PREP Podcaster - ”Success Favours The PREPared Mind”
News:News Commentary
January 3, 2021 - Participants Include:
John Richardson - @ExpatriationLaw
Peter - A Retired London, UK Based Lawyer
This podcast features the experiences and perceptions of a person who is NOT and never was a U.S. citizen. But, approximately 40 years ago he married a U.S. citizen and had U.S. citizen children.
The discovery of U.S. citizenship tax rules led the family down a path of discovery where they gradually understood the principles of: U.S. citizenship, U.S. citizenship-based taxation and how the U.S. exports citizenship-based taxation to other countries.
The podcast includes a discussion of how the toxic mix of citizenship and U.S. taxation impacts individuals AND how it undermines the fiscal policies of other nations (in this case the UK).
Of particular interest is a discussion of how the evolution of the law of U.S. citizenship (harder to lose) and U.S. taxation (infinitely more complex) has exacerbated the problem.
Ultimately, the problem is not FATCA. The problem is not citizenship. The problem is not even the rules of U.S. taxation.
The problem is that:
The United States is imposing worldwide taxation, on people who are tax residents of other countries and do NOT live in the United States.
This discussion is valuable for individuals with U.S. citizenship who are attempting to live productive and normal lives outside the United States.
The discussion is also valuable for those government policy makers who value the sovereignty of their countries and wish to end the U.S. creeping encroachment on the sovereignty of their countries. The discussion reminds me of a post that I write in 2015 describing how FATCA and U.S. tax rules burden Canada's sovereignty.
Ultimately all U.S. citizen members of the family renounced their U.S. citizenship.
Listening to this podcast explains why, for Americans abroad, ...
"All Roads Lead To Renunciation!"
Time To Retire The Term ”Citizenship Taxation”: Better To Call It Taxation Based On Circumstances Of Birth
The US Supreme Court FBAR Decision in Bittner: The Morning After
U.S. District Court: Green Card Holders May Be Able To Rely On Tax ”Treaty Escape Hatch” To Avoid Mr. FBAR
Canada’s Underused Housing Tax Unites US And Canadian Residents In Opposition To Citizenship Tax
How The US Is Incentivizing Americans Abroad To Renounce US Citizenship
If We Don’t Hang Together, We Will Hang Separately - How Americans Abroad Divide Themselves
Paying Tax On Income Never Received: The Moores, The 965 Transition Tax, Foreign Corps and Subpart F
Redefining US Citizenship Tax: Taxation Based On Circumstances Of Birth Instead Of Circumstances Of Life (applied to people who don’t live in the USA)
FBAR Penalties - US v. Molyneux - The Next Opportunity To Argue The Excessive Fines Clause
@MiAzhikwan - The Importance Of Truth - The Second Lesson
H.R. 25 - ”The Fair Tax” - Will Be Voted On In The House - Taxation Is Too Important To Be Left To The Political Parties
US Supreme Court Denies Toth FBAR Cert Petition Refusing To Decide Whether Penalties Violate ”Excessive Fines Clause” Of 8th Amendment
Four Attitudes Of Americans Abroad Toward US Citizen Tax: Ending, Ignoring, Escaping Or Improving
Why Tax Reform For Americans Abroad Is Reminiscent Of The Movie Groundhog Day
Dr. Don Young Discusses: Jordan Peterson And The Ontario College Of Psychologists of Ontario
Notice 2023-11: A Significant Escalation of FATCA Enforcement On Foreign Banks and Americans Abroad
There Are Two Kinds Of People Who Need A Second Citizenship: The Rich And The Poor
Financial Planning For Americans Abroad In Israel with Aaron Katsman
Ms. Molyneux Meets Mr. FBAR On Fifth Avenue In New York
What If You Want To Plan For Your Financial Future, But Simply Don’t Know Where To Begin?
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