Rex Murphy: Without his cabinet stars, Harper is left to sell himself. And that’s not something he’s very good at
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Monthly Archives: June 2015
Renouncing US citizenship? How the S. 877A “Exit Tax” may apply to your Canadian assets – 15 Parts
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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It’s 72 Hours Until FBARs are Due – Do You Know Where Your Children Are?
https://twitter.com/USCitizenAbroad/status/614815612993437696
Filing an FBAR is a “rite of passage” for all Americans. It starts with the children.
97 Hours Until #FBARs due & Hey! Don’t 4get Ur US Person-Kids :Children,Taxes & #FBAR’s –Not Mere Child’s Play! http://t.co/eMwBFs5v91
? U.S. Expat Canada (@USExpatCanada) June 27, 2015
At one minute to midnite, there will be 72 hours left for ALL US Persons to get their affairs in order and get their FBARs filed. And don’t forget, you cannot get an extension for FBAR.
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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Cook v. Tait 27: The US Government uses the fact of “U.S. citizenship” to control #offshore banks
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:
It’s Time to Consider Litigation Against U.S. Citizenship-based Taxation
“Cook v. Tait” – Book of posts https://t.co/ENUaLAQ4v3 – Does citizenship taxation make sense in the modern world? Will it survive #FATCA?
? 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:
citizenshiptaxation.wordpress.com
www.facebook.com/groups/citizenshiptaxation
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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#FBAR and #OVDP Victims On Streaming Media
