Just Me sent me the following OVDI story from Jack Townsend’s blog:
Anonymous said…
I moved outside the US as a poor student, never having had enough money necessitating acquaintance with Schedule B.
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Author Archives: Petros
Republicans are turning against Ron Paul
I made the following comment at the American Thinker, which has lately published a spate of articles saying that Ron Paul is a nut case. I ask, what could be more insane than $1.5 trillion deficits with no end in sight? Of course, I won’t be voting in the next election.
In the United States: Too much of the tax burden falls upon the wealthy
Tax Freedom day in Canada is June 6; in the United States it is April 12. In the United States, 50% of wage earners pay only 3% of the total income taxes. Do you see a problem?
Double taxation, the tax treaty, and why GST/HST doesn't count
The purpose of the tax treaty between the United States and Canada is laudable: to avoid the double taxation of residents. But the problem is that the United States imposes an unconstitutional extra-territorial taxation of “United States persons” no matter where they live in the world, even in the high tax region of Canada. But one huge problem with the treaty is that it does not count HST/GST as tax. It is of course a big reason why Canadians are marred by taxes (as Gary Marr of the Financial Post says).
Links and reflexions
Petros discusses some links he found over the holidays: MF global scandal, Scotia Bank and FATCA, Mexico and FATCA, Reflexions on NAFTA
Outline for a book project: A proposal
And then there were none: How the United States government is persecuting United States persons living abroad and what we can do about it. Continue reading
Dumping on Newt? Hardly
My Christmas Eve post made its way to Townhall, thanks to Just Me, who passed it on to Daniel J. Mitchel of the Cato Institute. A certain Pamela reacted: “Did okay UNTIL you got to the dump on Newt.” She was reacting to the words that Newt Gingrich said in the post, explaining why he supported the nabbing of Santa Claus in a foreign country: Continue reading
Breaking News: Santa Claus arrested
U.S. Federal agents arrested Santa Claus earlier today at the North Pole. Special Christmas Edition (Merry Christmas to all and to all a good night!)
FATCA's impact on publicly traded trusts
Petros asks how FATCA will impact publicly traded trusts in Canada which have most of its income from US sources.
The stalker: divorce from the United States is a messy process
The United States is like an ex-wife or ex-husband who hasn’t figured out how to let go. Indeed, the IRS stalks its former citizens by insisting upon a messy divorce process, which aims at dissuading the wealthy from leaving. But like any bad relationship, stalking makes the former lover hate even more the one who can’t let go. Certainly, this stalking behavior will not lead the expatriated person to run back into the arms of his former lover!