Monthly Archives: February 2012
From the Globe …
From the Globe & Mail: China cuts U.S. Treasury holdings:
Is China falling out of love with U.S. Treasuries?
(Note: you will need to scroll down to the section discussed here.)
United States Consulate in Vancouver: Procedures for Renunciation of Citizenship
A reader sent me the Outline of the Process for renunciation at the US Consulate in Vancouver.
Also a reader made the following comment at my post, My April 7 visit to the US consulate:
FATCA fever reaches Hong Kong
Hong Kong has occasionally scared public health authorities in the United States with acronyms like SARS and H1N1, but now the U.S. is attacking the world’s financial health with a far more dangerous acronym: FATCA. The Hong Kong Economic Journal — the Financial Times of the Sinophone world, roughly speaking — ran a FATCA-related interview with Jennifer Wong of KPMG in this morning’s paper, on page A7. I’ve translated it below.
On the "Simple" Extension of the 2% Reduction in Payroll Taxes
I got this email today, and I could not resist the temptation to put it up here. It is yet another example of sausage making in DC, and why a 72,500 page tax code is going to soon be over 73,000 pages…
It's more important that the guilty be punished than the innocent be free – what would John Adams say?
The simple fact of the matter is that the current U.S. government will “pay any price, bear any burden and create any foe (including 6 million U.S. citizens residing outside the U.S.)” in order to catch U.S. residents who use offshore accounts to evade taxes. The U.S. government is a government of great principle. It’s just that it uses the wrong principle.
Three Recent News Items Translated from the Swiss Press
Tracking Foreign Tax legislation in Congress
Renounce tweeted this evening about Congressman Tierney’s proposal to do away with the Foreign Income Exclusion. That caught my eye, and so I inquired of Andy Sundberg and ACA. If you wonder why the Tax Code is over 72,000 pages, after you read this information he sent me, you will wonder no more.. Continue reading
FATCA Take II: Finding U.S.Tax Evaders Abroad Gets Easier
Thought you would be interested in this headline that I found yesterday on International Securities Services Magazine online. The title caught my eye, and when I began to read the article and saw these comments, I began to boil.
Isaac Brock Society is the Best PR for Canada Revenue Agency: Open Thread
Best comment of the day goes again to omghe’sstillanamerican who found this ridiculous article about the IRS seeking a new public persona: IRS Seeks Some PR Help. This is an open thread (meaning you can share videos or stories that would be fun for everyone, or whatever you want).