There is a very good discussion going on over at Brock regarding the “Transition Tax” and the unintended consequences that may be passed on to expats. Fortunately, this cross-posted comment by USCitizenAbroad demonstrates how we have moved from the complicated verbiage of statutes/IRS Code to something understandable. (!!!!!) @Plaxy First, there has neverContinue reading “It’s the Subpart F Rules, Stupid”
Author Archives: citizenshiptaxation
Seven Simple Points to be Made Re: Transition Tax and CFCs
This comment from the Isaac Brock Society makes basic points to be made with regard to the proposed “Transition Tax” in both the House and Senate Tax Reform Bills. Every expat who knows there are private individuals who are incorporated in their country should be contacting relevant government representatives giving them theContinue reading “Seven Simple Points to be Made Re: Transition Tax and CFCs”
ADCS-ADSC & ADCT Letter to U.S. Congress
— In this press release we ask United States Congress to fix a problem in the present House/Senate tax bills that targets certain Canadian citizen/residents who own an incorporated business — and more broadly — to “stop imposing worldwide taxation on any Canadian resident”. The press release is being sent in part to membersContinue reading “ADCS-ADSC & ADCT Letter to U.S. Congress”
Parsing Proposed Legislation -Intended Confiscation or Not?
cross posted from The Isaac Brock Society Is there a duty to obey a law that was never intended to apply to you, even if the literal reading of he law suggests that it may/does apply? USCitizenAbroad says November 22, 2017 at 7:13 am @Karen notes: At theContinue reading “Parsing Proposed Legislation -Intended Confiscation or Not?”
U.S. CBT is Enforced ONLY by the Compliance Industry
#FATCA is enforced NOT by the USA directly but by the banks & U.S. #CBTax is enforced ONLY by the compliance industry https://t.co/GWwaGrnmbO — Homelander NOT (@Homelander_NOT) November 21, 2017 https://platform.twitter.com/widgets.js This post is based upon a comment of USCitizenAbroad at Brock. It makes a very important point that all of us shouldContinue reading “U.S. CBT is Enforced ONLY by the Compliance Industry”
The Ownership and use of the U.S. Person which includes a Citizen as an Instrument of Foreign Policy – Parts V & VI
cross-posted from citizenshipsolutions originally published July 7, 2016 The Ownership and use of the U.S. Person Which Includes a Citizen as an Instrument of Foreign Policy by John Richardson Part V – Why Americans abroad are renouncing U.S. citizenship … Put it this way: Ireland recently opened a museum honoring theContinue reading “The Ownership and use of the U.S. Person which includes a Citizen as an Instrument of Foreign Policy – Parts V & VI”
The Ownership and use of the U.S. Person which includes a Citizen as an Instrument of Foreign Policy – Part IV
cross-posted from citizenshipsolutions originally published July 7, 2016 The Ownership and use of the U.S. Person Which Includes a Citizen as an Instrument of Foreign Policy Part IV – The use of U.S. citizens as instruments of foreign policy by John Richardson To leave the USA one needs a passport and whenContinue reading “The Ownership and use of the U.S. Person which includes a Citizen as an Instrument of Foreign Policy – Part IV”
The Merry-Go-Round of “Unintended Consequences”
This provision is not designed to catch individuals (I think), and certainly not Americans abroad – they are collateral damage. it’s incredibly unfair. A little more than 10 days ago, an article by a Canadian tax lawyer claimed the proposed House Bill contained two very startling changes that would affect #AmericansAbroad: BAD NEWS FORContinue reading “The Merry-Go-Round of “Unintended Consequences””
The Ownership and use of the U.S. Person which includes a Citizen as an Instrument of Foreign Policy – Part III
cross-posted from citizenshipsolutions originally published July 7, 2016 The Ownership and use of the U.S. Person which includes a Citizen as an Instrument of Foreign Policy Part III – I’m a “Toxic American”, but it’s not my fault – How U.S. regulation makes “U.S. citizens undesirables in other nations … byContinue reading “The Ownership and use of the U.S. Person which includes a Citizen as an Instrument of Foreign Policy – Part III”
NO Evidence of Intent to apply the “”Transition Tax” to Small Business Corporations of #AmericansAbroad
It appears that we are very likely at a breaking point in this intolerable situation faced by expatriates as regards U.S. application of citizenship-based taxation. Tax reform does not happen often. It is critical that relief for expats occur in the current legislation. Many of us simply will not be around in 30 yearsContinue reading “NO Evidence of Intent to apply the “”Transition Tax” to Small Business Corporations of #AmericansAbroad”
Citizenship Taxation 