Solving US Citizenship Problems Toronto Sat Nov 5 4-6 pm Know the facts b4 making any decisions #FBAR #FATCA #CBT https://t.co/yHvTmbxcVo
— Patricia Moon (@nobledreamer16) October 30, 2016
WHEN: Saturday – November 5, 2016 4:00 – 6:00 pm
WHERE: 100 St. Joseph St., Toronto ON M5S 2C4 MAP
ADMISSION:PLEASE REGISTER IN ADVANCE by email to nobledreamer16 at gmail dot com and kindly include your phone number, or phone 416-519-8172 ;
COST is $20 payable in cash at the door
WHO: John Richardson, B.A., LL.B., J.D. (Of the bars of Ontario, New York and Massachusetts), Toronto citizenship lawyer and Co-chair of the Alliance for the Defence of Canadian Sovereignty and the Alliance for the Defeat of Citizenship Taxation. citizenshipsolutions.ca
There is another problem which needs to be clarified, perhaps at the meeting or elsewhere? This is the possible FATCA tax implications of Hillary Clinton’s election policy on international students studying and staying in the US after graduation and who later decide to return to their home countries. To quote:
“Attract and Retain the Top Talent from Around the World: Our immigration system is plagued by visa backlogs and other barriers that prevent high-skilled workers and entrepreneurs from coming to, staying in, and creating jobs in America. Far too often, we require talented persons from other countries who are trained in U.S. universities to return home, rather than stay in here and continue to contribute to our economy. As part of a comprehensive immigration solution, Hillary would “staple” a green card to STEM masters and PhDs from accredited institutions—enabling international students who complete degrees in these fields to move to green card status. Hillary will also support “start-up” visas that allow top entrepreneurs from abroad to come to the United States, build companies in technology-oriented globally traded sectors, and create more jobs and opportunities for American workers. Immigrant entrepreneurs would have to obtain a commitment of financial support from U.S. investors before obtaining the visa, and would have to create a certain number of jobs and reach performance benchmarks in order to pursue a green card.”
https://www.hillaryclinton.com/briefing/factsheets/2016/06/27/hillary-clintons-initiative-on-technology-innovation/
This provision might tie foreign university graduates to the FATCA tax liability via the green card if they later decide to later leave the US for their home countries? Okay as long as they decide to stay for the rest of their lives… It reminds me of the Eagles lyrics from Hotel California: “You can checkout any time you like, but you can never leave”….
Thank you for pointing this out Don. I know there was a post here in the past, which used that phrase, “stapling a greencard to every Ph.D” (or something like that) and of course, Clinton’s position, of trying to get them to stay, seems more aggressive than in the past. I do believe one or two people at the meetings have been green card holders and should that come up, it would be dealt with, absolutely.
The American higher educational system depends largely on foreign student numbers to help finance the running of the institutions. However, after looking over several websites of these universities I see no warnings of possible FATCA tax implications for foreign students. Thus FATCA poses a potential huge financial risk to the US higher educational system once the ‘news’ gets out and foreign students start looking to other financially ‘safer’ countries for educational opportunities.