36 thoughts on “Russia Today(RT) TV Network Calls American’s Abroad DRUG DEALERS and TERRORISTS”

1. Another uneducated Homelander who doesn’t understand the real issues at hand. There’s an irony here though, his home state of Florida would still be a poor swamp mosquito infested backwater if it wasn’t for all this ‘evil’ money that flowed in during the 70s to 90s. Florida to some extent was built on drug money whether this guy want to admit it or not.

2. Well, he’s not from Posey’s (of anti-FATCA reciprocity fame) district, but Florida’s own “redneck Riviera”, Pensacola.

3. @George3 Thank you for the link to the money article. I see that the Wall Street mass seems to have tiled in 2012 a bit more to Romney from its previous support tilted towards Obama in 2008. I also see in the same web site “Even the giant investment firm Goldman Sachs (GS, Fortune 500), which has favored Democrats for 20 years has tilted toward Republicans this election cycle. Since January 2009, employee and political committee contributions totaled $1.7 million, with nearly a million, or 54%, going to Republican candidates.”

4. @ Don … The US has been the world’s biggest money laundry for many decades, indeed since before its founding. The US has also been the recipient of mucho dollars sent there by people fearing political persecution around the world including in Central and Southern America and the Caribbean … all of which was sent to Florida and elsewhere USA at great physical, financial and emotional risk to the persons trying to save their families and which would be made yet harder still if FATCA is implemented. I do not say physical risk lightly … these people often risked imprisonment and in some cases death sentences for “economic crimes” had they been caught. Of course now the US is probably getting ready to impose capital controls on money leaving the US and so might have a different perspective now ….

5. Personally I love the hilarious idiocy that so-called “immigration lawyers” are full of. Upon hearing of the birth of my child I was told “hurry up and register at the embassy or the child could lose their citizenship claim”. Right up there along with the embassy pushing me to get the wife a green card once married, and tax people demanding that i go through the hassles of getting her an ITIN.

   It’s fairly obvious what the system is designed to do: If one of us wayward expats happen to settle down overseas, the US still wants to try and dig its claws in. Apply for a green card and you are forced to immigrate or violate. Register a child, and that child is stuck, being inadmissible to the US without a us passport. File for that ITIN, and become liable for income and financials that has nothing to do with the US. The problem with the US, is that you are either a visitor who will leave as you have no significant ties. Or you are a migrant. There is no in-between status and they see all foreign spouses as marrying to be “saved” and brought back to the US.

   Here’s my advice:
   Taxes – file as single, they have no way of knowing otherwise and as there is no benefit of filing single opposed to married, sure, you are lying, but you’ll get a mean look and nothing else if caught. Furthermore, as a general rule, if it’s income they don’t know about, keep it that way.
   Spouses – Again, zero reason they need to know, keep it that way. It’s none of their business.
   Children – Ditto. Gather your paperwork together along with documentation and stash it in a safe. Let the kid decide what they want, and until that day comes, any potential claim status the embassy might bring up is delayed due to “emergency”, in which case, policy is to issue a visa. There’s no real penalty for waiting apart from post-18 ineligibility for CRBA.

6. Nervousinvestor
   On Democratic support
   Hank Paulson, Bush treasury secretary was a former Goldman Sach CEO at the time.
   Goldman Sach is a big company and it is not unusual for these companies to be on both sides of a similar trade.
   By the way there is no Goldman or Sach in significant position at the companies.
   There are no Morgan at either J.P Morgan Chase or Morgan Stanley I laugh at some people who think these family own the company.

7. @Goerge3rd – this is new information?

   Wall Street entities and individuals would be foolish not to support both sides. Yet, as the article says in the case of Goldman over the last 20 some years, the tilt is generally to the Democratic side … so far as I have read. There are exceptions … like when Romney was running.

   Still, I do not live in the US and am not a US Citizen so what do I care except when the actions of US politicians and bureaucrats encroach on my life outside the US.

8. Hmm, I have looked up FATCA and corporations and FATCA does apply to them. FATCA affects “U.S. persons” and, rather oddly, ‘U.S. persons’ for taxation purposes includes corporations and foreign trusts. Many of the things that trip us up (PFICs, foreign trusts, deferred taxation) became issues in taxation because corporations were using them to get around U.S. tax. The reason for the really strict rules about controlled foreign companies, for example, came about because U.S. corporations were setting up sham corporations abroad to fiddle the books. Of course, large companies are truly multinational in a way that individuals generally are not. That is one of the reasons why the tax code is so bad for living, breathing individuals living overseas..

   I do wonder if what we need is the repeal of FATCA (where we seem to be swimming against the tide and run the risk of seeming like we condone drug dealers and organized crime) or rules that we can live with. Even when the law was changed in 1962, people who had lived abroad for more than three years only paid tax if they earned $35,000 (the equivalent of $250,000 today) and their spouses could inherit everything. The incredibly lousy tax laws affecting flesh and blood U.S. people who reside overseas for a long time has built up over fifty years. FATCA is also not the only tool that the IRS has to enforce compliance. They have a generous whistle-blower program (as shown with UBS). They can and do exchange tax information with foreign governments and who knows what the NSA has..

9. Боже, благослови Америку!

10. LOL – you ARE a comedian.

11. TG for Google translate, lol!