PREP Podcaster - ”Success Favours The PREPared Mind”
News:News Commentary
September 16, 2022 - Participants Include:
John Richardson - @ExpatriationLaw
Keith Redmond - @Keith__Remond
Anthony Parent - @IRSMedic
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My (John Richardson) interpretation of the current situation:
1. The problems experienced by US citizens living outside the United States can be solved ONLY by severing US citizenship from US tax residency. In other words: citizenship cannot be the criterion for being subject to the Internal Revenue Code. No other country in the world (except Eritrea) imposes worldwide taxation based on and only citizenship. All other countries in the world have residence based taxation which means that residence and not citizenship is the criterion for tax residency. The only way to solve the problems for all Americans abroad, in all circumstances and for all time is to sever citizenship from the definition of US tax residency.
2. There is a difference between a "wish" and a "goal":
"The dictionary defines a wish as: to want; desire; to long for. Goals on the other hand are defined as: the result or achievement toward which effort is directed. The difference is profound not only in semantics, but also in how each can shape your thought process, your actions (or lack of), and ultimately, your life."
3. Individual Americans abroad have a "wish" for residence based taxation. That said, "residence based taxation" is NOT their goal. Their goal (if any) is to solve "their" problem (how they experience citizenship taxation) and not "the" problem "citizenship taxation itself. For example, solving the FATCA problem will NOT solve the problem of citizenship taxation.
4. No organizations except SEAT and Republicans Overseas have the specific goal of severing citizenship from tax residency.
5. Without pressure from large numbers of individual Americans abroad (which simply doesn't exist) there is no political impetus for any legislative change to residence taxation.
In summary, there is little support for the "goal" of severing citizenship from tax residency.
In addition ...
The situation for Americans abroad is NOT getting better and has in fact gotten worse over the last ten years. I will continue to work with "like minded" people and "organizations" to achieve the goal of severing citizenship from tax residency. That said, this will take more time than this generation of Americans abroad has!
What all of this means is that ...
"All Roads Lead To Renunciation" (as soon as that goal is possible).
Insights and Solutions Into The Problem Of US Citizenship Or Holding A Green Card
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The Life And Times Of Nova Scotia's Atlantica Party - With Ryan Smth
SEAT Working Paper Series - Extraterritorial Taxation #13 - Other Countries Have A Duty To Act
The US Tax Treaty Saving Clause As A Vehicle To Tax Residents Of Other Countries On Non-US Income
SEAT Working Paper Series - Extraterritorial Taxation #12: It's Not About Paying Taxes
Insights into the Intertwining of Politics and the Law in Ontario's Justice System
SEAT Working Paper Series - Extraterritorial Taxation #11: Deference or Constitutionalization?
SEAT Working Paper Series - Extraterritorial Taxation #10: Violating Human Rights
Insights on Boosting Immunity to fight the common cold with Health Coach David Coutts
David McKeegan's Journey with Greenback Tax Services
SEAT Working Papers Series - Extraterritorial Taxation #9: Forcible Destruction Of Citizenship
SEAT Working Papers Series - Extraterritorial Taxation #8: More Violations of Equal Protection
Coach Coutts - Leave The Democracy To US!
Canada's Justice System: A Deep Dive With The Founders of Compassionate Justice Canada
SEAT Working Papers Series - Extraterritorial Taxation #7: Unlocking the Complexities and Discrimination of Citizenship Taxation Laws
Catching Up With Amy From Sydney - Unraveling US Taxation and Voting for Expatriates
SEAT Working Papers Series - Extraterritorial Taxation #6: No Compelling Governmental Interest
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