We were recently contacted by a group called Financial Repression Authority, who say they are ‘a research firm focused on macroprudential policies representing risks such as ring-fencing regulations (TATCA)’. www.financialrepressionauthority.com.
They included a YouTube link for an interview with John Richardson, mainly speaking about FATCA. As always, John is very articulate and factual and I enjoyed listening to it.
Financial Repression Authority’s introduction to the interview:
“Gordon T Long Interview of John Richardson on FATCA .. John Richardson is a citizenship lawyer with a focus on FATCA .. this is a U.S. regulation which forms a component of macroprudential policy around ring-fencing of capital – FATCA imposes 30% witholding for any payments originating from the U.S. going to overseas banks or accounts if those banks or specific end-destination acccounts are not “compliant” with FATCA reporting requirements .. this podcast covers: How citizenship taxation has made U.S. citizenship a disability in the modern world .. How the U.S. “Exit Tax” triggered by renouncing U.S. citizenship operates to confiscate non-U.S. assets outside the U.S. .. discussion on the capital controls nature of FATCA ..” 38 minutes
A student at Carleton University has asked if we would allow him to use our blog to find volunteers for a study on the experiences of American/Canadian duals and former American/Canadian duals. Lynne and I have agreed to this, and we are very interested in the results. I’m not going to say much more, as the student, James Eastman-Timmons, will provide an introduction. I will say that I checked the Carleton U site and did some Googling, and did confirm that the professors who he listed as being on the ethics board who approved the project really are on the board, and that James has a profile on linkedin.
I hope many of us do take him up on this as, from my perspective, it’s an opportunity to help educate and inform a whole new set of people, who may, after this study comes out, join us in our fight.