Monthly Archives: July 2013

Cook v. Tait 10: Opinion – Those born outside the US, to US citizens, are NOT automatically US citizens

“In order to receive a “CRBA” (Consular Report of a Birth Abroad) the birth of a child must be reported before the child’s 18th birthday.”

Question: Does that mean the child is not a citizen until the birth is reported?

212 AD – Rome bestows citizenship

In 212 A.D., Roman Emperor Caracalla issued a declaration named – wait for it – the Edict of Caracalla (imagine that). The Edict granted citizenship to all free men within the Roman Empire. …

He would bestow citizenship on provincial folks. Things then worked somewhat the way they do now in that governments tend to treat tourists and part-time residents better than full-time citizens. As a result, those living in the far-flung areas of the Roman Empire were aliens and exempt from paying tax.

Caracalla’s seemingly outstretched hand was a farce. His lavish spending required more tax revenue that only extending the tax base by force could do. Only, like many politicians today, Caracalla knew that it would be easier and more expedient to pretend his power grab was all about giving people more rights. In reality, he just needed more tax revenues and more military recruits.

Excerpted from “The ancient citizenship no one asked for” by Steven Henderson of Nomad Capitalist – June 27, 2013

History demonstrated that expanding the number of citizens tax payers in  Rome could not save Rome from its irresponsible spending.

Sir John Templeton, was fond of saying that the most dangerous words in the investment word are:

“This time it’s different”.

He would be appalled to watch the United States repeat the folly of Caracalla.

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Opinion: #FBAR penalties cannot be automatically assessed on an e-file

Since the filing of FBARs online became possible I have heard various things about whether and/or how penalties are to be assessed. Effective July 1, 2013, the presumption is that FBARs are to be e-filed. This raises the question of filing FBARs online and the possibility of penalties. The issue is described by David Treitel as follows:

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