What a shame the responsible Americans are doing their best to find a job rather than stay in the U.S. unemployed, collecting food stamps and living in section 8 housing–only to find that their mindless politicians have new plans that will make their lives outside of the U.S. an impossibility. In 2013 the Foreign Account Tax Compliance Act will begin and under its IRS reporting rules these hard working Americans will find themselves unable to open a bank account unless they are willing to sign away their Canadian privacy rights. Add to this the IRS’s restrictions on the types of accounts that they can hold, restrictions on employer provided pensions, investment restrictions and the potential for double taxation, and you’ve got a recipe for U.S. government induced failure. Many Americans from all over the world are now moving back to the States because the U.S. Congress has decided to make their lives outside of the U.S. intolerable and embarrassing. There is no reward for doing what is right.
Interesting that you should mention this. On my morning walk today, I was listening to KUOW and they were doing some local reporting, as they do… Between NPR morning edition stories…
And what did I hear, but this…
Alberta Looks To Lure Pacific Northwest Unemployed
Of course, there was no mention of taxes or FBARS or FATCA or any of the Citizenship tax complications that those eager for work would not even be considering. I immediately thought, how can I warn them. Frankly, if you are desperate for work, and there is work in the offering just north of the border, I don’t any of them would care even if I advised caution. So, I wonder how many of them will stay, become permanent Canadians and later look to find a way out of the Citizenship Tax trap later!!
BTW, do you think Alberta is doing any truth in advertising to these unsuspecting Americans?
Not my job!
@justme- A couple of months ago I wrote to Alberta’s Premier and told her then that U.S. citizens are not the answer to Alberta’s labour problem. I also wrote the Minister of Immigration and Citizenship and the Minister of Finance. I don’t understand on what basis the Governments of Canada can continue to allow U.S. citizens into this country when the government knows that these people will have access to limite banking services or maybe none at all. And when the government knows that these people are just on LOAN from the U.S. When the government of Canada knows that these people have a likelihood of being subject to a yearly U.S. franchise that is called a tax.
There are workers from Europe who would be eager right now to live and work in Canada. Ireland has a severe unemployment problems and last week the E.U. just announced an unemployment rate of 11.1%. So why would Canada want Americans? It is not in the national self interest of our Canadian society to bring in so many people who are a threat to Canadian sovereignty.
Good point. Getting a worker that comes unencumbered with Tax claims by the national of Citizenship should be a consideration. I would bet, that they have never considered that fact, as prior to 3 years ago, it never mattered. But it is a new time, and a new jihad, and so I wouldn’t be hiring American, if I were concerned about my tax base. European makes more sense…
Haven’t found a way yet to comment directly to the KUOW story, but just sent them a Tweet.
I will see if I can find an email address later. I guess I should go and post a comment on the Yahoo story, but when I read the level of comments there, it generally turns me off bothering. But, I will anyway. Or, look for a twitter account.
438 comments and it seems greyed out for me, so I can not add a warning to them… Maybe someone else can…
In the meantime I tweeted them…
@Just Me I’m not sure I’m understanding you correctly; I found the following on the Yahoo comments
0users disliked this commentsandra • Rio De Janeiro, Brazil • 16 hours ago
I am back and will try again tonight to see if I can access the comments. I could see a time circle running, but nothing was loading on my computer so in the end, I gave up.