Yearly Archives: 2012

 
Plenty of Brockers will be old enough to remember Steve McQueen trekking his way through the weekly TV series Wanted: Dead or Alive as bounty hunter Josh Randall toting a sawed-off rifle. So American. No doubt a childhood hero of the Dubya flyboy who famously went MIA in Texas airspace during the Vietnam era — already on his way to accomplishing his mission!

Today zuludogm mentioned in passing that some British banks are incorporating IRS snitch activity into their business planning as a new profit center.
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A poke around in the FAQs at the admirable website of http://www.renunciationguide.com/ brought up this tidbit that never seems to have surfaced or been kicked around at Brock — memory of nothing on the topic has further tested out against a no-result word search on “Carlton”:
 

An interesting question would be whether the IRS would attempt to retroactively apply the potential Congressional law change. Retroactive law is against the constitutions of most countries of the world. Nonetheless, in a 1994 case, U.S. vs. Carlton, the U.S. Supreme Court held in an unanimous decision that changes in tax law — and only tax law — can be applied retroactively if the law has a rational legislative purpose and is not arbitrary, and the period of retroactivity is not excessive. These criteria are extremely broad; as Justice Scalia wrote in a concurring opinion, the Court’s vague criteria effectively “guarantee[] that all retroactive tax laws will henceforth be valid.”

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I found some rather interesting industry comment letters on the US Department of Treasury FINCEN website related to one of the rulemakings they have outstanding regarding their intent to impose sometype of FATCA recipriciocity on Domestic US Banks. (Note: There idea of recipriciocity is still nothing compared to what they are demanding of foreign banks under FATCA). I find it remarkable the extent to which the US Banking industry is opposed to even these limited new regulations(They aren’t even being asked yet to collect citizenship information from their domestic US customers. I can’t wait to see their response when that is proposed).

http://www.regulations.gov/#!docketDetail;dct=PS;rpp=25;po=0;D=FINCEN-2012-0001

Hello everyone.  Today my son picked up his CLN from the post office.  It has actually been waiting there for him for over a week but he just didn’t have the time to go get it.  He expatriated on May 3rd of this year so he got his CLN in record time.

I just picked this up on the internet !

Reuters , Forbes , WSJ

 
As reports flood in from stalwart Brockers — CLNs arrive for Peg11 and recalcitrantexpat, Don Pomodoro gets a second appointment and renounces — and advanced backstories trickle in from lurkers and indirect reporters, it is still the case that almost all are still somewhere in the middle. Few share the absolute closure of schubert1975.
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Well I got my CLN today.  My passport was of course with it but it wasn’t punched full of holes.  There was not one additional hole that was added.  The only alteration that I could see was the note regarding the day of my expatriation.

My CLN now rests comfortably inside my bank’s safety deposit box.  I did make a copy before hand though and had it witnessed by a Commissionaire of Oaths.