Category Archives: Renunciation

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:

Mr. Townsend reports that:

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And Homelanders wonder why #Americansabroad are renouncing US citizenship

 

The above tweet references a comment at the MapleSandbox.ca blog that is worth turning into a post. And they wonder why people renounce U.S. citizenship!

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Cook v. Tait 18: #Americansabroad by their very nature benefit the US government wherever they may be found

The above tweet references a fascinating discussion about the best Thomas Jefferson quotes. Homelander lawyers often justify U.S. citizenship-based taxation by citing the 1924 U.S. Supreme Court decision in Cook v. Tait. The world in 1924 is very different from the world today. What is meant by “taxation” in 1924 is very different from what “taxation is today”. Neither the factual context nor the reasoning in Cook v. Tait bears any relation to the world today. The quote referenced in the above tweet is:

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More on phantom capital gains and the injustice of U.S. taxation of #Americansabroad

I was alerted to the above comment that appeared on Facebook. Here we have one more casualty of the “Code of Conduct” that governs Americans abroad. You have heard the saying:

“When in Rome, do as the Romans”.

When it comes to Americans abroad, the Code says:

“When an American goes abroad, do as an American in the Homeland.”

The above tweet references an article on how dangerous Foreign Exchange rates can be to the financial health of an American abroad. It’s fascinating how fluctuating exchange rates impact the lives of Americans abroad in so many ways.

By the way, the Canadian dollar is feeling. This means that:

2015 is a very good year to renounce U.S. citizenship. To understand why, read this post.

 

 

 

 

 

John Gibson in New York interviews Keith Redmond in Paris and the train wreck known as ‪#‎FATCA‬ ruining American lives

 

 

 

Seems to me that @RepubAbroadHK have cart before horse – RBT legislation needed now

 

 

 

It’s 11:00 p.m. – Do you know what your child who you registered as #Americansabroad is doing?

Yes, it’s finally begun. We have our first reported case (if true) of a child suing the parent for contaminating him with U.S. citizenship.

 Here’s the story …

“Hey, I didn’t choose where I was born. It just kind of happened.”

The problem of unwanted U.S. citizenship is becoming bigger and bigger. The world of Americans abroad includes membership in the worlds most exclusive and most punitive “Tax, Form and Penalty Club” (well if you are obeying the “Membership Rules” and if you can understand the “Membership Rules” to begin with).

Those who don’t want to be members of “Club Penalty” are simply running and hiding. But, in a FATCA world, those with a U.S. birthplace are learning that they:

“Can run, but they can’t hide” – Eventually they will be FATCAed out.

The word is out:

It’s pretty much impossible to abide by the rules of this exclusive club and have any kind of a life. People are relinquishing U.S. citizenship in droves. The Obama administration has responded by raising the renunciation fee to $2350. The fee increase in likely to create more panic increasing the number of renunciations.

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Does the U.S. really want to lose @JTepper2 as a citizen? Renunciation of U.S. citizenship – Jan. 2015

The above tweet references an op-ed that appeared in the December 7, New York Times. The “Op-Ed” was interesting, well written and didn’t add any new insights or information. I then researched who this person is. He is a highly accomplished author, fund manager in London. In fact I intend to read at least one of his books.

Q. Does the U.S. really want to lose citizens of this calibre?

A. They don’t care and they don’t care that they don’t care.

“Stupid is as stupid does.”

This sentiment is confirmed in:

In the words of this Homelander:

I think the real question is what makes you an American. If you don’t live here and feel no responsibility for supporting the country, why would anyone care if you decide to renounce your citizenship? There are plenty of people in the world who WANT to be Americans. Many of them come here, contribute to the country and want to become citizens. Those are the real Americans, not the folks who inherited the moniker but seem to think they have no responsibility for the contributing anything to the country.

The “op-ed” by Mr. Tepper includes:

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Post your FATCA/FBAR/CBT article here (on this new blog)!

https://twitter.com/USCitizenAbroad/status/521235922084323328

Yes, please do! I completely support this initiative.

Welcome to a new blogger on FBAR, FATCA and the other ways that the U.S. violates the sovereignty of other countries through it’s uniquely oppressive taxation practices.

No wonder that the motto of Americans abroad is:

Renounce and Rejoice!

Post it Here: Why FBAR/fatca/cbt is All Wrong

If you are tired of the USA’s FBAR, Citizenship-Based Taxation (CBT), and FATCA—this is YOUR place.

If you want to make a post of your own, send in a comment with simple instructions.  Instead of approving your comment—I will copy paste it in to your own post.

Give your instructions as to whether you want to be anonymous, input a nom de plume, or want to put in your real name

We invite all affected by this nightmare—including those in the banks and governments who have to deal with this mess.

Many people don’t have their own blog site, and many people want to be together on one site.

Post it here.

I’ll do my best to timely put it up and send a twitter announcement!

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Time for #Americansabroad forced to renounce citizenship to pursue legal remedies in US courts

This post is motivated in part by Robert Wood’s latest post titled:

Record Numbers Renounce U.S. Citizenship – And Many Aren’t Counted

Of course Mr. Wood’s article is based on “Official Relinquishments”. As explained by FromPatriotToExpatriate in a comment to Mr. Wood’s post:

Robert:

As always, thank you for keeping this issue “front and center”.

Thank you also for suggesting (this is unquestionably true) that the number of “reported renunciations” is well below the reality. The “reported renunciations” are based on those who are seeking a CLN based on the conditions of S. 349 of the Immigration and Nationality Act. In other words, they go to a U.S. consulate and either:

1. Formally renounce; or
2. Inform the consulate they have previously committed a relinquishing act.

In either case, they are asking the consulate to help them obtain – what is the most sought after document in the world today – that is a certificate of loss of U.S. nationality (CLN). Furthermore, some are paying “big money” to achieve this. There is NO QUESTION that the numbers of those actively seeking the CLN are under-reported.

But, as one commenter has correctly suggested, the number of Americans who are actively seeking the CLN, is very small relative to the people who have simply “unofficially relinquished their U.S. citizenship” by taking the position that:

A. They are no longer U.S. citizens in their minds and hearts.

B. They are willing to never return to the United States.

C. They will simply live life attempting to “hide their U.S.ness”

This is by far the largest number and at the end of the day, this is the greatest tragedy.

The very rich and the very poor can afford to formally relinquish. The “middle class” can’t afford to come into tax compliance or if they are in tax compliance, they can’t afford the “Exit Tax”. The simple truth is that a person who owns a “mortgage free” house in most major cities coupled with any attempt to save for retirement, means they will exceed the two million threshold on paper. In other words, for the middle class to officially “relinquish citizenship” means they will have to turn their retirement assets (which were never earned in the U.S.) over to the IRS.

So, that’s the deal. Barack Obama promised “change we can believe in”. What he delivered was “change we could never imagine”.

Also, Americans abroad have traditionally been good ambassadors for America. Obviously, that is no longer so. In fact many Americans abroad are now very “anti-American”. In a world where the U.S. is widely disliked, where it’s official ambassadors are distrusted and ridiculed, the U.S. needs all the “unofficial ambassadors” it can get. In the past the U.S. has had benefited from its citizens abroad – who have (on the whole) been loyal and patriotic citizens.

Finally, although Homeland Americans don’t care about this, if they paid attention, they would see how the U.S. government has put an “iron curtain” around the U.S.

This is how we treat those who have already left the U.S. This is what will happen to you if you leave the U.S.

 

Perceptions of U.S. citizenship abroad – How you will be treated if you leave the U.S.

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