Liberty and justice for all United States persons abroad

The Isaac Brock Society

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.

26 May 2015:  This thread is now closed.  It continues at Media and Blog Articles Open for Comment, Part 2 of 2.

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.

Articles from earlier in 2015 are at this link

Articles from 2014 are at this link

Media and Blog Articles Open for Comment, Part 2, is at this link

Media and Blog Articles Open for Comment, Part 3, is at this link

3,971 thoughts on “Media and Blog Articles – Part 1 of 11 (to 26 May 2015)”

  4. Breaking awareness in the MSM… from NBC
    http://www.nbcnews.com/business/economy/record-number-americans-renouncing-citizenship-n27381

    @Victoria writes..
    This is a good one. It’s NBC news for one thing and the reporter look like a pretty interesting fellow. And I thought he did a fine job in a very short piece of explaining things through the quotations from the attorney he talked to.

    I looked for an email and couldn’t find one but this guy is worth contacting, I think. Perhaps he can be encouraged to dig even deeper…:-)

  6. On behalf of all Canadians, thank you for doing that interview GwEvil. Many will relate to the fear and anxiety you have around the US’s extraterritorial overreach into Canada.

    It was hard to imagine Canada selling us out wasn’t it?

  10. Virginia La Torre Jeker says that renouncing US citizenship is now “fashionable” and US donated sperm or eggs can transmit US citizenship to in vitro children (something I’ve speculated about for some time considering an in vitro child can be denied US citizenship if either aren’t: http://isaacbrocksociety.ca/2012/03/29/attention-in-vitro-americans-you-may-not-even-be-american/).

    http://taxconnections.com/taxblog/help-i-want-to-expatriate-but-they-wont-let-me-part-i/#.UvuqFHm4x1E

  12. http://oecdinsights.org/2014/02/13/fatca-fat-cats-and-tax/

    Want to tell the OECD why using the Made-in-the-US FATCA model creates the very opposite of ‘tax fairness’ – due to the underlying US assumption that:

    1. The US owns its citizens and even ex.greencard holders around the world, whereever they may actually reside, pay taxes, and be citizens of non-US countries – and aggressively asserts the right to tax and penalize them as if they are actually ‘US RESIDENTS’. Effectively creating US taxpayers out of children born and living outside the US, with NO US connection, other than one or more US status parent, and claiming children as US taxpayers for the rest of their lives – based solely on a long ago US birthplace.

    The OECD should tell the US (which BTW effectively seems to have a controlling interest and dominates the OECD) that TAXING PEOPLE for LIFE (and beyond!) based on PARENTAGE and BIRTHPLACE is NOT the INTERNATIONAL NORM!

    2. The US has created a Berlin Wall to keep those it deems to be ‘citizen-taxpayers’ inside its orbit forever – for the sole purpose of first claim on their economic output and assets – even those which originated in the tax monies of OTHER countries (think EI, maternity and disability benefits, etc.). Forcing citizens to pay 450. plus onerous and elaborate form and tax and financial asset filings for renouncing unwanted US citizenship is disproportionate and verges on abrogation of our Universal Human right to expatriate and to CHOOSE where we will award our allegiance and consent to be governed.

    3. FATCA = EXTORTION, and was imposed on the globe via the threat to their banks, financial, and even non-financial institutions. IS TAXATION and capital controls imposed via might, threats and domination a worthwhile INTERNATIONAL NORM to emulate?

    4. FATCA as a model asserts the mass automatic collection of information that also sweeps up the private data of NON-taxpayers – who had no obligation or relationship with the US – except familial – ex. joint accts with US status spouse. Will the OECD assert that it is endorsing an global standard based on FATCA – which rests on the presumption that the asset owners AND their non-taxpayer family and associates must report to what is effectively a ‘foreign’ power? And with inadequate data and privacy protections – not only for security reasons, but for human and civil rights? FATCA = DATAMINING – with no limits on how widely it can be distributed, and no recourse or notice to the actual owner of the data. And that is even though the vast majority of the accounts and assets in question will be legal, local and already mostly after-tax wages. The tax will already have been withheld at source – BEFORE the assets even reach the accounts.

    5. Recourse to the miscollection, data theft, misdistribution, and mistreatment of our asset and personal data is not spelled out under FATCA. What kind of International norm or standard ignores any useful or sufficient remedy for misuse, abuse and errors in application? Especially in an ongoing automatic data collection, and distribution attempt of this size and scope – globally? Who will injured parties appeal to? Who will assist them? What will keep some governments and tax agencies from errors and abuse of individuals? It is David vs. Goliath.

    6. FATCA operates on the presumption of guilt before innocence, of all accountholders as criminals until proven ‘tax compliant’ to the satisfaction of the US and other tax agencies. Where is due process? Is it efficient or just to choose to assume that EVERYONE is guilty, and the onus is on the individual to prove their innocence? And who will adjudicate disputes? What proof is sufficient? Who will decide on what penalties and punishment is proportionate – the US is no good model for best practices – even US tax and law professionals as well as the US Taxpayer Advocate asserts that the BSA FBAR law and penalties are confiscatory and likely unconstitutional.

  13. For those that tweet – tell the OECD why FATCA is NOT a good model for tax fairness – and why it is flawed – since based on the unjust the US system of extraterritorial tax and reporting imposed on citizenship or quasi-citizenship basis WITHOUT any effective US residency or any other US economic connection – that is NOT tax fairness and can never be recycled into a just or desirable model for global norms – particularly as imposed unilaterally via might and threats :
    Tweets needed re http://oecdinsights.org/2014/02/13/fatca-fat-cats-and-tax/
    https://twitter.com/OECD/status/433973562500972544
    OECDVerified account ‏@OECD
    FATCA, fat cats & tax: #OECD Insights cites #CoenBrothers on int’l #tax law http://bit.ly/1eWPphi Automatic exchange financial info

  15. I tweeted this: @OECD #FATCA does NOT find “Fatcat tax cheats” #CBT is a HUMAN RIGHTS VIOLATION! FATCA ruins millions of ordinary citizens abroad!

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