I wonder if this bank will accept deposits from all Swiss residents, regardless of where they were born?
Noli me tangere: An Open Letter to Honourable James Flaherty, Canadian Minister of Finance
A reader has asked me to post the following letter to Finance Minister Jim Flaherty, a warning about FATCA.
Prepared Remarks of Commissioner Douglas H. Shulman before Tax Council Policy Institute 15.02.2012
See: “IRS Newsroom”
I found the following paragraph interesting: “A year ago we actually delayed the opening of tax filing for 6.5 million Americans, from January 14th to February 14th because of late tax law changes. That meant 6.5 million people, including school teachers who wanted to take a deduction for classroom supplies that they paid for themselves, had to wait an extra month to get their refund. In any public policy arena, policymakers should strive to give those implementing a law enough time to do it right.”
So he can be reasonable sometimes and proactively suggest that policymakers ensure that the IRS be nicer to US-based “Minnows” but not to Minnows abroad?
Full Ostrich
I personally think that the folks who try to run and hide are going to get it. The works — fines, possible criminal prosecution and possible deportation from the host country. And it’s so easy to find us. Victoria
A lawyer who presented to a group on the topic of U.S. taxation of Canadian residents recently offered up the colorful phrase full ostrich to describe noncompliant persons whose strategy remains that of keeping on keeping on.
Canadian House of Commons votes to legalize sports betting
United States "overcharging" the Russians: Why the United States needs its expats
The State Department enjoys a multi-billion dollar budget. Why then would Hillary Clinton embarrass the United States in front of the Russian Foreign Minister?
Negative Option Marketing
Is it possible that the U.S. Supreme Court by saying that a person is presumed to have the intent of keeping U.S. citizenship is actually guilty of using negative option marketing. What you may ask is negative option marketing? Here is one definition:
Any males aged between 18-25 who have renounced?
Right before I left the US to go to university my parents filled in the “selective service” conscription card for me that came in the post. I haven’t in all honesty thought anything about it until today.
Where is America headed?
Just a quick post to draw readers attention to this latest commentary by Naomi Wolf at the Guardian.
“The US is sleepwalking into becoming a police state, where, like a pre-Magna Carta monarch, the president can lock up anyone.”
Does FATCA officially mean the end of banking privacy?
Here’s an excerpt:
Banking privacy is dead. Completely, totally dead. Murdered, really. The US government is the assailant, and FATCA is the murder weapon.