Category Archives: Issues regarding US persons abroad

Those were the days:

Section 611 of the Foreign Relations Authorization Act of 1979, (Public Law 95-426) enacted by the U.S. Congress and signed into law by President Jimmy Carter on October 7^th, 1978.

Section 611(a) The Congress finds that –

(1) United States citizens living abroad should be provided fair and equitable treatment by the United States Government with regard to taxation, citizenship of progeny, veterans’ benefits, voting rights, Social Security Benefits, and other obligations, rights, and benefits; and Continue reading →

Just Me copied the following to me:

FBAR_Compliant Just Me

JAMES FALLOWS continues on FATCA Menace with balance attempt from dissenting opinions. Fair enough. The Fatca Menace!

This is a followup to his New Years post, Fatca, the Menace you will hear about in 2012

So, the conversation and education of the  “normal” Americans, on the Progressive side of the equation, has started!  Let the merits of the opinions and comments be given full voice.  We need the debate.  I think it Continue reading →

James Fallows has written an article in the Atlantic about FATCA. He has indicated he will write more about its unintended consequences on US citizens abroad in the future, based on the hundreds of links he’s gotten from people in Asia, Latin America, the Middle East, and Europe.

The link is:  Fatca – The Menace You’ll Hear About in 2012

I noticed he didn’t mention Canada, so I have just written him to make sure he knows about the huge effect and consequences FATCA is having here.

Here is what I wrote: Continue reading →

Not surprisingly, I saw this article this morning: here. The US has put banking sanctions on Iran, except those transactions within the scope of the energy market. When are people going to figure it out? Sanctions and prohibition just don’t work. All it does is push banned activities onto the black market, which usually end up hurting the lowest classes the most. Continue reading →