The New Zealand round up has begun. Thought you might be interested in an email that account holders are receiving from ASB bank in New Zealand 🙂
Happy 4th of July…..
Read below the break.
Category Archives: Issues regarding US persons abroad
Declaration of Independence: July 4, 2014
Cross-posting from Maple Sandbox: The Declaration of Independence on this July 4th, 2014
In Solidarity, by Unanimous Declaration of Independence of the Maple Brock Sovereignty Alliance on this July 4, 2014 proclaims:
When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.
Changes from the original Declaration are in bold. It was stunning how applicable the original words were to the tyranny being applied to us today.
American founders would be outraged at what their country is doing–and proud of what their descendants are doing to fight for our unalienable rights.
Beautiful piece of work for this 4th of July, 2014, Lynne Swanson and GwEvil. Beautiful!
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Also cross-posting: “Let Us Renew Our Determination, Our Courage and Our Strength” to Fight FATCA
National Post: U.S. driving #americansabroad to renounce
U.S. tax crackdown driving more expats living in Canada to renounce citizenship http://t.co/OIf1h9bfpg via @financialpost – Must read!
— U.S. Citizen Abroad (@USCitizenAbroad) July 4, 2014
You will find the article referenced in the above tweet here.
FATCA exposed on Independent Nation: John Richardson, Tricia Moon and Peter Dunn discuss the loss of democracy and sovereignty in Canada
The link to our discussion is now available If you missed the live broadcast of this discussion live, you can now watch it at your leisure.
Canada ceases to be an independent nation as of Canada Day 2014 when FATCA (Foreign Account Tax Compliance Act) comes into effect. Stephen Harper’s government has sold out Canada yet again and is now providing America’s IRS with personal banking information of Americans and Canadians born in the USA. Check out www.stopfatca.ca to find out what you can do about it and regain your sovereignty!
@PMHarper gives @BarackObama #FATCA – the “Gift that keeps on giving”: Stephen Kish and Alliance for the Defence of Canadian Sovereignty in Toronto Star
U.S. #expats feel sold out by Canada: Tim Harper http://t.co/vJEcvG9lh6 – via @torontostar – That's a #FATCA
— U.S. Citizen Abroad (@USCitizenAbroad) July 4, 2014
The article referenced in the above tweet includes:
John Richardson on Global National TV: FATCA Arrives in Canada
Solving US Citizenship Problems – Toronto, Saturday, July 19
Life planning, Career planning and the Reality of U.S. Citizenship for Americans Abroad including Life Preparation for U.S.Citizen-children of U.S.Citizens
These seminars will include discussion and analysis of the IRS “relaxed opportunities” for people to come into compliance.
It is estimated there are 7 million U.S. citizens living outside the United States. Some of these people don’t know that the U.S. may consider them to be citizens. The vast majority of these Americans abroad (according to U.S. law), are required to file tax returns and complete information reporting forms to the United States. Although “citizenship-based” taxation has existed for years, what is new is the enforcement.
A CLN (Certificate of Loss of Nationality) alone may not guarantee your data won’t be reported.
The Canadian IGA says:
Accounts under $50K are not reportable “unless the FFI elects otherwise”.
Accounts with unambiguous US birthplace are reportable by the FFI “unless it elects to apply subparagraph B(4)…” (which is to try to cure the indicia).
The CRA draft guidance says:
The CRA expects that financial institutions will generally attempt to cure indicia before determining that an account is reportable.
I persisted with my own financial investment advisor, saying I wanted none of our information to go to the CRA as we have CLNs (US-ness was known) and finally got this statement:
I have reviewed all of your documentation that I have for you here and in all of this; I have only noted Canadian Citizenship. Given this, yours and XXX’s status would be noted as Canadian Citizens only with no indication of indicia on record, therefore TD would be reporting to CRA for you as per every other Canadian Citizen.
Nigel Green champions ADCS as he warns of FATCA “hammer blow for the US economy”
http://www.valuewalk.com/2014/07/fatca-tax/
Nigel Green, CEO of deVere Group, sounds another forceful warning about FATCA while confirming his support for the efforts of both Jim Bopp and our own ADCS.
Some excerpts:
History will ultimately teach us that America’s far-reaching new global tax law, FATCA, which came into effect Tuesday, is a “hammer blow for the U.S. economy”, warns the founder and chief executive of one of the world’s largest independent financial advisory organizations.
The stark warning from Nigel Green of deVere Group, which has $10bn under advice and management, is in response to the Foreign Account Tax Compliance Act (FATCA), better known as ‘FATCA’, which was implemented by Washington yesterday.
“As such, I will continue to voice my calls for this damaging tax act – which cannot possibly effectively achieve its purported aims of combatting tax evasion – to be definitively repealed.
“I will also continue to champion the legal and constitutional challenges being prepared by the likes of American super-lawyer Jim Bopp Jr. and the Alliance for the Defence of Canadian Sovereignty.”
Looking back, the day after the demise of Sovereign Canada — “This is not the Canada I grew up in.”
Says bubblebustin,
Wow, the Animal, you are as exceptional with the written word as you are with graphic arts. Well said:
This is not the Canada that I was born in.
The Canada I remember, was one of Pierre Elliot Trudeau. The very same who stated: “We must now establish the basic principles, the basic values and beliefs which hold us together as Canadians so that beyond our regional loyalties there is a way of life and a system of values which make us proud of the country that has given us such freedom and such immeasurable joy.” when he signed the Charter of Human Rights and Freedoms in 1981. Back then we were so proud that we had a Charter of Human Rights and Freedoms to aspire to. That at the very age of eleven, I looked on believing Canada to be the land of the just and upholder of human decency. We were proud of being Canadians; the first to put together such a proclaimed charter that the Queen herself had given Royal Assent and personally signed in a ceremony on Parliament Hill. We truly believed that Canada was at the forefront of civilized nations.
Just a couple of short days ago, …
Waking on Canada Day to:
Now today, July 2, 2014:
…here I stand not 33 years later angered and bitter at the fact that Canada, under Prime Minister Stephen Harper has signed away those very rights and freedoms that were enshrined to us under the Charter of Human Rights and Freedoms by passing an omnibus bill that contained a United States law called the Foreign Account Tax Compliance Act (FATCA).
…
This law does not affect just those with clinging US person-hood, but it affects all of us. We will be forced to pay out of pocket for the rising costs of the bank compliance through higher fees, intrusive interrogation when opening a bank account that normally would be cause for a Human Rights complaint, but because of a flourish of a pen, is made legal to ask. One by one our rights are being eroded and instead of being enraged for the further erosion of this once-great country, we are complying with a whimper. Trudeau would ask about the location of our spine.
The acts of our government would indicate that we have none.
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Yes, bubblebustin,
Shame on the Canadian media for not warning all Canadians of the impending attack. Laura Secord’s rolling in her grave.