This is a 15-part series which is designed to provide you with some basic education on:
How the U.S. S. 877A Exit Tax rules work; and
How they particularly affect Canadians with a U.S. birthplace, who lived most of their lives in Canada.
The 15 parts are:
Part 1 – April 1, 2015 – “Facts are stubborn things” – The results of the “Exit Tax”
Part 2 – April 2, 2015 –“How could this possibly happen? “Exit Taxes” in a system of residence based taxation vs. Exit Taxes in a system of “citizenship (place of birth) taxation”
Part 3 – April 3, 2015 – “The “Exit Tax” affects “covered expatriates” – what is a “covered expatriate”?”
Part 4 – April 4, 2015 – “You are a “covered expatriate” How the “Exit Tax” is actually calculated”
Part 5 – April 5, 2015…
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Filing an FBAR is a “rite of passage” for all Americans. It starts with the children.
? U.S. Expat Canada (@USExpatCanada) June 27, 2015
Let’s take a moment to review just exactly what it is that FinCen does:
FinCEN’s mission is to safeguard the financial system from illicit use and combat money laundering and promote national security through the collection, analysis, and dissemination of financial intelligence and strategic use of financial authorities.
“Whaaaat? My chequeing account at Scotiabank is related to possible illicit use of funds, money laundering or other crimes that will affect the financial system and even worse, the national security of the United States? That…
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The above tweet references a post at the “Citizenship taxation Facebook Group“.
The post raises questions that include the following:
Can a Swiss bank be sanctioned because it fails to discriminate against U.S. citizens? Can the United States ensure that its citizens be subjected to discrimination because they are U.S. citizens? This is what is happening with FATCA and the the FATCA IGAs.
Should U.S. citizens be required to live in a world where, if they are outside the United States, they are permitted only the freedoms that the U.S. Government allows?
Interesting questions indeed.
The post about the “Non-prosecution agreement” entered into between the U.S. Department of Justice and thw Swiss Bank EKS. This was discussed on Jack Townsend’s blog as follows:
? U.S. Citizen Abroad (@USCitizenAbroad) May 6, 2015
As interest in a possible CBT suit grows, we would like to discuss CBT as an issue in and of itself, as raised in this series of posts “Cook v Tait 1-23.”
These will be available online at:
Over the last few years, some of these have been posted at Brock, some at https://renounceuscitizenship.wordpress.com while others have appeared elsewhere.
We are close to announcing that a lawsuit will be filed (not necessarily by Brock or not necessarily the Alliance for the Defence of Canadian Sovereignty) but by a small group of individuals who feel this is absolutely necessary in order to cut at the heart of/the source of, how the US abuses the lives of expats and…
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Only USA taxes based upon the status of US citizenship, regardless of their place of residence.
Citizen Rights are not purchased by taxation.
Consular services are fully funded by consular fees and have nothing to do with taxation.
America’s extra-territorial taxation was originally created as a method of PUNISHMENT for civil war deserters.
The Civil War is over. Let’s return to the founding principles .
It is time for double taxation of US citizens living outside USA to end.
Eliminate Ciizenship Based Taxation (CBT) in America and return America to the principles upon which it was founded.
It’s because Americans abroad are now the subject of direct attacks from the U.S. Government. This article ends with:
The concluding paragraph of these “thoughts” from a Homelander Abroad include:
“In summary, non Americans are concerned about American political and international knowledge because they care about the affect American policies and elections will have on their own economy and politics. But it does not follow that as individuals they enjoy discussing politics or know a lot about it. They may appreciate an American who is informed on the political front but they will cherish one who is a local sports fan or is familiar with their arts and theatre scene for example. Explore your host society in various contexts and you will soon learn that talking loudly is not the issue, it’s what you have to say that matters.”
The comments are simply amazing. A revolution is clearly coming! It’s amazing to me that there are still people who see this as a partisan issue.