PEQ and the Associationn of Foreign Banks in Switzerland hold FATCA Conference 2012
An early April Fools Joke
U.S. Corporate Tax Rate Becomes Highest on April 1
Michael Cohn continues to put up interesting and good stories on Accounting Today. If you are like me, I never thought I would be reading a publication like this. I never took an accounting class in my life. I basically hate numbers analysis, but can do it if I have too! That is just another drudgery… The Drudgery of the Numbers. Anyway here is the link to the story for your weekend reading. Continue reading
U.S. Tax-Evasion Probes Said to Slow as Prosecutors Transfer
The U.S. Justice Department has lost almost 30 percent of its tax prosecutors in the past month, slowing a U.S. crackdown on offshore banks that enabled tax evasion, according to four people familiar with the matter.
Two sources. Bloomberg Story and this from Mainjustice.com Continue reading
Ron Paul – "The border can be used to keep us in" – Politician or Prophet?
Cross posted from RenounceUScitizenship
“The Border Fence Can Be Used To Keep Us In” – September 7, 2011
Interestingly, he also talks about “capital controls”. FATCA – the new Berlin Wall – is a form of capital control.
This video generated many comments. Most people think that Ron Paul is out of his mind? One comment said:
“Ron Prescience for president!”
Continue reading
Update from Credit Union Central of Canada on Budget and #FATCA
Everyone should read this. You need to scroll down several pages.
Flaherty hikes border shopping limits
Even this may prove unhelpful to the US since Carl Levin is hell bent on destroying the US economy.
Flaherty hikes border shopping limits
Clear your credit card and prepare your shopping bags – you’ll soon be able to spend more while on short cross-border trips.
The federal government is increasing the amount travelling Canadians can dispense on goods without having to pay duties and taxes on them upon their return.
One-third of Americans Abroad Caucus supports passport-confiscation "highway" bill
Last week, a number of Democrats in the U.S. House of Representatives, including more than a third of the putative members of the Americans Abroad Caucus, co-sponsored the introduction of HR 14, the House version of the Senate “highway” bill S 1813 we discussed earlier. That bill included provisions to let the IRS revoke or deny issuance of a passport, and also to give the U.S. Treasury the authority to illegalise credit cards from banks which they feel are “uncooperative” with the U.S.’ attempts to tax the whole world.
In a comment, Just Me points to some temporary good news: instead of voting on HR 14, House Republicans instead pushed through John Mica (R-FL)’s three-month highway-funding extension bill HR 4281, the ninth extension of the Bush II-era SAFETEA-LU act.
Canada's official opposition party takes a stand on FATCA and issues that affect dual nationals
I posted this on another thread, but it’s worth repeating as it is an indication that our concerns are reaching those who are in charge of watching those who are in charge:
NDP Position on the US Foreign Account Tax Compliance Act (FATCA)
Attention In vitro Americans, you may not even be American!
US citizenship is denied to children who cannot prove that either their sperm and egg donors were US citizens.
http://www.usatoday.com/news/world/story/2012-03-19/in-vitro-citizenship
Report on March 26 Ottawa Centre meeting on FBAR and FATCA
As announced on another thread, there was a public meeting organized by Paul Dewar MP (NDP, Ottawa-Centre) to discuss FBAR and FATCA on the evening of March 26. I attended that meeting, along with at least two other Brockers (Deckard and Pacifica).
I am attaching in PDF format my two-page summary and impressions of the meeting. I delayed posting this until Deckard and Pacifica both had a chance to look at a draft and give me some comments on it. However this is my summary, from my own notes and memory, and they certainly are free to exapnd on or disagree with anything in it.