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)”

  1. Instead of worrying about them finding American Citizens abroad who are traveling… why don’t they worry about the americans who live in these countries who must now fess up to the US gov’t via Fatca… that’s right… ladies & gentlemen…. make it easier for the terrorists… give them a list to work with… not only is american citizenship a noose one wants to get out of… but anyone knowing u are american can get u killed… ohh… wait… didn’t homelanders say that american gov”t will keep u safe… sure… they don’t pay & if the families try to pay… they are breaking the US law

    http://www.nydailynews.com/news/national/americans-high-risk-isis-kidnappings-u-s-article-1.1971063

  5. @ Bubblebustin – thanks for the political action you are taking with your Liberral candidate; we all should take note and try to do the same.

  9. @FBAR is Wrong:
    The gap in the story is the ignorance. U.S. tax returns contain a question asking if you have one or more foreign bank accounts, and the instructions clearly say to answer “NO” if the total in all such accounts is under $10,000. If the writer has been filing U.S. returns then the writer would have encountered the question. This is not an issue with a number of Brockers who did not file U.S. returns.

  11. @Tom

    Two things:

    1. The question that you identify is on Schedule B of the 1040. The article doesn’t make clear whether her return included a Schedule B or not. (Although the article suggests some investment income which would suggest a Schedule B should have been filed.) But either way:

    2. The real problem is the question itself. To ask about a “foreign bank account” would NOT necessarily be understood to mean a bank account outside the United States. Many people interpret “foreign” to mean a country outside their country of residence. So, this might mean either an account in the U.S. or an account in a country other than Italy. Maybe she should filed an FBAR listing her U.S. dollar account.

    3. Knowlege of the existence of an FBAR is not the same as knowledge of a requirement to file it (particularly since it is NOT part of the 1040, it not part of Title 26, is part of Title 31 and is not filed with the IRS).

    In any case, it is very common for people to have filed U.S. tax returns and not filed FBARs.

  12. @ JC
    I gave your G&M comment a thumbs UP and now I’m heading into a second evening of L-tryptophan bliss (we cook our bird on the eve of Canadian Thanksgiving Day and really enjoy leftovers). Thank you for all of your top-notch comments.

  13. @LM

    Thank you. I wish I felt more encouraged that Justin and the Liberals will come out clearly on our side, and less cheerleaders for the Democrats.

  14. @ Bubblebustin
    Has JT made a coherent and properly informed statement about the FATCA IGA yet? I still remember (with search engine help) his pre-IGA implementation Okotoks stumble. I don’t follow him so I have to rely on catching something here on Brock.

    calgary411 wrote:

    From the back of the room I did ask Mr. Trudeau a very important question during his short Q&A,

    “What will you and the Liberals do regarding FATCA when Parliament resumes and gets down to the business of running this country?”

    He acknowledged the question and then said something like, “…for you in the audience who don’t know what FATCA is, it is about people who have made income in the United States…” then went into a comparison, talking about something else entirely.

  15. I saw this on TV, it was made by Parks Canada, and later found it on youtube. I suggested to Pacifica to maybe post the link so people can know who Isaac Brock was. I learned much today on Thanksgiving, I thank Isaac for setting the tone of the defense of Canada against USA!

  16. Tired of commenting on someone else’s article? Write your own and spread your own link to your own work.
    The first articles have garnered lots of hits! Generate some more and spread the anti-fatca word.

    Spread the word
    Post your anti #FATCA #FBAR #CBT article here!
    bit.ly/1w0Ky6U

  20. @ LM
    The kijiji ad got posted today (first attempt failed but then he tried a different e-mail and the deed was done). It has 6 views so far — not ours (we think) because we are trying to refrain from peeking to get a better idea of how it’s going. When you access via your e-mail it doesn’t seem to add a view that way — just a theory so far.

  22. @EmBee – Great news!!! Nice to know the word is being spread!!!!! Were you able to post in more than one Kijiji city in the province? One can see how many visitors have been by for each ad one places by clicking “My Kijiji” up at the top right of any Kijiji page (if you have signed in). At this point the Ontario ads have drawn 126 visits. I’ll probably repost in a week.
    Anyone else out there willing to post a few “US Person – – you need to know more about FATCA” ads on Kijiji in BC, Manitoba, Quebec, Yukon or the maritimes provinces? Is there something similar to this over in other countries?

  23. Article about how foreign countries want American retirees. I chipped in with the sobering insight that to live abroad Americans probably have to renounce. Worth while others sending the same message.

    http://money.cnn.com/2014/10/14/retirement/retire-abroad-benefits/index.html

    As many US citizens are finding out, you likely have to renounce your citizenship if you want to live abroad. The US has become vindictive in it treatment of anything foreign. They make you file informational forms that carry hefty penalties if you don’t know about them ($10,000 / year / account). The burden and risks to banks and other financial institutions are so great that they likely won’t let you have foreign accounts. It may cost you several thousand dollars to file your taxes with no guarantee that the accountant will get all the forms right leaving you with fines.

  24. It’s easy to overlook these things, Neill, but there was a link in the article “four questions to ask before retiring overseas”. The fourth was taxes:

    “How much will you owe in taxes? Moving abroad doesn’t mean you can escape Uncle Sam.
    You’ll still have to pay any U.S. taxes you would typically owe on your retirement income and investments. Depending on where you move, you could also owe local taxes.
    Even if you don’t owe anything, you’ll still have to submit your annual returns with the IRS.
    These returns can be “incredibly complicated,” forcing many expats to spend thousands of dollars on accounting services each year, said John Flint, a Paris resident and the former president for the Association of Americans Resident Overseas.”

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