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Archive for November 2011

2011 Nov 11 – Werman

 
Marco Werman
Why taxes are prompting some Americans in Canada to renounce their US citizenship
The World (11 Nov 2011)

http://www.theworld.org/2011/11/why-taxes-are-prompting-some-americans-in-canada-to-renounce-their-us-citizenship/

Transcript of a Public Radio International interview with Mark Wittgen, a thirty-year resident of Canada who is in the process of renouncing his U.S. citizenship.
 

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Written by usxcanada

11 November 2011 at 6:00 am

2011 Nov 9 – Feldman

 
Amy Feldman
Undisclosed foreign accounts? The IRS is coming
Reuters U.S. (9 Nov 2011)


http://www.reuters.com/article/2011/11/09/offshoreaccounts-irs-idUSN1E7A80V920111109

The end of a second specific “voluntary disclosure” program on Sept 9 leaves noncompliant U.S. citizens with the option of traditional voluntary disclosure. “For U.S. citizens who have not paid taxes on substantial offshore assets, the hope of hiding from tax authorities seems increasingly unlikely.” Story includes sketch of background history and summary figures for participation and penalties exacted.
 

Written by usxcanada

9 November 2011 at 7:00 am

2011 Nov 9 – McKenna

 
Barrie McKenna
Americans in Canada driven to divorce from their country
Globe and Mail (9 Nov 2011)


http://www.theglobeandmail.com/news/world/americans-in-canada-driven-to-divorce-from-their-country/article2229969/

Twenty-two Americans attended “what is believed to be the first citizenship renunciation meeting ever held in Canada” at the US consulate in Toronto on October 20. A US official said: “We simply decided it was more efficient to have everybody come as a group and talk to everyone at once, rather than doing it individually. It was simply a time-management decision.” One person attending the meeting reported that officials explicitly avoided discussion of the “800-pound gorilla in the room” — the issue of newly aggressive US pursuit of its nonresident citizens. Mark Wittgen 51 from Indiana of Whitby ON, who emigrated in the early 1980s and acquired Canadian citizenship in 2003, described the experience as a ‘divorce’. “In Canada … there are {{have been?}} typically fewer than 100 renunciations a year.”
 

Written by usxcanada

9 November 2011 at 6:00 am