Posted on November 5, 2014 by Patricia Moon Posted in Issues regarding US persons abroad 65 Comments #FATCA in 9 minutes http://t.co/GcdyLi16Va — Patricia Moon (@nobledreamer16) November 5, 2014 Please notice there is a donate button on the top right hand side once the pointer contacts the “play” button. Please share and Tweet widely! Share this:TwitterFacebookEmailLike this:Like Loading...
Back to the issue of who deems who to be an American:
53:11 – 58:28
I am not focusing on hypotheticals but on what is happening. Private citizens are having their money confiscated. Foreigners are having their money confiscated. This is very bad. The US declaring all world US person for tax purposes is not unthinkable when it is stealing billions of dollars. E.g., have you followed the funds stolen through civil forfeiture? Also, Obama has declared sanctions against Russia (an edict), which means that the US is trying to seize billions of dollars of assets of certain of Russia’s private citizens. Also, the US uses arbitrary fines to steal assets. BNP Paribas was stung with 9 billion dollar fine, and the French are seething over this. The Swiss are also seething (I was just there so I had a chance to talk to some of natives there–and they are not enchanted with the US. The USA has become a pariah and it is only a matter of time before the rest of the world sees what’s going on.
Will Indicia & the Compliance Officer Decide?
1:00:20 – 1:08:04
(Remember the date of this forum was Dec 15, 2012 so there are a few things that have changed since such as closing accounts, etc)
This statement by Nathan Cullen is one I hear over and over in my head. It is important to remember that the IGA has its own sort of “savings clause” in that it supercedes ANY Canadian law (This is not the equivalent of the US-CDN Tax Treaty superceding law, as all tax treaties do). This is astonishing and frightening:
15:13 – 16:10
Now I am thinking about putting together several clips where Allison defines not only what the Treaty issues are but the approaches she suggests should be taken in order to fight FATCA.Interesting to evauate 2 years later. I just heard her say that the IGA does indeed, supercede ANY treaty Canada has with the US.(she mentions reading it twice) A PFFI signs away its right to negotiate under ANY treaty:
41:30 – 42:12
@Neill & USCitizenAbroad
If 40+% of US physical residents are not paying tax and the GOP doesn’t favor tax, etc, then who are they going to tax?
Tricia, anyone with one of these.
Where’s yours? LOL
@Petros, sigh…I never said you were.
Meanwhile, has anyone noticed the ADCS donations have been pretty sparse the past few days? And that’s what that DONATE button on the video is all about. I’m tapped out for 2014 but I’ll be able to help more in 2015 (starting in January). Focus, focus, focus PLEASE everyone!
Is it time to bring back the big thermometer so we have a visual reminder? I actually graph the daily numbers so I’m always aware when the line flattens out instead of slanting at that reassuring $1K per day angle.
Regarding the discussion here about John Richardson’s use of hyperbole in the video (many times less than the USA’s use of hypocrisy, IMHO), I think he expands on his conjecture quite well here:
I have just posted that here at Brock.
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Oops, guess I was typing while you were creating the new thread. Thanks for doing that. I can never keep up with all the Speedy Gonzales here.
@Embee, the fundraising blog MUST be the top article everyday and the thermometer must be shown.
Letting other articles move the fundraising blog done is wrong.
— That thermometer really looks so depressing when it is just starting out, but as you say it will be a way for people to focus. GwEvil will try to put the beast back up tonight. Thanks for your suggestion and your commitment.
— I agree with your point about John’s discussion in the Alliance blog.
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