” I AM CANADIAN. I THINK (Slide 8) Thousands of Canadian residents who were born in the U.S. were taken by surprise this summer when the U.S. Internal Revenue Service (IRS) announced it would be taking serious action against non-resident U.S. citizens who haven’t filed their American tax returns. U.S. income taxes are based on citizenship so thousands of Canadians with dual citizenship have to file several years worth of back returns, even when they haven’t lived or worked in the U.S. for decades. “
Dumping on Newt? Hardly
My Christmas Eve post made its way to Townhall, thanks to Just Me, who passed it on to Daniel J. Mitchel of the Cato Institute. A certain Pamela reacted: “Did okay UNTIL you got to the dump on Newt.” She was reacting to the words that Newt Gingrich said in the post, explaining why he supported the nabbing of Santa Claus in a foreign country: Continue reading
Stop Citizenship-Based Taxation – Repeal FATCA
This is a repost from RenounceUSCitizenship.
“U.S. citizenship-based taxation is unique in the world and recent related actions undertaken by the IRS and Congress are literally destroying the community of Americans residing overseas and will consequently do irreparable damage to U.S. competitiveness in world markets.”
U.S. citizens may have trouble finding qualified tax preparers
This is a repost from RenounceUSCitizenship
The United States of America – A Nation of Forms
As it stands, there are a number of normal investments prohibited to U.S. citizens living abroad. U.S. citizens living abroad will likely find it much more difficult to find an accountant or tax prep person to help them with their taxes. There are at least three reasons: Continue reading
Fear Fatca….the Book…not the show..
Would anyone be interested in starting a book or information guide that outlines the ramifications and consequences that face citizens and residents of another country when dealing with US legislative powers in an attempt to rule and control your finances?
Continue reading
Breaking News: Santa Claus arrested
U.S. Federal agents arrested Santa Claus earlier today at the North Pole. Special Christmas Edition (Merry Christmas to all and to all a good night!)
FATCA's impact on publicly traded trusts
Petros asks how FATCA will impact publicly traded trusts in Canada which have most of its income from US sources.
Liberty's Exiles – Loyalists in the American Revolution
The truth is that the Patriots were NOT an overwhelming majority. In fact, the early colonies came within one vote of agreeing to something close to the British North America Act. Would you like to have a Loyalist during the American Revolution? If you knew what they had to endure, the answer would be no.
I came across a fascinating book (just walking around a bookstore) titled “Liberty’s Exiles” by Maya Jasanoff. I read the first chapter and was hooked. Then I came across the video of the author herself. This video is worth an hour of your life. If you watch the video and read the reviews, I suspect will get the message of the book.
Study on expats – Small way to help get the word out
Came across a blog: http://uscitizensabroad.wordpress.com. The author is collecting the experiences of expats. She has a survey on the site. Although, questions about persecution are not asked, I expect that she might be interested in this.
The stalker: divorce from the United States is a messy process
The United States is like an ex-wife or ex-husband who hasn’t figured out how to let go. Indeed, the IRS stalks its former citizens by insisting upon a messy divorce process, which aims at dissuading the wealthy from leaving. But like any bad relationship, stalking makes the former lover hate even more the one who can’t let go. Certainly, this stalking behavior will not lead the expatriated person to run back into the arms of his former lover!