Monthly Archives: February 2012

We received the following comment from 30 Year IRS Vet:

This web site is a wonderful opportunity for people to vent about the new IRS initiative to focus on offshore compliance. I would guess that most people fall into one of two categories: those who are “off the grid” and do not file nor do they have any intention of becoming compliant with their US federal tax obligations and those who are sincerely attempting to figure this all out and determine what to do and then make a good faith effort to comply.

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I thought it would interesting to post a link to DFAIT (Canada’s ministry of Foreign Affairs) info section on dual nationality.

http://www.voyage.gc.ca/publications/dual-citizenship_double-citoyennete-eng

Some interesting points they make:

You are a dual citizen if you are recognized by more than one country as a citizen. In some cases, you may not be aware that you are a citizen of another country. Dual, or multiple, citizenship may occur by choice or default and result from:

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I found this site the other day and I thought it was very interesting. We know that the American Diaspora stands at about 6 million right now but what will it look like in the future?

This fellow and his organization (Americawave) think it will grow. He’s done some interesting studies with MPI (Migration Policy Institute). Here are some of his results: Relocation Statistics. He also produced this video that he posted on Youtube:

On his site there is also an article he wrote for Barron’s entitled The Great Escape. It’s less about sheer numbers and more about the kind of person who is considering relocating: young, educated, just starting a career, the adventurers and entrepreneurial types.

I had an email exchange with him and asked him about the impact of citizenship-based taxation on this group of potential migrants and he replied that he didn’t think anything was going to stop these young folks from heading out into the world. I think he’s absolutely right. 🙂