PREP Podcaster - ”Success Favours The PREPared Mind”
News:News Commentary
January 20, 2021 - Participants Include:
John Richardson - @Expatriationlaw
Dr. Karen Alpert - @FixTheTaxTreaty
Dr. Laura Snyder - @TAPInternation
Suzanne Herman - @SuzanneHerman1
Keith Redmond - @Keith__Redmond
The core mission of SEAT is to "Stop Extraterritorial American Taxation".
Extraterritorial American taxation is system that imposes worldwide taxation, on the non-US income of people who live in other countries. That said, there are different groups impacted.
These groups include:
American expatriates - short term Americans abroad who are returning to the USA and engage in financial planning in the US system.
American emigrants - people who moved permanently from the United States and engage in financial planning in tax system of the country of residence (example Canada).
Accidental Americans - people who moved from the United States as small children and not think of themselves as US citizens. Their financial planning revolves ONLY around their country of residence.
American Retirees abroad - people who have moved abroad to retire and live off U.S. source income (example Social Security). They are likely to file ONLY U.S. tax returns.
Additional victims of Extraterritorial Taxation include:
The sovereign countries where U.S. citizens reside; and
Homeland Americans who are effectively prevented from leaving the United States and living a normal life outside the United States.
Why it's important to distinguish the various groups impacted
US citizenship-based taxation AKA (the US imposition of US worldwide taxation on the tax residents of other countries) is a problem bigger than any one individual or one specific group. Different provisions of the Internal Revenue Code affect different groups differently.
Those varying and disparate effects have made it hard to unify the various groups of Americans abroad in the fight to end US citizenship-based taxation.
This podcast discusses the reason for this and provides examples.
US Croatia Proposed Tax Treaty Gives The US Taxing Rights Over Renounced US Citizens
About Loss OF Identity: What The Dodge Stratus Teaches US About Renouncing US Citizenship
Coach Coutts: Why Growing Up With A Sister Is Important PREParation For Life
Cross-posted from ”JohnAlanPod”: The American Way? U.S. Emigrants and Taxation part 2 - episode 198
The Decline Of The British Pound And Phantom Capital Gains For Americans In The UK
Update With Craig Swartz - Former Democrat Candidate For Ohio 5 - The Movement Continues
To Renounce Or Not To Renounce - What Are The Benefits Of Remaining a US Citizen?
Oral Arguments In Rost v. United States - Before United States Court of Appeals, Fifth Circuit - July 6, 2022
JohnAlanPod: Taxing Americans Who Live Overseas: UNFAIR? - ep.194 with my guests Keith Redmond and John Richardson
Supreme Court FBAR Hearing November 2, 2022: ALEXANDRU BITTNER, Petitioner, v. No. 21-1195 UNITED STATES, Respondent
The Supreme Court And Mr. FBAR - Should The Non-willful Penalty Be Limited To The Form? - Discussion with @JimmySextonLLM
Mr. FBAR Makes A Visit To The Supreme Court Of The United States - The Bittner Case - Discussion With Virginia La Torre Jeker
Former US Expat And Ohio Congressional Candidate Explains Why He Supports Residence Based Taxation
For Good And Evil: The Teaching Of Charles Adams Lesson 27 - Heavy Taxation Results In Decline
Why US Citizenship Tax And FATCA Hurt Resident Americans (Even Though They Don’t Know It)
For Good And Evil: The Teaching Of Charles Adams Lesson 26 - Taxation And The Erosion Of Liberty
Thoughts On: ”FATCA LEGISLATION AND ITS APPLICATION AT INTERNATIONAL AND EU LEVEL: - AN UPDATE
When ”Beneficial Ownership” Constitutes A Financial Interest And Triggers An FBAR Requirement
@MiAzhikwan - The Importance Of Love - The First Lesson
@MiAzhikwan - Choosing Forgiveness - The Eighth Lesson
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