This is almost becoming a joke. I doubt the US taxpayer is even aware of this. Today the site owner of Megaupload.com was arrested in New Zealand and will be extradited to America. The charges: facilitating copyright violations.
Should Mitt Romney release his FBARs along with his tax returns?
Check this out. U.S. citizens living in Canada are required to disclose their RRSPs on an FBAR. I assume that a U.S. citizen living in the United States would have to file an FBAR disclosing any “offshore IRA”. This is a rather interesting article. Assuming you believe that Mr. Romney should disclose his tax returns, shouldn’t he have an obligation to disclose any FBARs?
https://twitter.com/#!/renounceus/status/160082767982493696
Keystone Aftermath Arrives: Canada Pledges To Sell Oil To Asia, As US Becomes Source Of "Uncertainty" Zero Hedge
Zerohedge reports that Canadian Prime Minister Stephen Harper has indicated to the United States, “Canada will continue to work to diversify its energy exports.”
Focus
A friend of mine runs a wonderful mailing list called “Citation du jour” (Quotation of the day). He gathers good quotations from French and English-speaking sources, translates them and sends them out once a day to anyone who is interested. Today’s quotation was:
“Concentrate all your thoughts upon the work at hand. The sun’s rays do not burn until brought to a focus.”
People Aren't Listening – Remember this Poll?
I was looking at usxcanada’s site and came across this:
In more than 4 out of 5 of 3233 responses (as of 14 Jan 2012) to a Globe and Mail online poll, individual U.S. citizens in Canada indicate either uncertainty or an intention to do nothing in the belief that they can remain undiscovered by U.S. authorities. — G&M Poll
- I applied for the limited-time amnesty 9% /279 votes
- I am still working out a plan with a financial professional 10% /329 votes
- I am not sure what my options are 26% /827 votes
- Nothing, how will they find me? 56% /1798 votes
It is hard to believe this is as of last Saturday. There doesn’t seem to be an easy way to get this message across. I shudder to think that the worst is yet to come. Any thoughts about this?
A message of hope for all humanity
I came across this and thought we could all use a little hope.
Accounting Today Talks about Renunciations
Today’s edition has an article of interest.
Halifax Meeting with MP Megan Leslie (Updated)
CanuckDoc has asked me to publicize this:
I thought anybody in the Halifax area should know about the information meeting tomorrow night (Jan 18) arranged by our MP It’s all on her web page: http://meganleslie.ndp.ca/
UPDATE: Please see Canuckdoc’s notes on the meeting.
TD's bid for BankUnited falls through
How to "get back" at the IRS
I will never forget reading in late 2010 about the situation of the Canadian-Americans and many Americans living in Europe: to become compliant with the IRS and US Gov, they had to hand over large portions of their life savings to America, a country that provided them with zero benefits living in their host countries. I thought this “criminal” on the part of the IRS to sneak-in with such a thing. This has contributed to at least 60% of my decision to renounce because I want nothing to do with countries that engage in such under-handed behavior.