The simple fact of the matter is that the current U.S. government will “pay any price, bear any burden and create any foe (including 6 million U.S. citizens residing outside the U.S.)” in order to catch U.S. residents who use offshore accounts to evade taxes. The U.S. government is a government of great principle. It’s just that it uses the wrong principle.
Category Archives: Issues regarding US persons abroad
Three Recent News Items Translated from the Swiss Press
Tracking Foreign Tax legislation in Congress
Renounce tweeted this evening about Congressman Tierney’s proposal to do away with the Foreign Income Exclusion. That caught my eye, and so I inquired of Andy Sundberg and ACA. If you wonder why the Tax Code is over 72,000 pages, after you read this information he sent me, you will wonder no more.. Continue reading
FATCA Take II: Finding U.S.Tax Evaders Abroad Gets Easier
Thought you would be interested in this headline that I found yesterday on International Securities Services Magazine online. The title caught my eye, and when I began to read the article and saw these comments, I began to boil.
Isaac Brock Society is the Best PR for Canada Revenue Agency: Open Thread
Best comment of the day goes again to omghe’sstillanamerican who found this ridiculous article about the IRS seeking a new public persona: IRS Seeks Some PR Help. This is an open thread (meaning you can share videos or stories that would be fun for everyone, or whatever you want).
Seeking Canadian Legal Opinion on FATCA
On another thread last weekend, somerfugl and I agreed to to work together to consult a Canadian lawyer to determine if FATCA violate Canadian Charter of Rights and Freedoms and the Canadian Human Rights Code. Amazingly, somerfugl and I discovered we live in the same city.
From the archive: Open Letter to the Executive Director of the Society of Biblical Literature
This letter first appeared on December 8 (at the Righteous Investor), a mere four days before the official launching of the Isaac Brock Society.
A letter to the Executive Director of the Society of Biblical Literature, an association with over 8000 members, informing him why the author will not be renewing his membership: The US Federal Government is persecuting American citizens abroad of whom the author is one.
What is the Systemic Risk of Citizenship taxation to the World’s Economy….
How would you challenge FATCA if you were a world leader?
As “US persons” abroad there is one thing that we all have in common: we are all vulnerable to the US government and subject to the whims of politicians and a tax code from a distant foreign country, who do not represent us as overseas citizens yet still subject us to their laws as if we lived there. Many of our own countries are busy lining up to sell us out (“us” being dual citizens and “US person” permanent residents) as quickly as they can to the US government.
FATCA means Americans will pay more for things like Toilet Paper
FATCA could stand for “For Americans Toiletpaper Costs Alot”.