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Archive for October 2013

2013 Oct 31 – Alini

 
Erica Alini
What’s FATCA? The IRS peeking into Canadians’ bank accounts
Canadian Business (31 Oct 2013)

http://www.canadianbusiness.com/blogs-and-comment/ted-hsu-and-scott-brison-have-questions-about-the-coming-u-s-foreign-account-crackdown-good-questions/

Liberal MPs Ted Hsu (Oct 25) and Scott Brison (Oct 28) presented “long lists of questions” about FATCA to Parliament.
 

Written by usxcanada

31 October 2013 at 6:00 am

Posted in Canada, Uncategorized

2013 Oct 30 – Yan

 
Sophia Yan
U.S. expats cry foul over tax system
CNN Money Hong Kong (30 Oct 2013)

http://money.cnn.com/2013/10/30/news/us-expat-tax/

Stories of difficulties faced by four extraterritorial US citizens in Korea, India, China, and Australia.
 

Written by usxcanada

30 October 2013 at 6:00 am

Posted in Uncategorized

2013 Oct 14 – Chu

 
Henry Chu
U.S. tax law has some expatriates waiving the American flag
Los Angeles Times (14 Oct 2013)

http://www.latimes.com/world/la-fg-us-citizens-abroad-20131014,0,7445958,full.story

Genevieve Besser 52, 25-year resident of Germany, former member of Daughters of the American Revolution, seems likely to abandon her US citizenship. The costs and difficulties of tax reporting and compliance couple with inability to live a normal financial life outside of the United States. Daniel Kuettel 41, software developer in Switzerland, has renounced citizenship already. FATCA implementation promises to worsen the situation. In the first half of 2013, the 1809 renunciations surpassed the total for 2012.
 

Written by usxcanada

14 October 2013 at 6:00 am

2013 Oct 12 – Overtaxed

 
Overtaxed and over there
Economist (12 Oct 2013)

http://www.economist.com/news/united-states/21587815-loopy-tax-rules-spur-expats-renounce-their-american-citizenship-overtaxed-and-over-there

Subtitle: Loopy tax rules spur expats to renounce their American citizenship. Difficulties faced by extraterritorial US persons are illustrated by details on persons from Sweden, Germany, and France.
 

Written by usxcanada

12 October 2013 at 6:00 am

Posted in Uncategorized

2013 Oct 1 – Why

 
Why I gave up my US passport
BBC News Magazine (1 Oct 2013)

http://www.bbc.co.uk/news/magazine-24338387

Twenty-three one-paragraph accounts submitted in response to the 26 September 2013 story by Tom Geoghegan. Five reside in Canada.
 

Written by usxcanada

1 October 2013 at 6:00 am

Posted in Canada, Uncategorized