Not quite exactly but pretty close.

Reluctantly, Patriot Flees Homeland for Greener Tax Pastures

Heather Bresch grew up around politics. Her father is Joe Manchin, the Democratic senator from West Virginia and a former governor. She has heard him say repeatedly, “We live in the greatest country on Earth,” as he did in countless political advertisements. And it appeared to rub off on her: Ms. Bresch was named a “Patriot of the Year” in 2011 by Esquire magazine for helping to push through the F.D.A. Safety Innovation Act.

But on Monday, Ms. Bresch announced plans to renounce her company’s United States citizenship and instead become a company incorporated in the Netherlands, where the tax rates are lower. She did so by agreeing to acquire Abbott Laboratories’ European generic drug business.

The following discussion is taking place this morning, starting here: https://isaacbrocksociety.ca/2014/06/01/its-time/comment-page-30/#comment-2235706

Deckard also highlights this offline:

Ottawa prepares to share personal data with foreign governments

While this article focuses on immigration, it’s a perfect opportunity to bring in the FATCA IGA again.

An excerpt:

Cabinet will also now be permitted to allow the “disclosure of information to verify the citizenship status or identity of any person” to enforce any Canadian law “or law of another country.”

Continue reading →

Since it is now July, and hotter than a cat on a tinfoil hat, this story may make your temperature rise:

http://www.inquisitr.com/1344871/will-july-be-the-month-the-u-s-dollar-collapses-imf-announces-possibility-through-creepy-message/

We’ll have an update on July – never mind, just watch the video.

http://www.lexology.com/library/detail.aspx?g=d35c2f66-5a6d-4612-8a44-a5b507a755d3

Implementation of the FATCA Treaty

The Dutch Ministry of Finance has launched a consultation on a decree implementing the FATCA Treaty. The decree requires Dutch financial institutions to provide information about bank accounts of US tax subjects, and to report financial institutions that do not comply with their FATCA obligations.

The Netherlands and the United States entered into a treaty on the implementation of the FATCA Treaty in December 2013. A bill providing for the ratification of the treaty will be submitted to parliament shortly.

Perhaps someone from the Dutch government should have a little chat with Allison Christians.

The excellent interview by All In A Day’s host Alan Neal with Allison Christians and Kathleen:

Comments on this excellent article here and there at Isaac Brock, so will heed “JC” request to post:

The Canadian-US tax treaty covers all aspects of taxation between the two countries. The current treaty cedes Canadian sovereignty to the U.S. and permission to double tax by not specifying exemptions such as for retirement accounts, the family home, life insurance, mutual funds, outrageous noncompliance penalties for Canadian tax residents, etc.

Everyone: there is a highly relevant new article here in regards to the injustice that has not had sufficient attention on this website: WSJ, David Kuenzi: American Expats Tax Nghtmare.

Or, if you have cannot access, the article is here

Another reference to the WSJ Kuenzi article: The Tax Treatment of U.S. Citizens Abroad Is Absurd and Unfair, and Getting Worse By Veronique de Rugy

*************
Note: David Kuenzi, Certified Financial Planner,® Founder, Thun Financial Advisors, Madison, WI spoke at the May 2, 2014 Toronto Forum Debate on CBT vs RBT (we’re still awaiting an ACA video of this forum).

http://www.islandsun.com/inter-governmental-agreement-simplifies-fatcas-compliance-premier-says/

Well, you don’t get much bigger than the entire universe:

“The signing of the FATCA IGA is universal… Also, contrary to what others claim, this is not about selling out anything,” Premier Dr. the Hon. D. Orlando Smith announced during a press briefing on 8 July. The BVI Leader made the comment as he announced that Government signed a Model 1B intergovernmental agreement (IGA) in relation to the United States (US) Foreign Account Tax Compliance Act (FATCA) on June 30.

Dr. Smith explained that FATCA is a United States federal law that is universal, and requires United States persons living outside the United States to report, among other things, their income to the US Government.

The BVI Leader further defended the decision to sign on to FATCA by stating: “I said this before and I will say it again, we are doing merely what a responsible government should do:  one, alleviate the burden on its citizens to comply with this universal law; and two, protect our financial services industry by helping the financial institutions to comply with this obligation.”

We’ve been saying for some time that the IRS seeks to tax US Persons no matter where in the universe they live.  This appears to be the first time that a government official anywhere on this insignificant planet has confirmed this fact on-the-record.

Zerohedge offers US expats a new strategy for filing:

Just remember, the US courts have decided on the basis of the Required Records Doctrine that you can’t plead the 5th Amendment with regard to the FBAR. Of course, FATCA obliterates your 4th Amendment and Canadian Charter Rights as well. Could this be hypocrisy?

Germany Just Kicked Out The CIA’s Berlin Station Chief

Now she should kick out the US consulates in Germany, just as Canada is about to expel the Eritrean consulate. Why? For the same reason: the US collection of extra-territorial against alleged US citizens in other countries. The USA is a bad neighbor and a bad ally and has proven that with the imposition of FATCA on every nation in the world–with warlike sanctions as the consequence of not yielding to the demands FATCA.