Media and Blog Articles – Part 1 of 11 (to 26 May 2015)
You can access all years at this link:
http://isaacbrocksociety.ca/media-and-blog-articles-links-for-all-years/
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. You could mention such articles in the comment stream for this page, or if I see one on another thread, I can copy the link to here. I’ll keep adding to the list, but not deleting, so we’ll end up having sort of a “bibliography” too. [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.
Note also: JC suggests 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.
2015.05.26
New Survey finds US expat voting could impact 2016 Presidential Election, Greenback Expat Tax Services, NASDAQ GlobeNewswire.
This congressional committee wants to hear all your FOIA gripes, Colby Itkowitz, Washington Post, US.
The black money recovery skills of IT department are nothing to write home about, Vivek Kaul, The Daily Reckoning.
2015.05.25
The Intersection of US Federal Tax Law with Collection of International Information- – Including Other Federal Agencies, Patrick W. Martin, TaxExpatriaation, US.
2015.05.23
America the not so brave: America has led the global assault on tax dodgers and their enablers. But the reality still lags behind the rhetoric, The Economist, UK.
Cash Banned from Chase Safe Deposit Boxes, Matt Chilliak, Live and Invest News.
2015.05.22
US Steuergesetz hat unerwartete globale Konsequenzen, Colleen Graffy, Geopolitical Information Service. Also at Consequences of US widening net to catch tax dodgers, Colleen Graffy, World Review.
The horse may have bolted … but, Angelo Venardos, Asia Asset Management.
Important Correction: Passports Required to Enter and Leave US — but SSNs May be Optional, Patrick W. Martin, Tax Expatriation, US.
2015.05.21
Americans working abroad face unexpected financial issues, Sarah O’Brien, NBC, US.
Senate tax reform groups get more time, Bernie Becker, The Hill, US.
2015.05.20
Malaysia will defer FATCA reporting, FSI Tax Posts.
America’s Self-Inflicted Wound, Moises Naim, The Atlantic, US.
Janice Mays: The Tax Guru Who Guides House Democrats, Alex Brown, National Journal, US.
Sen. Rand Paul Launches Filibuster in Protest of Patriot Act Renewal, C-SPAN, US.
@OhNO (and All) – AMAZING! Serious help from the homeland! This definitely is to be watched! Didn’t notice an email address where we could write to him, plying him with lots of supportive data; anyone notice such a link/address? Thanks so much for posting the article about Mr. Bopp (what a name for a lawye!!!!!) – – it has brightened the day!
http://www2.canada.com/theprovince/news/money/story.html?id=60e05c67-9248-4677-8e0d-3f809a423822
From today’s “Province” here in beautiful BC. First page of the business section. Looks like some good traction building on the story/issues in the mainstream media.
@BC Doc, thanks for that. Just thinking……I think there are probably many Canadian Citizens that do not consider themselves “dual” who are going to have an OMG moment in the comfy chair when they find out the USA considers them US Citizens.
So when I see articles refer to Duals I think many affected ignore it as not applicable.
For those who haven’t got time to listen to the Sovereign Man’s complete presentation re: How to destroy your financial system — skip to the FATCA part at the 28 minute mark.
Interesting article:
http://www.valuewalk.com/2014/05/currency-controls-america-july-1/
JPMorgan closing accounts of foreign diplomats in U.S.: FT:
http://www.reuters.com/article/2014/05/06/us-jpmorgan-chase-diplomats-idUSBREA4514U20140506
FT: “JPMorgan said it was closing the Chase accounts and stopping the credit cards of all current and former non-US senior government officials because of increased compliance costs. Banks are obliged to subject the accounts of such “politically exposed persons” to added scrutiny. The ban affects 3,500 accounts.”
Financial Post: “When a tax-free savings account isn’t tax free”
See the last paragraph:
http://business.financialpost.com/2014/05/06/when-a-tax-free-savings-account-isnt-tax-free/
@ Innocente (RE the JP Morgan closing accounts) – – OH DEAR, THE WORM IS TURNING – – AND IT AIN”T GOING TO BE PRETTY!!!!!!!!!!!
Re: “JPMorgan closing accounts of foreign diplomats in U.S.: FT:”
That’s really going to motivate foreign governments to stop the closure of American bank accounts in their respective countries.
How stupid. They might as well expulse those diplomats.
Is the US preparing for war?
Robert Wood’s latest at Forbes: http://www.forbes.com/sites/robertwood/2014/05/07/mr-putin-tear-down-that-fatca/
Also Steven Mopsick’s latest: http://mopsicktaxlaw.blogspot.co.uk/2014/05/another-fatca-delay-good-for-banks-but.html
@EM @All
I listened to the Sovereign Man’s presentation. What do you all think about his theories re: “Uncle Sam is practically begging the rest of the world to create an alternative banking system that doesn’t depend on Wall Street or the US government. And this alternative system is already forming.
More and more nations are starting to engage in currency swap arrangements, and banks around the world are setting up their own network of interbank accounts.”
I do not have the knowledge base to understand if this is an “out there” theory or a true development. It is important to me to really understand what FATCA means globally rather than just to us affected minnows. No one cares about us but when commenting, I am trying to make it about affecting them but I don’t really understand the big picture. I get how it is being used politically against Russia and how all countries should be concerned. What might China et al be up to? Could the US dollar no longer be the reserve currency and what does the world look like then? I think if framed this way the homelanders might wake up but I don’t want to sound like I am an “out there” alarmist, conspiracy theory loony bird. (I thought my head hurt when I found out about all of this, now it is starting to explode). If the Republicans Abroad lose their case we are all, meaning the world, totally scuppered. If someone could just tell me I am over reacting I would be VERY happy. Duke of Devon…where are you? I am in need of your Buddha juice.
New Forbes article: http://www.forbes.com/sites/joeharpaz/2014/05/09/financial-firms-get-fatca-reprieve/
Some of the comments here are real doozies:
http://www.bloomberg.com/news/2014-05-11/brynner-s-tax-spat-augurs-rush-to-give-up-u-s-passports.html
@Bubblebustin…..
The comments busted my bubble…..
I repeat, I am done, finished, I have had it with homelanders, I have had it wiith US politicians.
I never want to step foot there again. Today, I saw pork in the market from the USA and I would not buy it.
@George
I don’t blame you or anyone else for feeling that way. These people don’t even have the sense to know that they’re shooting themselves in the foot. Some have only responded to the headline. I’ve always felt that being allowed to comment should be contingent on correctly answering a few questions that prove you’ve actually read the article…
Could Boris Johnson be UK PM and then US president?
http://www.bbc.co.uk/news/blogs-magazine-monitor-27371673
I wonder if Boris Johnson has filed his US taxes and will have banking difficulties in the UK.
Does his FBAR contains all city of London accounts he is signature on?
@ bubblebustin
RE: http://www.bloomberg.com/news/2014-05-11/brynner-s-tax-spat-augurs-rush-to-give-up-u-s-passports.html
Great attempt by you and other Brockers to inculcate the impenetrable “brains” on that Bloomberg article but commenter Donald Flack came up with a doozy that KalC would appreciate.
“I don’t eat at McDonalds and walk across the street to Burger King to pay.”
It’s just that simple, isn’t it. That’s RBT vs. CBT in one plain burger bun (no sesame seeds added). Love it! 🙂
Here’s Donald Flack’s whole comment:
Nothing is going to change because a few American’s have a problem filing taxes. I personally believe that making citizenship the determining filing requirement is rediculous. There are probably more Americans living in Canada, with a much higher tax burden than the U.S. that are required to file with the tax liability being nil but the filing cost being $500 for nothing. If the citizen isn’t living in the country or using the benefits of such why on earth should they pay for it? Individuals should pay tax were they reside and use those services. I don’t eat at McDonalds and walk across the street to Burger King to pay. Just my 2 cents as neither an American resident or citizen.
“I don’t eat at McDonalds and walk across the street to Burger King to pay.”
Great quote, but I would change it to read:
“I don’t eat at McDonalds and swim across 3,000 miles of ocean to Burger King to pay.”
An interesting May 13 article from the NYT found at Opinio Juris (a forum for informed discussion and lively debate about international law and international relations). IBS knows the story well but glad to see it’s getting play in the homeland and elsewhere:
http://opiniojuris.org/2012/05/11/more-from-nyt-on-us-overseas-tax-reach-will-fatca-fly-maybe/
Whoooooops, sorry, that NYT article was posted May 11, 2012.
The newer one (May 12, 2014) is at:
http://opiniojuris.org/2014/05/12/fatca-need-anti-passport/
Hi I didn’t know where to post this so I will post it here. I was looking for the Credit Union’s speech to the finance committee it has not yet been posted on the CU central web page but I did find something very interesting. There is an upcoming conference in Toronto on the “Canadian Responsible Investment Conference 2014” at the Hyatt Regency in Toronto from May 26th – May 28th.
This conference intends to talk about human rights and investment. I wonder if any of the speakers will be addressing PFIC’s including Registered disability funds and FUBARS and US taxation?? It seems too good an opportunity to miss and pass out info???? How about their responsibility as financial planner to warn their clients about PFIC’s and FUBAR? Chrystia Freeland, MP for Toronto Centre will be speaking.
http://www.cucentral.ca/CUSR/Blog/Lists/Posts/Post.aspx?ID=286
Opportunity for credit unions to participate in Canadian Responsible Investment Conference 2014
by Kate MartinNo presence information on 4/7/2014 10:13 AM
Category: General
Guest Post from the Responsible Investment Association
The Responsible Investment Association (RIA), formerly the Social Investment Organization, is reaching out to the credit union system to encourage credit unions to participate in the Canadian Responsible Investment Conference at the Hyatt Regency in Toronto from May 26 to May 28. Read on to find out more, and why your credit union should consider attending.
More than 350 delegates will gather in Toronto in May for Canada’s premier event for responsible investment professionals. The Responsible Investment Association (RIA), formerly the SIO, will host the Canadian Responsible Investment Conference 2014 at the Hyatt Regency in Toronto from May 26th – May 28th.
Delegates will include investment advisors and specialists, credit unions and other financial institutions, mutual fund companies, investment management and research firms, impact investors, pension funds, charitable foundations and others.
The conference offers a great opportunity to network with other leaders in Responsible Investment (RI) and to learn about the latest issues, trends and developments in the field.
Workshops will teach the fundamentals of RI, debunk the performance myths, and delve into issues such as climate change and supply chain management. Plenary sessions will feature thought leaders in responsible investment and corporate sustainability addressing the most critical issues of our time.
Keynote speakers include Chrystia Freeland, MP for Toronto Centre and best-selling author of “Plutocrats: The Rise of the new Global Super-Rich and the Fall of Everyone Else’, Cary Krosinsky, Executive Director and co-founder of the Carbon Tracker Initiative, Bob Chant, Senior VP of Corporate Affairs at Loblaw Companies and many more.
Desjardins, Canada’s largest financial cooperative, will reveal the strategies that it has utilized to grow its RI assets to over $1 billion. Gail Taylor, one of Canada’s most successful RI advisors will describe the process that has helped her build a strong investment advisory practice. And NEI Investments will present its latest investor survey results.
Human rights, climate change risk, and corporate corruption are just some of the critical challenges to be discussed candidly through the lens of responsible investment at the conference.
Early-bird registration for the conference is available until May 1st, 2014. You can take a sneak peak at this year’s agenda here. The 2014 Canadian Responsible Investment Conference is an event you do not want to miss.
The conference materials for the above post indicate that there will be a talk on internet privacy issues, as well some of the mutual fund big wigs from AGF, RBC etc will be there as well as 350 delegates from Canada and around the world. Too bad it costs almost $900 to attend. It would be an excellent venue to talk over the implications of FATCA and FUBAR
Mark Nestmann, May 13, 2014: “Is the IRS Rescheduling the Death of the Dollar? “