Archive for September 2013
American expats feeling less free as draconian tax law kicks in
National Post (27 Sept 2013)
Increased renunciations and rejection by foreign financial institutions are two of the consequences of the implementation of FATCA.
Why are Americans giving up their citizenship?
BBC News Magazine (26 Sept 2013)
Considerable detail is provided for the stories of three US persons (one recently renounced) living in Scandinavia, Germany, and France.
Dual Canadian-American citizens: we are not tax cheats
Financial Post (17 Sept 2013)
This op-ed passionately addresses the “American difference” that may enable Canadian government accommodation of US government demand for FATCA reporting. Missing elements: accounting for the fundamental anti-Americanism that makes such discrimination possible; assessment of Canada’s unique geographic and cultural and economic proximity to the United States; recognition of statist tendencies manifested in Canada’s style of governance.
A global social network of outrage and action
Franco-American Flophouse [blog] (13 Sept 2013)
What may be the first-ever public protest against FATCA occasions a useful review of the social networking facilitated by the Isaac Brock Society web site since its inception in December 2011.
Victoria Ferauge / Lynne Swanson
FATCA losing its way
Accounting Today (11 Sept 2013)
An overview of the tortuous path being trod by the US attempt to implement FATCA.
Flaherty announces 3-year freeze in EI premiums
CTV News (9 Sept 2013)
Canadian Minister of Finance Jim Flaherty responds to reporter questioning about FATCA at an event focused on employment insurance premiums. Full transcription of the exchange is provided at https://usxcanada.wordpress.com/perspectives/#flaherty.
Flaherty says tax deal near on Americans living in Canada
Globe and Mail (9 Sept 2013)
All the news is in the headline. Flaherty makes it clear that Canada is on track to satisfy U.S. FATCA requirements. It seems that the Flaherty comment that generated the story was provoked by a two-person information picket at a Flaherty appearance in Ottawa on an unrelated matter.