Monthly Archives: January 2013

I love my country, it’s the government I’m afraid of

ilovemycountry

ZURICH, SWITZERLAND – Ed. note: William Olenick has been active in Republicans Abroad in Switzerland, where he is a longtime resident. He sent the following email letter to friends 28 January; we reprint it in full as part of our coverage of the ongoing problems for US citizens in Switzerland.

As per the directive in the email/article, I am reproducing this extraordinary letter on this blog at the bottom of this post. A special thanks to Mr. Olenick for sharing his views.

More on Green Card holders and adventures in #FBAR

Amy Feldman has written a second article:

The Perils of Overseas Tax Disclosure: An Immigrant’s Story

It features more adventures in FBAR. It also raises the issue of the (possible) relationship between FBAR compliance and becoming a U.S. citizen.

Here are some comments from another blog

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Americans shall NOT unlock their own smartphones

When I first read this article I thought it was a joke. This is so crazy that I still can’t decide. Has the US gone completely out of its mind? This reminds me of Mr. FBAR.

What do you think?

According to the article:

This is now the law of the land:

ADVISORY

BY DECREE OF THE LIBRARIAN OF CONGRESS

IT SHALL HENCEFORCE BE ORDERED THAT AMERICANS SHALL NOT UNLOCK THEIR OWN SMARTPHONES.

PENALTY: In some situations, first time offenders may be fined up to $500,000, imprisoned for five years, or both. For repeat offenders, the maximum penalty increases to a fine of $1,000,000, imprisonment for up to ten years, or both.*

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Tina Turner to renounce U.S. citizenship and likely to pay money to do so!

The real story (assuming it is true) is NOT becoming a citizen of Switzerland. The real story is the renunciation of U.S. citizenship. Switzerland does NOT require her  to renounce U.S. citizenship to become a citizen of Switzerland. Furthermore, becoming a citizen of Switzerland does NOT mean that she loses her U.S. citizenship. Hence, it is clear that she is voluntarily relinquishing her U.S. citizenship. Chances are she will pay (or has already paid) a good deal of money in the form the Exit Tax to do this. To put it simply:

Tina Turner is paying money to get rid of her U.S. citizenship!

It’s gotten to the point where people are buying their way to freedom from the U.S.

It will be interesting to see how the “Homelander Elite Corp” spin this story.

She’s simply the best!

President Carter believes in Human Rights and #Americansabroad

carter

“Numbering well over one million and representing the United States around the world in all aspects of commerce, these overseas Americans constitute an important national asset. Recently, however, U.S. law governing the rights and obligations of these citizens has fallen subject to increasing criticism – first, as to its fairness; and second, as to its wisdom, at a time when America’s international economic competitiveness, which depends heavily on effective business activity by U.S. citizens abroad, is under severe challenge. I therefore deemed it important that the policy implicit in this diverse body of law be subjected to a fresh and comprehensive examination.” – Senator George McGovern July 2, 1980 – From: U.S. Law Affecting Americans Living and Working Abroad

This post is an attempt to bring together a number of comments at the Isaac Brock Society. It is interesting to compare the Democratic Party of the Carter years to the Democratic Party of the Obama years. It appears to be “night” and “day”. It is important to note that President Carter does believe that the Obama administration is committing human rights abuses. It would be interesting to   know what his opinion would be of the way in which the Obama democrats are treating U.S. citizens abroad.

The attack on U.S. citizens abroad by the Obama Democrats has been duly noted. It is interesting to note that another Democratic President – Jimmy Carter was friendly to U.S. citizens abroad. President Carter now runs the “Carter Center” in Georgia, which among other things, promotes human rights. In a June 2012 op-ed in the New York Times:

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From Facebook to FATCA

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Thanks to Just Me for posting this video at the Isaac Brock Society.

From Osama To Obama

This is a great video that focuses on the consistent:

1. Evolution of the loss of rights in the U.S.;

2. The inevitable progress of the United States into becoming a police state.

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#ObamaTaxAdvice – Pepperdine Tax Conference – January 18, 2013

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.) starts at about the 6:35 mark. The FATCANatic response starts at the 7:20 mark. 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.
Prognosis:
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.

Advice:

Enjoy the video – first tweet.

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