Results For #obamataxadvice :
The first tweet gives a link to the video of conference! Although the whole conference is interesting, the panel of most interest (FATCA, etc.) – Allison Christians – starts at about the 6:35 mark.
The FATCANatic response starts at the 7:27 mark. He refers to the Drone analogy and acknowledges that it is a case of the U.S. telling foreign banks what to do. He makes three interesting points:
1. FATCA is the wave of the future for lawyers;
2. Surprised that FATCA has not been done sooner;
3. Thinks that other countries will follow the U.S. into FATCA.
Make sure you listen to it.
Discussion of matters of interest to #americansabroad:
Professor Allison Christians (starts at the 6:50 mark) introduced the conference attendees to FATCA and U.S. citizenship-based taxation.
At the 7:36 mark she answers a question from the audience which seems to be (I infer this from her answer) a two part question:
1. The questioner thought FATCA was reciprocal, so what’s the big deal?
2. Why on earth would Canadians object to filing U.S. tax returns?
Professor Christians gave a good description of the problem.
After watching this you may want to consider where the tax environment for U.S. persons abroad is going. We DO know where the career prospects for lawyers are headed! Begins with “F”.
Overall impression of the conference:
Tax policy is simply to important to allow the discussion to be shaped and dominated by tax professionals! Perhaps they should not even be included in the discussion.
Enjoy the video!
Missed Tax Advice for the 2nd Obama Admin? Check out the video here: http://bit.ly/Zwo8qV
#ObamaTaxAdvice @TaxAnalysts @SoCalTaxProf