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 II – U.S. Citizens living abroad – “Life in the penalty box” by John Richardson Part 1 – Life In The “Penalty Box” – U.S.Continue reading “The Ownership and use of the US Person Which Includes a Citizen as an Instrument of Foreign Policy – Part II”
Author Archives: citizenshiptaxation
The Ownership and use of the US Person Which Includes a Citizen as an Instrument of Foreign Policy – Part I
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 I – The U.S. “Giveth” and the U.S. “Taketh” – How the U.S. uses “citizenship” as a weapon against individuals … by John Richardson Continue reading “The Ownership and use of the US Person Which Includes a Citizen as an Instrument of Foreign Policy – Part I”
The Ownership and use of the US Person Which Includes a Citizen as an Instrument of Foreign Policy
cross-posted from citizenshipsolutions originally published July 7, 2016 Prologue – U.S. citizens are “subjects” to U.S. law wherever they may be in the world by John Richardson Welcome and a bit of an introduction This post turned out to be longer and cover more topics than I originally intended. The problemContinue reading “The Ownership and use of the US Person Which Includes a Citizen as an Instrument of Foreign Policy”
US tax reform bill appears to confiscate 12% of retained earnings of certain Canadian Controlled Private Corporations
UPDATE November 9, 2017 Today Chairman Brady concluded the “Mark Up” period of his proposed tax legislation. The “Mark Up” period contained NO move to “territorial taxation” for individuals. It did increase increase the “proposed confiscation” of the retained earnings of certain Canadian Controlled Private Corporation, from 12% to 14%. Renunciations to increase!: BradyContinue reading “US tax reform bill appears to confiscate 12% of retained earnings of certain Canadian Controlled Private Corporations”
Twelve % Tax on Deferred Earnings Likely to Apply ONLY to Larger/Multi-National Corporations
UPDATE November 6 2017 – see below Since the new House GOP Tax Bill came out, many are looking beyond the obvious and trying to analyze what this might really mean in peoples’ lives. This post appeared on the Isaac Brock Society on Nov 2 by Stephen Kish. The following sections areContinue reading “Twelve % Tax on Deferred Earnings Likely to Apply ONLY to Larger/Multi-National Corporations”
Will Territorial Taxation Solve All the Problems of #AmericansAbroad?
Tomorrow’s the big day! Will there be something for us in tomorrow’s Ways & Means Committee bill? Lots of hints suggest something is there. Most seem to expect a shift to territorial taxation for individuals. That’s a great start! There are still likely to be lots of issues remaining and this comment fromContinue reading “Will Territorial Taxation Solve All the Problems of #AmericansAbroad?”
Renouncing for some is excruciating & not because of the emotional ties
Barbara left the following comment at Brock earlier today. Her story is different in that she lives in a lower-tax based country (easier to owe US tax) where gaining citizenship is very difficult, if not impossible. I think this situation has come up far less often in public discussions and all of usContinue reading “Renouncing for some is excruciating & not because of the emotional ties”
October 29, 2017 Canadian FATCA IGA Legislation Litigation Update: Government delay in obtaining their expert witnesses
cross-posted from the Isaac Brock Society by Stephen J. Kish OCTOBER 29, 2017 CANADIAN FATCA IGA LITIGATION UPDATE: Our trial on Canada’s FATCA IGA legislation in Federal Court will now be delayed further because Mr. Justin Trudeau’s lawyers are having problems obtaining their expert witnesses (our side’s experts have already filed affidavits). The problem isContinue reading “October 29, 2017 Canadian FATCA IGA Legislation Litigation Update: Government delay in obtaining their expert witnesses”
Testimony: Green Card Holder Victim Of FATCA After Failing To Return Expired Card
cross posted from Tax Connections Original Statement on April 9, 2015 Submission to the United States Senate Finance Committee International Tax To anyone who doesn’t really understand the fear and frustration of FATCA and the insanity of the US tax system: I am not and never have been American. I don’t live in theContinue reading “Testimony: Green Card Holder Victim Of FATCA After Failing To Return Expired Card”
Perspectives on Announcement of Possible Tax Reform for #AmericansAbroad
Our big news broke yesterday and in spite of the fact it is not actually confirmed, many are counting on this to become reality. Discussions are covering quite a range of issues/reactions; 2 comments from the Isaac Brock Society deserve a post of their own. On October 26, 2017 at 6:25 am USCitizenAbroad saysContinue reading “Perspectives on Announcement of Possible Tax Reform for #AmericansAbroad”
Citizenship Taxation 