A good example of why the U.S. should compete on tax rates.
Category Archives: Issues regarding US persons abroad
Senate passes passport-confiscation "highway bill" (S. 1813)
S. 1813, the highway (robbery) bill with amendments that let the Treasury Department ban credit cards from non-FATCA banks and give the IRS the power to take away expats’ passports, passed the Senate by a vote of 74-22 with 4 abstentions. The bill will now go to the House, where it will face off against H.R. 7, a competing surface transport bill by Rep. John Mica (R-FL).
If you have a WordPress account, you must be logged in to comment (for some reason)
Hi folks. There have been some complaints about having to be logged in to comment. This has apparently become an issue at WordPress. It is not my doing as you can see from this screen shot of the settings for this blog:
By the way, the e-mail doesn’t have to be real. Some have commented with fake e-mail addresses. Of course, the prevents me or anyone else from being able to contact you for whatever reason. We do, however, ask that you use a consistent alias.
Cheers,
Peter
Relinquishment and Renunciation Data (as reported on Isaac Brock), Part 1
The up-to-date database resides in Part 2 (link at the bottom of this page).
Above is a link to data we are compiling on Relinquishments and Renunciations — a work in progress. This corresponds with the Consulate Report Directory (in sticky post below), tracking individual experiences for each Consulate, along with a timeline chart.
IRS lacks authority to impose tax on tax by regulating tax preparers – Lawsuit alleges
Cross posted from RenounceUScitizenship.
The Two Seasons: Tax and Non-Tax
It used to be that at least in theory there were four seasons. But, now in practice, there are only two seasons: “Tax Season” and “Non-Tax Season”. “Non-Tax Season” is getting shorter and shorter. Continue reading
Government responded to NDP written question on FBAR
I just noticed the government responded to a written question request from NDP MP Hoang Mai on FBAR yesterday. However, I cannot find the actual text of what the government’s response was anywhere on Hansard. Anyone have any advice where I should look. This is the link below to yesterday’s journal.
An Historical Primer for the War of 1812
A reader submitted the following video (an historical primer on the War of 1812). Her feelings of warmth towards the United States are at all all time high (not). If you are from the Department of Homeland Security, there is a special note at the bottom of this post, just for you.
Former Premier of New South Wales Australia Kristina Keneally a renounced US citizen
Just Me has been asking to find out whatever I could about “US Persons” in Australia and New Zealand. I have to admit I don’t much about Australian or New Zealand politics but I knew enough to recognize the name Kristina Keneally (who in Canadian terms would be the Australian equivalent of Dalton McGuinty or Mike Harris). I literally though fell off my chair when I discovered that Keneally in fact was born the United States and renounced her US citizenship in 2000 upon becoming Australian (Australia banned dual nationality until April 4th 2002).
Congress to introduce Foreign Washing Machine Compliance Act (FWMCA) to fight offshore abuse of Tide Detergent
Recently, reports have surfaced that drug dealers are abandoning the U.S. dollar in favour of a cleaner, more liquid medium of exchange. From The Daily:
Tide has become a form of currency on the streets. The retail price is steadily high — roughly $10 to $20 a bottle — and it’s a staple in households across socioeconomic classes. Tide can go for $5 to $10 a bottle on the black market, authorities say. Enterprising laundry soap peddlers even resell bottles to stores. “There’s no serial numbers and it’s impossible to track,” said Detective Larry Patterson of the Somerset, Ky., Police Department, where authorities have seen a huge spike in Tide theft. “It’s the item to steal.” …
Declaration of Independence read by Hollywood types
When you hear these Hollywood folks (many probably more wealthy than the vast majority of IBS participants) pronounce the words, what do you hear about our current situation as minnows abroad? I find that there are quite a few scary parallels. I’m not sure how to interpret the “Indian Savages” passage, as I am one. I could spend hours expounding upon the parallels. I let you help me because I’ve got other work to do and don’t want to be a one-man show.