Tag Archives: Fugitive Tax-Slaves

FATCA: a Tool of the Electronic Surveillance State

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“If FATCA’s sole purpose were to ‘recover’ tax revenues from assets squirreled away offshore by American ‘fat cats,’ it seems odd that it targets only individuals and specifically exempts reporting on accounts held by U.S. corporations. On the other hand, targeting individuals makes a lot of sense if FATCA’s purpose is directed towards something else: adding to U.S. government agencies’ global electronic ‘map’ of personal information. It should be further understood that any data transmitted by foreign financial institutions will not be confined to the IRS but will be handed over (‘upon request,’ of course) to other ‘three-letter’ agencies of the U.S. government.”

http://www.repealfatca.com/index.asp?idmenu=4&title=News&idsubmenu=135

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Dual Canadian-American citizens: We are not tax cheats

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“If China, Russia, Mexico, Iran or Eritrea were demanding Canadian banks and other financial institutions submit private financial information on Canadian citizens and residents to those countries, there would be outrage.  If Canadian banks were spending millions of dollars preparing to develop systems to report information on Canadian citizens and residents to those countries, there would be outrage.  If the Canadian government were ‘actively seeking a solution that both countries will find agreeable,’ there would be outrage.  If Canadian media were calling Canadian citizens and residents born in those countries ‘tax cheats,’ and advising them to ‘come clean,’ there would be outrage.”

http://opinion.financialpost.com/2013/09/17/dual-canadian-american-citizens-we-are-not-tax-cheats/

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Banks lock out Americans over new tax law

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“Americans, take your money elsewhere!  Jimmy Sexton, an American, was forced to close his checking account at Volksbank in Austria earlier this year. And Genevieve Besser, an American living in Germany, was given two months notice last year to close her securities account at ING-Diba, the German arm of Dutch bank ING (INGVF).  The U.S. Foreign Account Tax Compliance Act, which requires businesses to report all assets held by Americans, aims to recoup the hundreds of billions the U.S. says it loses each year from tax evasion. But it’s also leading global banks big and small to dump U.S. customers rather than wrestle with the complicated law.”

http://money.cnn.com/2013/09/15/news/banks-americans-lockout/

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Americans in Canada may be unable to receive payments from Government

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220px-GenIsaacBrock4

“Looks like the Government of Canada will require a bank account for all government cheques. Therefore. anybody who is:  1. Suspected of being a U.S. person; and 2. Who becomes ‘FATCA Recalcitrant’ and has his/her account closed, will be unable to receive payments from the Government of Canada. It’s important to note that at the present time, any person, on showing the appropriate ID can get a Government of Canada cheque cashed at any bank. The ‘noose is tightening’ around U.S. citizens abroad.”

http://isaacbrocksociety.ca/2013/09/16/americansabroad-in-canada-may-soon-be-unable-to-receive-payments-from-government/

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Government tax advisor quits after tape reveals him giving tips on avoidance

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“A tax advisor to the British government was forced to resign after he was secretly filmed giving advice on how to avoid paying tax, officials said on Saturday.  David Heaton was recorded by undercover BBC reporters at a London conference explaining to companies how to keep their money out of finance minister George Osborne’s ‘grubby mitts’. Two months later, he started work on a panel advising the revenue ministry, HM Revenue and Customs (HMRC), on how to tackle abuse of the tax rules, according to the BBC.  A spokeswoman for HMRC confirmed that Heaton had resigned to preserve the integrity of the panel.”

http://www.rawstory.com/rs/2013/09/14/tax-advisor-quits-after-tape-reveals-him-giving-corporations-tips-on-how-to-avoid-paying-taxes/

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All Hail Rick Perry!

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“It’s always a good thing for society, but bad for our rulers, when at least one of them decides it’s a good idea to compete by lowering taxes.  (Maryland state government recently imposed a ‘rain tax’ based on the size of the roof on one’s business establishment under the crackpot theory that rain running off your roof will pollute the Chesapeake Bay.).   Cory A. writes that he moved to Austin, Texas last year to take a great new job with Paypal/Ebay which he says is ‘expanding dramatically.’  As is a new Apple facility in Austin, along with Visa, with 800 new jobs.  These are all well-paying jobs, he says.  In addition, Austin has become ‘the’ place to go if you want a career in the music industry.”

http://www.lewrockwell.com/lrc-blog/all-hail-rick-perry/

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Texas Gov. Rick Perry takes aim at Maryland to lure businesses

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“Texas Gov. Rick Perry took a swipe at Gov. Martin O’Malley and Maryland’s business climate in radio ads aimed at luring companies and residents to the Lone Star state.  ‘When you grow tired of Maryland taxes squeezing every dime out of your business, think Texas,’ Perry said in the radio advertisement, set to air in the Baltimore-D.C. market this week and provided to the The Baltimore Sun by WTOP.  Perry has launched similar advertisements in Missouri, California, Chicago and New York since April.  Earlier this year, Perry invited Beretta and other Maryland gun manufacturers to move to Texas after the General Assembly passed new gun laws here.”

http://articles.baltimoresun.com/2013-09-11/news/bal-texas-gov-rick-perry-takes-aim-at-maryland-20130911_1_business-climate-governor-perry-o-malley

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American expats are “offshore tax dodging” “trash”, say Homelanders

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220px-GenIsaacBrock4

“So, there you have it.  According to America, all Americans living abroad are ‘offshore tax dodgers’ since they are taxed where they live to pay for the infrastructure they use.  Why does America seek to trash its diaspora?  Because it believes that they are pirates sailing around with stolen treasure.  Yet, the impact of US policy on Americans living abroad has never been an American concern, as one fellow kindly stated to one who does not live in America.  The US government clearly doesn’t give a damn if Americans are harmed as a result of US policy, but it is eager to brand its expats as ‘tax cheats’ and to throw them away as ‘trash’.”

http://isaacbrocksociety.ca/2013/09/15/american-expats-are-offshore-tax-dodging-trash/

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Can the Internet Tax Be Stopped Just Like the Attack On Syria?

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EPJ13

“This time we would be stopping a direct attack on us.  A new national comprehensive survey commissioned by National Taxpayers Union and the R Street Institute finds that Americans overwhelmingly oppose new legislation, like the Marketplace Fairness Act, that lets states force tax collection obligations on Internet purchases made from businesses outside their borders.  Fifty-seven percent of respondents in recent polls opposed changes to Internet sales tax policies like those provided in the Marketplace Fairness Act.  Will Rand Paul, Justin Amash and ‘Leader’ Mitch McConnell take up this cause?”

http://www.economicpolicyjournal.com/2013/09/can-internet-tax-be-stopped-just-like.html

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FATCA: The end of financial privacy

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“Financial privacy isn’t typically considered as sexy as other forms of privacy, like our right to private beliefs, health care, property, and communications. Infringement of financial privacy doesn’t evoke the kind of outrage as other violations, because most overlook the vital role it plays in preserving human rights and protecting individuals from governmental abuse.  Just as supporters of the police and surveillance state argue that individuals with nothing to hide should be willing to forfeit their right to privacy, those obsessed with collecting taxes think that the vast majority of Americans who do not engage in evasion should be willing to relinquish their financial privacy rights.”

http://dailycaller.com/2013/09/12/fatca-the-end-of-financial-privacy/?print=1

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