It's a #FATCA attack! American TaxMan Stay Away From Me!! http://t.co/bVXpqdZxUR – #Americansabroad join in!
— U.S. Citizen Abroad (@USCitizenAbroad) October 23, 2013
For those who are not Twitter Literate click here.
Love it!!
It's a #FATCA attack! American TaxMan Stay Away From Me!! http://t.co/bVXpqdZxUR – #Americansabroad join in!
— U.S. Citizen Abroad (@USCitizenAbroad) October 23, 2013
For those who are not Twitter Literate click here.
Love it!!
12 years a slave movie http://t.co/K5KtitCdTE – Story with a Canadian connection that is not the Freedom Crossing http://t.co/EMpzrhGCmq
— U.S. Citizen Abroad (@USCitizenAbroad) October 23, 2013
If you haven’t seen the movie 12 years a slave I suggest you do so. In particular the last 45 minutes is extremely thought provoking. Incredibly the story takes place about 160 years ago. The good news is that the world as come a long way. That said, it is a reminder that “freedom” is a delicate thing. As Ronald Reagen would say:
Freedom is never more than one generation away from extinction.
The movie takes place before the Civil War and before the 14th Amendment. As you know the “Equal Protection” clause of the 14 amendment was for the purpose of giving Blacks equal citizenship.
Will their fellow Minister Jim Flaherty follow Hogg’s advice on FATCA too? While we are at it why not submit the text of the US model 1 FATCA IGA for a Supreme Court of Canada reference?
http://www.justice.gc.ca/eng/news-nouv/nr-cp/2013/doc_32973.html
The Honourable Peter MacKay, P.C., Q.C., M.P. for Central Nova, Minister of Justice and Attorney General of Canada, announced today the steps the Government has taken to clarify certain eligibility criteria of Supreme Court Justices.
A Reference will be launched by the Attorney General of Canada, in the Supreme Court of Canada, relating to appointments to the highest court. Declaratory provisions have also been introduced to the Supreme Court Act.
“Our Government will defend the eligibility of longstanding members of the bar in all provinces and territories to sit on the highest court in Canada,” said Minister MacKay. “Longstanding members of the Quebec bar should be, and are under the law, treated the same as lawyers in other provinces and territories in Canada.”
According to the legal opinion of former Supreme Court Justice Ian Binnie, whose professional recommendation was sought before the appointment of Justice Nadon, someone who has been an advocate of the Quebec bar for at least ten years at any time during their career is qualified to be appointed to the Supreme Court of Canada. This view was also supported by both former Supreme Court of Canada Justice, the Honourable Louise Charron, and noted constitutional expert PETER HOGG.
If ObamaCare rollout is the most recent example of U.S. Government (USG) incompetence, then is this what we should expect of FATCA?
I just read this article by Tina Brown of the progressive Daily Beast about the ObamaCare Cock-up. I thought it was the good metaphor (not perfect) for the predictable FATCA Cock-up. The only difference is FATCA is global. Americans don’t know it exists, so don’t know that a Cock-up is in process.
I don’t think I need to expand much on why what she says is generally true, other than to note the opening and closing paragraphs. You can draw your own parallels, as I did mine, but generally this rollout fits the bigger theme, that American government is culturally unable to do these BIG COMPLEX programs well.
The big announcement and lousy follow-through, the technical glitches no one can figure out—not only was the roll out mess utterly predictable, it’s also a sign of our cultural moment.
Obamacare is the wildly complex Rube Goldberg contraption it is because getting the legislation through Congress required so many political trade offs and so many unavoidable deals with so many vested interests. But that’s no excuse. Lost in the raucous cable noise are the voices of desperate people shut out yet again, this time by incompetence. And that’s tragic, not uncool. That’s obscene, not a juicy partisan spin for Ted Cruz. How ironic if Obama’s signature accomplishment becomes instead a metaphor for his presidency’s signature problem: big pronouncements and lousy follow-up, the curse of our times. Continue reading →
Treasury Department spokesman Robert Stack claims it’s a myth that US persons living their everyday lives outside the US are being harmed by FATCA. We know it’s true because the damage FATCA has caused and is causing to our lives is real.
In relation to the Stack statement, Tim noticed that Treasury was “re-iterating on twitter that NO ONE will give up their US citizenship because of FACTA and that it is only a myth that that is happening,” which caused Not Amused to write, “That makes us all mythical creatures then. If anyone related to any US government agency ever tries to contact me, I’ll tell them to have their head examined because people like me don’t exist.”
“We Are Not a Myth” is a protest on Tumblr where we post our photos to show that we are real. You can show your face or hide it in your photo, as you wish, and you can add a message along with it. You can add your photo yourself OR e-mail atticusincanada@gmail.com and she’ll add it to the display.
Thanks much, Atticus, for setting this up on Tumblr. Thanks to Blaze for the original suggestion, “It occurred to me that would be great to do around the world as a Treasury Myth Buster. Each person could do their own sign I Am Not A Myth and perhaps the country.”
And thanks all for your photos – the visuals are so eloquent!
Strange findings from a recent survey by Rasmussen Reports: when asked “have you ever considered giving up your U.S. citizenship?”, nine percent of 977 U.S. adults responded that they had:
Few Americans have ever thought about giving up their U.S. citizenship … Perhaps in part that’s because 93% consider it at least somewhat important to be a U.S. citizen, including 79% who think it is Very Important … Men are more likely than women to have considered giving up their U.S. citizenship. Democrats are less likely than Republicans and unaffiliateds to have considered it. But sizable majorities across all demographic categories have never given a thought to quitting their U.S. citizenship.
Keep in mind however that this is a so-called “national survey” — by which they mean a survey conducted throughout the territory of the State, not among a representative sample of members of the nation located both on State territory and abroad. But just think: if 9% of Homelanders have toyed with the idea of renouncing U.S. citizenship, how many Americans abroad do you imagine are considering it?
October 16, 2013
From: Bilan, Switzerland
By Mohammad Farrokh
The Swiss are likely to vote to overturn a FATCA agreement with the US Treasury Department, which has recently been ratified by Parliament. On October 8, a STOP-FATCA referendum committee has been set up, amid skepticism and fears of US reaction. Direct link to access the referendum is here
[Note: FATCA (Foreign Account Tax Compliance Act) is a law requiring Swiss Banks to transmit the financial data of US expatriates, as well as many Swiss citizens, to the IRS. Original French (translated by Victoria Ferauge): Money & Finance “FATCA: un référendum pour briser la peur”] Continue reading →
http://www.investmentexecutive.com/-/your-american-clients-and-the-irs?redirect=%2Fsearch
While canadian financial services institutions scramble to prepare for the new U.S. law that requires them to report on accounts held by their American customers, those clients may need a helping hand now.
The new regime starts next summer. For the estimated one million Americans in Canada, this new law means it will be almost impossible to remain off the radar of the U.S. Internal Revenue Service (IRS) any longer. As a result, your American clients may be panicking and in need of advice and reassurance.
That’s also partly because many such clients have been in denial for some time. But that denial is now a recipe for trouble. “For people who aren’t filing [their U.S. tax returns and] thinking, ‘I’m a small fish; they’re never going to get me’,” says Christine Perry, a lawyer with Keel Cottrelle LLP in Toronto who specializes in cross-border tax law, “I think that’s just a naive way of looking at it. Their accounts will be reportable accounts, and banks will turn over all that information to the [IRS].”
The following is a translated portion of a German song. I replaced the word “woman” with “country”. Nothing is complete without a good song to go along with it!
[Intro]
This was by far the worst week
That I ever had in my entire life
I don’t know if I should stand up
I have no plan on what I should do
Because somehow everything is crappy
Never before was I so far down on the ground
Because I know that my entire savings are gone
And my country has betrayed me!
Uuah, Whatever![Hook:]
Bye (bye), I feel so free (free)
I don’t want to go back home
And I don’t give a damn shit about tomorrow
I lift a glass and scream:
Bye (bye), I feel so free (free)
I don’t want to go back home
And I don’t give a damn shit about tomorrow
I lift a glass and scream[Part 1:]
Now I am so free (free)
And I stand up again
I am alone and I scream
Go out again
Jump in the nikes, fly