Monthly Archives: February 2013

Privacy at Risk: Global Gold Storage Firms Get Rid of US Citizens

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“Big gold depositories like Gold Money and Bullion Vault ‘ALL use ViaMat as a primary secure storage provider.’ As a result, ViaMat’s decision will have an effect on the rest of the gold investing community, especially when it comes to US vendors.  It is surely a good idea to work with a firm that does not have US exposure when storing gold, but there is a growing trend among regulatory democracies generally to insist that citizens constitute a state asset.  Increasingly, US officials in particular are insisting that US laws and taxes are to be enforced everywhere in the world and are turning to foreign companies to generate compliance.”

http://www.thedailybell.com/28747/Privacy-at-Risk-Global-Gold-Storage-Firms-Get-Rid-of-US-Citizens

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Cost of Dropping Citizenship Keeps U.S. Earners From Exit

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“The U.S. taxes citizens on their worldwide income even if they live in another country. This year, Congress raised the maximum tax rate to 39.6 percent from 35 percent.  The increase is coupled with higher levies on capital gains and dividends for top earners of as much as 23.8 percent compared with 15 percent in 2012. States including California also have raised taxes on top earners. The U.S. government generally imposes an exit tax on high earners to discourage them from expatriating as a way of avoiding taxes.  If parents move to another country and leave money upon death to their U.S. citizen children, levies similar to the estate tax apply.”

http://www.bloomberg.com/news/2013-02-22/cost-of-dropping-citizenship-keeps-u-s-earners-from-exit.html

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U.S. Judge: Fifth Amendment Doesn’t Apply To Foreign Bank Accounts

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“In a victory for the government, Pauley said individuals can’t assert a constitutional right against self-incrimination and refuse to disclose bank records to a U.S grand jury.  The records sought include the name in which each account is maintained, number of others tied to the account, the address of the bank, and the maximum value of each such account.  More than 38,000 Americans avoided prosecution by entering an IRS amnesty program in which they paid back taxes and penalties while disclosing the banks and bankers who helped them hide offshore accounts.”

http://www.bloomberg.com/news/2013-02-20/grand-jury-investigating-foreign-bank-accounts-u-s-judge-says.html

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World’s biggest gold storage company dumps US citizens

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“ViaMat, a Swiss logistics company that has been safeguarding precious metals since 1945, is literally the gold standard in secure storage.  They have vaults from Switzerland to Hong Kong to Dubai, and they count among their clients some of the largest mining companies in the world. They know what they’re doing.  And now they’re dumping US citizens. ViaMat does a great deal of business within the United States. As such, the company is heavily exposed to the insane US regulatory environment.  As an example, the 2010 Foreign Account Tax Compliance Act turned into more than 500 pages of regulation!”

http://www.sovereignman.com/important-information/red-alert-worlds-biggest-gold-storage-company-dumps-us-citizens-10958/

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U.S. renunciant wins FOIA case over Trusted Traveler Program card denial

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“Via Courthouse News, we learn of the story of Robert Darnbrough, a Canadian who renounced U.S. citizenship in 2003, and was later denied a Nexus border crossing card by U.S. Customs & Border Protection. Darnbrough filed a Freedom of Information Act request with the State Department in February 2011, which then released some documents to him in November that year. However, they did not deliver information contained in the Consular Lookout and Support System (CLASS), claiming that 8 USC 1202(f)(confidential nature of records) allowed them to withhold it under FOIA Exemption #3.”

http://isaacbrocksociety.ca/2013/02/22/renunciant-wins-foia-case-over-trusted-traveler-program-card-denial/

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Rwandan woman stripped of U.S. citizenship after lying about role in genocide

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“Witnesses described Munyenyezi conducting selections of who would die according to whether identity cards said a person was Tutsi or Hutu.  ‘If I’m checking IDs at roadblocks, knowing that person is going to be clubbed to death, I’m as responsible as if I wielded the machete myself,’ said Capin.  Prosecution witnesses included Consolee Mukeshimana who described Munyenyezi as checking identity cards at the roadblock for two hours on one occasion, and directing Tutsis to their deaths.”

http://www.rawstory.com/rs/2013/02/22/rwandan-woman-stripped-of-u-s-citizenship-after-lying-about-role-in-genocide/

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Belarus jails border guard over ‘teddy bear invasion’

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“Belarus has convicted and jailed for two years a border guard for failing to report that a foreign plane full of teddy bears had crossed into national airspace from Lithuania last July, the Belarus Supreme Court said Tuesday.  The decision by a military tribunal is the first jailing in connection with the stunt by a group of Swedish activists who flew illegally into Belarussian territory to release hundreds of teddy bears carrying protest signs in support of freedom of speech.  A border guard who was on duty on July 2, 2012 received his conviction on January 4 in a closed trial for not reporting the teddy-bear fly-by.”

http://www.rawstory.com/rs/2013/02/19/belarus-jails-border-guard-over-teddy-bear-invasion/

http://www.rawstory.com/rs/2013/02/19/belarus-jails-border-guard-over-teddy-bear-invasion/

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Free Movement for U.S. Goods But Not for U.S. Citizens?

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“The big headline in U.S. international commerce is a new proposed free trade deal between the U.S. and the evil socialist European states.  I don’t understand though how America cannot see that its desire for more free trade is inconsistent with FATCA. Why should U.S. goods be able to move freely around the world while U.S. persons and their capital are forbidden to leave the homeland?  And if they should have the temerity to leave anyway then they are punished for doing so.  More importantly is it possible for U.S. goods to move around the world if U.S. persons aren’t allowed to accompany them?”

http://isaacbrocksociety.ca/2013/02/14/free-movement-for-u-s-goods-but-not-for-u-s-citizens/

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Work in U.S. and Spain losing its appeal for Latin Americans

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“For Latin Americans seeking work abroad, traditional magnets like the United States and Spain are losing their appeal because of weak economies, said a report released Thursday.  Instead, more and more are looking to countries such as Canada, Japan, South Korea and Australia, according to the study by the Organization of American States.  In the US, the number of legal immigrants slipped by four percent over the same stretch, and the decrease was even more pronounced among those who lack proper residency papers, the study said.”

http://www.rawstory.com/rs/2013/01/17/report-work-in-u-s-and-spain-losing-its-appeal-for-latin-americans/

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Senators in Immigration Talks Mull Federal IDs for All Workers

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“Key senators are exploring an immigration bill that would force every U.S. worker—citizen or not—to carry a high-tech identity card that could use fingerprints or other personal markers to prove a person’s legal eligibility to work.  The idea, signaled only in vaguely worded language from senators crafting a bipartisan immigration bill, has privacy advocates and others concerned that the law would create a national identity card that, in time, could track Americans at airports, hospitals and through other facets of their lives.”

http://online.wsj.com/article/SB10001424127887323864304578316434045924350.html

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