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”
Category Archives: Law & Morality
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”
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””
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”
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”
Transcript of Hearing April 26, 2017 House Committee on Oversight & Government Reform-Meadows
Courtesy of Andrew Grossmann@andygr 28th May 2017 from TwitLonger TwitLonger This is a transcript from the FATCA Hearing held in Washington D.C on April 26, 2017. I think it is interesting to actually read the testimonies that we heard that day. Some of the more striking aspects seem even more shocking and the mistakes stickContinue reading “Transcript of Hearing April 26, 2017 House Committee on Oversight & Government Reform-Meadows”
Irony-“Because it’s the Law” – For once, NOT applied to non-willful expats but a “citizenship” Lawyer
ON Lawyer remains in Poland as Law Society files notice of motion 4 interlocutory suspension or restriction https://t.co/dDaFdcxegz — Homelander NOT (@Homelander_NOT) May 15, 2017 //platform.twitter.com/widgets.js While this particular post is not about a tax-compliance professional per sé, it IS about a person with whom many of us have had interactions and from whom weContinue reading “Irony-“Because it’s the Law” – For once, NOT applied to non-willful expats but a “citizenship” Lawyer”
When Law Becomes a Substitute for Morality & Causes Cruel & Unneccesary Harm
Another comment deserving its own post USCitizenAbroad says March 13, 2017 at 7:08 am @Karen and all Thank you for collecting and posting these stories. Our Stories I would like to offer some general observations (of which Shaun is one of many examples) and suggest some lessons which are largely based on Shaun’sContinue reading “When Law Becomes a Substitute for Morality & Causes Cruel & Unneccesary Harm”
Burning Down Barns is not Wrong Because it is illegal; it is illegal Because it is Wrong
Burning Down Barns is not Wrong Because it is illegal; it is illegal Because it is Wrong Burning down barns is not wrong because it is illegal; it is illegal because it is wrong PERFECT description #FATCA https://t.co/6KSAQRRkrT pic.twitter.com/twozrKiAUr — Citizenship Taxation (@CitizenshipTax) March 8, 2017 //platform.twitter.com/widgets.js Every #Americanabroad (along with his/herContinue reading “Burning Down Barns is not Wrong Because it is illegal; it is illegal Because it is Wrong”
When law becomes a substitute for morality
When law becomes a substitute for morality reblogged from the renounceuscitizenship wordpress blog Today I’ve decided that I would like to go back and reblog some of the best expat posts from the last five years. For lack of a better title, I am going to call it the “A Blast From the Past Series.”Continue reading “When law becomes a substitute for morality”
Citizenship Taxation 