The US is all about having total world control. The FACTA is merely the largest extension of this scheme to date. US citizens who live abroad are still required to file US tax returns even though they receive no real benefit from any US Government services. The US Government’s true desire is to have leverage over the maximum number of people, companies, and whole countries that they possibly can. I think this fact alone explains the $450 renunciation fee. They simply don’t want to lose control over people. It’s not really Continue reading
Obama unites the world against the U.S.
Do you remember a time when Barack Obama was considered a unifier? He is the most divisive figure in U.S. politics. He has also managed to:
– unite the world against the U.S.
– turn five million U.S. citizens living in other countries against the U.S.
In another superb post, Daniel Mitchell of the CATA institute explains why:
Republicans are turning against Ron Paul
I made the following comment at the American Thinker, which has lately published a spate of articles saying that Ron Paul is a nut case. I ask, what could be more insane than $1.5 trillion deficits with no end in sight? Of course, I won’t be voting in the next election.
My story (foxyladyhawk)
I was born and raised in Minnesota, one of four children of Canadian parents. Since all my cousins and aunts and uncles lived in Canada, we traveled across the border frequently as I was growing up. I spent my summers at a YWCA camp on an island in the Canadian waters of Lake of the Woods, with my sisters and my Canadian cousins. After finishing an undergraduate degree in biology, I immigrated to Canada in 1969, during the Vietnam war. I did a PhD in developmental neurobiology and Continue reading
FATCA — It will adversely affect Snowbird and other Canadian investment in Florida, Arizona and similar USA winter retreats.
There are many Canadians supporting the Florida economy, as well as that of Arizona and other USA winter retreats !!!
In the United States: Too much of the tax burden falls upon the wealthy
Tax Freedom day in Canada is June 6; in the United States it is April 12. In the United States, 50% of wage earners pay only 3% of the total income taxes. Do you see a problem?
Eroding Financial Privacy: PIPEDA & FATCA
http://michaelpower.ca/2010/11/eroding-financial-privacy-pipeda-fatca/
” As noted in the previous post, we now have a new American law – the Foreign Accounts Tax Compliance Act (“FATCA”) — that essentially requires organizations in Canada to identify clients who are American; obtain their consent to the disclosure of sensitive personal information to the IRS or withhold the provision of a service for a failure to provide that consent. How does that mesh with the obligations of those organizations under Canada’s Personal Information Protection and Electronic Documents Act (“PIPEDA”)?
Double taxation, the tax treaty, and why GST/HST doesn't count
The purpose of the tax treaty between the United States and Canada is laudable: to avoid the double taxation of residents. But the problem is that the United States imposes an unconstitutional extra-territorial taxation of “United States persons” no matter where they live in the world, even in the high tax region of Canada. But one huge problem with the treaty is that it does not count HST/GST as tax. It is of course a big reason why Canadians are marred by taxes (as Gary Marr of the Financial Post says).
Links and reflexions
Petros discusses some links he found over the holidays: MF global scandal, Scotia Bank and FATCA, Mexico and FATCA, Reflexions on NAFTA
Outline for a book project: A proposal
And then there were none: How the United States government is persecuting United States persons living abroad and what we can do about it. Continue reading