Hat tip: johnpg
Author Archives: Petros
Two new articles on FATCA
Just Me sent me the following two notes:
Status Report at the milestone of 15,000 views
Petros provides a recap of the progress of isaacbrocksociety.com since its official launch on December 12, 2011. (Warning to readers: What follows resembles a high school pep talk!)
Jimmy Carter Redux: The presidential pardon as the constitutional solution to the FBAR madness
In looking back to President Carter’s amnesty of Viet Nam War draft dodgers, I have a profound sense that he made the right decision. His presidential pardon set free hundreds of thousands from the fear of prosecution. Andrew Glass at the Politico wrote the following:
We shall fight on the beaches: Open thread
Here is your chance to comment on any subject you want, related hopefully to the concerns of the Isaac Brock Society. 🙂
Dominant nationality and why it matters
Dual nationality exists when two or more nations claim jurisdiction over an individual. This may lead to disputes between the nations claiming the allegiance of the person, requiring that international law settle the matter. This has led to the doctrine of dominant nationality.
See also:
Dual Citizenship and National Laws
Dominant nationality protects individuals from state overreach
Dual citizenship and forced marriages, by Alison Symington
The Canada Party's nomination for POTUS
In one of the comment streams, Renounce suggested nominated a candidate for president who was a member of the Expat community. Here is another suggestion:
New evidence media is waking up to FATCA story, Washington Times, Forbes, Fitch
Just Me sent me this e-mail that he is sending to media outlets:
So now after the NYT times article, the new WSJ journal article and the Fallows Atlantic trilogy, here is more reporting and opinion on the misguided citizenship taxation policy and IRS offshore crackdown which has created a FATCA mess that threatens Americans overseas as they become toxic clients for financial institutions world wide. Also more importantly, even rating agencies such as Fitch are beginning to understand the unintended consequences of the FATCA blowback and what that will mean for US business, exports and even American financial institutions as investment dollars move else where.
Will your Offshore Accounts Land you in Jail? Response from Just Me
Just Me sent this to me:
Dear Linda Sittenfield, CNBC Senior Producer
Regarding your article today titled
Will Your Offshore Accounts Land You in Jail?
Published: Thursday, 5 Jan 2012 | 1:20 PM ET
Ambassador Jacobson's words as bad faith negotiation (updated with comments from Roy A. Berg)
On 18 October 2011, The Globe and Mail reported reassuring words from the Ambassador of the United States to Canada:
“My message on this is to sit tight,” Mr. Jacobson said in a speech to the Canadian Club of Ottawa on Tuesday. “We are not unreasonable. We are not unsympathetic. We are not irresponsible.”
The IRS is exploring ways to accommodate the roughly one million dual Canadian-American citizens living here, Mr. Jacobson said.