Eric Lam says that while the Canada and the United States have a committed marriage trading relationship, this doesn’t stop them from committing affairs with others.
Scotia Bank: December 31 Letter to Clients from Scotiabank, for review
Sent to me from a friend:
Letter from Scotia Bank (update, I’ve removed the pdf and have included a link to Scotiabank’s nicely formatted Winter newsletter which contains the same text).
The Great Escape – the Future of the American Diaspora
I found this site the other day and I thought it was very interesting. We know that the American Diaspora stands at about 6 million right now but what will it look like in the future?
This fellow and his organization (Americawave) think it will grow. He’s done some interesting studies with MPI (Migration Policy Institute). Here are some of his results: Relocation Statistics. He also produced this video that he posted on Youtube:
On his site there is also an article he wrote for Barron’s entitled The Great Escape. It’s less about sheer numbers and more about the kind of person who is considering relocating: young, educated, just starting a career, the adventurers and entrepreneurial types.
I had an email exchange with him and asked him about the impact of citizenship-based taxation on this group of potential migrants and he replied that he didn’t think anything was going to stop these young folks from heading out into the world. I think he’s absolutely right. 🙂
Swiss People's Party Editorial on Swiss Gov't Policy, Banking, Sharing of Information
Appreciated Conversation with Honourable Mike Sullivan (NDP), fellow US Person in Canada … Reasonable Cause, Certificates of Loss of Nationality, etc.
Mike Sullivan, MP, York South-Weston, has given his permission to share my email “conversation” with him.
My original email to Honourable Mike Sullivan, MP (NDP):
Freedom of Emigration in East-West Trade, USC Title 19 § 2432
We have seen that the United States condemns Eritrea’s extra-territorial taxation of its citizens abroad. But did you know that according to Federal Law, the United States would not be eligible for normal trade relations with the United States because of its expatriation exit taxes?
FBAR penalties for "reasonable cause". The Unknown unknowns.
This is a response to @Mona that I did over on another discussion thread. Petros has suggested I make a post out of it as a stand alone, which I am doing with some amendments to my previous rushed comments.
Mona said to Roger… ” I still think that they should allow for reasonable cause. I do see what you’re saying though, especially with the possible fbar penalties. But outside of the ovdi and ovdp programmes, do you know of anyone who genuinely hadn’t known about fbar and pleaded reasonable cause still being hit with draconian fines? There don’t seem to be any cases specifically mentioned on any of these blogs.”
Here is my response:
Welcome to the United States: Lesson I. Watch what you tweet
I have to watch what I say on this blog and elsewhere on the internet. I am no longer an American citizen, and so Homeland Security could refuse me entry into the United States. Case in point: A couple of tourists found themselves in handcuffs after arriving at LAX, then interrogated for hours, placed overnight in a holding cell, and sent home to Europe the next day.
Welcome to the United States!
Access to Basic Banking Services (Canada)
Getting over my initial trepidation of making my first post here I want to bring up the subject of the Access to Basic Banking Services regulations and what specifically are Canadians rights in this regard. First the rules are implemented by the Financial Consumer Agency of Canada which is part of the Department of Finance but has its own independent commissioner a woman named Ursula Menke. The Financial Consumer Agency was created in back in 2001 and mainly handles consumer protection issues related to the federally Chartered Banks and to a limited degree those of federally incorporated insurance companies and federally incorporate trust companies (Note in the US Obama’s Consumer Financial Protection Bureau is effictively based on the FCA as on its models). Its jurisdiction DOES NOT apply to the provincially regulated stock brokerages owned by the all major chartered banks(Canada unlike every other country in the world does not have federal securiites regulator like the US SEC, UK FSA, Australia ASIC etc.)
Back to the subject of Basic Banking regulations here in my mind are some important quotes from the FCA website:
Isaac Brock and Facebook
Hi folks. I created a shiny, new Facebook page for the blog and it should automatically pull new posts from here. The one thing I’m scratching my head over is how to get a Like button on the blog to link back to Facebook. Apparently WordPress only allows certain features to be linked on personal FB profiles rather than organization or community pages.
In any case, tell all your friends about the new page and Like us over at FB! Click on “Our Facebook Page” link at the right-hand menu.
Or simply search Isaac Brock Society through your account. “Like” us and feel free to share posts on your personal pages. Let me know if anyone has suggestions on how to make this integration better.