The now famous Jack and Jill want to help others facing tyranny of IRS. Using their wealth, Jack and Jill fund and produce the movie: War of 2012. Because Canadian cast and crew vow to never return to United States, War of 2012 films entirely in Canada, pumping money into Canadian economy.
Jack and Jill donate all proceeds to Isaac Brock Society.
The IRS uses the threat of severe FBAR penalties to frighten taxpayers into the Offshore Voluntary Disclosure initiatives (OVDI). Thanks to a document uncovered by Showdown, we now know that the IRS is bluffing. This is an example of bad faith.
Ron Paul and three other members of Congress write to tax-cheat Secretary of the Treasury, the Honorable Timothy F. Geithner, to warn him of how foreign investors will pull their money out of the United States if FATCA is implemented.
( Washington , D.C. , Tuesday, February 21, 2012) The Center for Freedom and Prosperity Foundation, joined by 23 of the country’s most influential free market and taxpayer rights organizations, sent a letter to Treasury Secretary Timothy Geithner urging withdrawal of an Internal Revenue Service (IRS) regulation that would discourage capital from the U.S. economy and weaken the American financial system.
Petros has learned that Steven J. Mopsick made one mistake about Jack and Jill: before paying their OVDI fines, they decide to opt out.
Cross posted from RenounceUScitizenship
If this is true, it is will go down as one of the best examples of the worst judgment in the history of the IRS. You will find the complete write up on this story here:
I wanted to post a link to a recent article showing some favorible remarks from some members of European Parliament related to FATCA. It appears MEP Catherine Trautmann is of France is quite fond of FATCA and recently called for the EU and US to join together to make FATCA a new global standard. Trautmann appears to have no regard for the issues raised here.
Petros asked me put my post from another thread in a new post. Here it is:
I received a letter today from Bob Rae, Interim Leader of the Liberal Party (although letterhead says Liberal Leader—no reference to Interim. Hmmm).
Petros responds to Steven J. Mopsick, 30-year IRS veteran latest comment, that some Canadians have probably found that the Overseas Voluntary Disclosure Initiative penalty of 27.5% is actually quite a good deal, since these Canadians are tax cheats and frauds. UPDATE: Steven J. Mopsick responds with a Jack and Jill scenario of a wealthy montréalais couple with a Swiss Bank account.
