHjcsUSC_D_X_j94TejTOhqHcZTrQJiQF4R30Mubp_K4D9KGLomKST4
From our friends at Tax Connections….
https://www.taxconnections.com/taxblog/h-r-2165-exit-tax-prevention-act-of-2021/?utm_source=rss&utm_medium=rss&utm_campaign=h-r-2165-exit-tax-prevention-act-of-2021
Now if only this could be applied over a wider field of influence….
Here is the latest on the Oleg Tinkov case. It looks as if he has to pay US $500 million in ransom money.
https://www.bloomberg.com/news/articles/2021-10-01/russian-billionaire-tinkov-to-pay-500-million-in-u-s-tax-fraud
FATCA is coming to the homelanders and they’re up in arms.
Biden’s Proposal to Empower I.R.S. Rattles Banks and Their Customers
To be fair, what’s proposed is far, far worse that FATCA. With FATCA it’s only year-end balance and interest/dividend income. With this, it appears to be actual transaction records. I’d say it’s safe to be up in arms about this without any accusations of hypocrisy.
With the Australian govt preparing to overhaul the country’s int’l tax treaty network, Let’s Fix the Australia/US Tax Treaty!–a Brisbane-based advocacy group headed up by Karen Alpert–is urging US expats in Oz to submit comments, by the Oct. 31 deadline… https://bit.ly/2Zgxt1D
UK FATCA court case filed, comments section on the article.
https://www.ft.com/content/77db28e8-6a09-476d-9c07-dc32813afdd5
https://americanexpatfinance.com/news/item/859-now-jenny-takes-her-fatca-case-to-uks-high-court?utm_source=sendinblue&utm_campaign=Update22402078onFATCAHMRCbreachingmyhumanrightstodataprotectionandprivacyOctober292021&utm_medium=email
“Now France-based ‘accidentals’ sue State Dept. over still-shuttered renunciation services around the globe,” AmericanExpatFinance. There’s two articles on this page — scroll to ‘AAA Covid cannot justify the blanket suspension of renunciation services.’
“Overseas Americans sue to restart citizenship renunciations,” AFP, Breitbart, US.
How on earth did this get onto Breitbart of all places? The comments are going to be an absolute delight…
Monte Silver announces:
Transition-Tax ruling sets a significant precedent, allowing future expat lawsuits against Treasury [ under RFA Regulatory Flexibility Act]
https://www.silvercolaw.com/post/transition-tax-ruling-sets-a-significant-precedent-allowing-future-expat-actions?fbclid=IwAR1loBoYtxIQR9Zm-RBMxzstXZ4XWMEmEzQ9V5l2QxD0kvGSUSzDI-ptq_c
More scare mongering from Moodys:
https://moodysprivateclient.com/president-bidens-tax-plan/
It’s interesting that on various forums the US tax compliance industry spend quite some time defending the US system of taxing their citizens abroad – unless they are profiting from them renouncing their citizenship in which case it’s “double taxation madness”.
Not sure of this is the right place for this, but I have just fired off a letter to Freedom House over this article and pointed out a few home truths about the USA when it comes to forcing other nations to help you persecute your citizens abroad, perhaps others might like to do the same.
https://freedomhouse.org/report/transnational-repression?fbclid=IwAR28mpsOe7ws44H1pLNEt2UhrHh53klwfHVYg5PIKDT_8-hOtc6SKHlgDBM
Would be interesting to know who Freedomhouse is affillated with . America ,always ,the Good. Russia and China,always,the evil.If life could be be so simple.
https://www.bbc.com/news/world-us-canada-59723343.amp
Industrial espionage from a program that was approved in the US or an unsuspecting casualty of FATCA?
“Americans seeking to renounce their citizenship are stuck with it for now”
https://www.theguardian.com/us-news/2021/dec/31/americans-seeking-renounce-citizenship-stuck
https://www.newsweek.com/americans-trying-renounce-citizenship-having-issues-processing-applications-1664752
Newsweek;
Americans Wishing to Renounce Citizenship Can’t Get U.S. to Process Applications
By Alex J. Rouhandeh On 12/31/21 at 2:32 PM EST