#FATCA is impossible to achieve unless foreign governments preemptively surrender their sovereignty. freedomandprosperity.org/2012/testimony… – Take note!
— U.S. Citizen Abroad (@USCitizenAbroad) November 30, 2012
#FATCA is impossible to achieve unless foreign governments preemptively surrender their sovereignty. freedomandprosperity.org/2012/testimony… – Take note!
— U.S. Citizen Abroad (@USCitizenAbroad) November 30, 2012
If I'm reading this correctly then Mr. Quinlin is suggesting that when other countries are negotiating they should make "fair" reciprocity demands that they know the U.S. cannot deliver, possibly because they would go beyond Treasury's mandate to implement FATCA or would provoke backlash from American citizens in the homeland. I particularly like that Mr. Quinlin also advises to keep on fighting to kill FATCA. That's exactly what we are doing at Brock but the tide may not turn until awareness and alarm increases within the USA. I felt a bit encouraged just by the title of Mr. Quinlin's address:“It is Not Too Late to Stop FATCA”.The Nicaragua Dispatch is a very nice blog for expats living in Central America. The editor is a journalist by the name of Tim Rogers (tim@nicaraguadispatch.com).
I commented on the article below but waiting for moderation. Perhaps other Brockers may wish to comment as well and even send Tim an e-mail. It would be good to reach out to other expat blogs throughout the world as all Americans living abroad are in the same boat.
http://www.nicaraguadispatch.com/news/2012/11/conference-looks-at-tax-laws-for-us-citizens/6188
Interview of Tim:
http://pulitzercenter.org/education/nicaragua-sandinista-contra-revolution-economy-democracy-daniel-ortega
FATCA: Obama’s New Year surprise against American expats
FATCA has been completely ignored during the 2012 Presidential contest by both Barack Obamaand Mitt Romney. It has the potential of destroying the lives of Americans living overseas, but most Americans and politicians don’t care. In all the drum beating about getting the tax dodgers and the fat cats, FATCA is about to take effect immediately beginning January 2013.
Not sure where to post that comment, so I choose that thread.
Do you think it would be a good idea to bring FATCA awareness to the Center for Global Development (http://www.cgdev.org/section/experts).
A search for FATCA on their website returns nothing. It seems that it might be of interest to some of the Experts listed there (EXPERTS tab at the top of the page). I wonder if they would be pro FATCA like the OECD. I almost choked when I went to the OECD website: http://www.oecd.org
“OECD: BETTER POLICIES FOR BETTER LIVES”
Thoughts?
The Independent: “Why America’s Fatca might spell disaster for Britain’s fatcats”
UK financial services will be hit by an anti-evasion plan that will mainly help the States
http://www.independent.co.uk/news/business/analysis-and-features/why-americas-fatca-might-spell-disaster-for-britains-fatcats-8387007.html
From the article:
“Although the Chancellor, George Osborne, this week hailed Fatca as part of his new armoury of anti-tax evasion tools many people think it is much more of a one-way street with the US gaining far more information on its citizens than the UK might about its.”