I saw this comment castigating the Globe for its article, “Four tips for Americans looking to come clean on their taxes“:
Oblique wrote:
“Come clean” ? What kind of toady wrote that?
Author Archives: Petros
Is the taxation of US persons abroad constitutional?
This post original appeared at the Righteous Investor. It argues that since the US census does not count US persons abroad, they do not have proportional representation in the House of Representatives. Thus, even though citizens abroad may vote in Federal elections, they are voting for someone else’s representative, not their own. This is a violation of the Ninth Amendment of the United States Constitution.
See also:
Is it taxation without representation if you can vote? Damn right!
Do United States persons abroad differ substantially from residents of Washington D.C.?
Tax Treaty in conflict with Canada’s Human Rights Act
Singapore fund manager recommends pulling investments out of the United States
FATCA is causing foreign investors to pull their money out of the United States. Don’t take my word for it alone. Today in Singapore reports:
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Relinquish don’t renounce, if you can
Please Note: The US State Department under John Kerry, who served in Viet Nam, is now charging $2350 to receive any CLN whether one has relinquished or renounced. So if you are coming to this only now, you are SOL when it comes to getting a free CLN.
See also Relinquishing your US citizenship in Germany
Those of us who have participated in the Expat Forum have seen that one of the first things that many many newbies say is, “I am going to renounce my US citizenship as soon as I have my Canadian citizenship.” Now, I want to suggest that one should never renounce their citizenship if they can relinquish it instead. Months ago I wrote a post on this subject, which I provide below.
If Obama is a global citizen doesn’t that make him the President of the world?
The new FATCA legislation, signed by President Obama as part of the Hire Act, requires that every person in the world who owns a bank account declare whether he is a US person. Imagine if the Chinese required that every bank account holder in American banks fill out a form declaring whether they are a Chinese person for tax purposes! What would you say? None of their damn business.
Obama must think he is the president of the world.
FATCA: A ticking time bomb for the economy
Buried in an ostensible jobs bill signed by President Obama last year is a little-noticed job-destroying government regulation that threatens to trigger a massive outflow of capital from the American economy.
See also: FATCA means Americans will pay more for things like Toilet Paper
We shall fight on the beaches: Open thread
When government turns predator
Honest US citizens are being turned into prey by the IRS, the victims a hunt for tax evaders. It is the natural, if lamentable, product of the urge to power our Founders warned us against.