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.
“Life planning, career planning and the reality of U.S. citizenship for Americans abroad”
“Everything I wish I had known, but couldn’t even have imagined to ask!”
During the winter, John Richardson presented a number of seminars for those concerned with the obvious problems of U.S. citizenship (including the “threshold question” of whether you really are a U.S. citizen).
Seminar topics have invariably included the problems of: FBAR, FATCA, investing, retirement planning, mutual funds, U.S. tax compliance, renunciation, etc.The official “FATCA Launch” of July 1, 2014 will surely make the existing problems worse.
U.S. citizens living outside the United States are subject to a regime of rules that diminish their “life opportunities”. These rules are such that U.S. citizens abroad live at a disadvantage relative to the citizens of any other nation. Those attending previous seminars have been primarily “middle aged” people, who have attempted to plan for their retirement, only to find that their retirement plans are threatened, because of their birth in the United States.
A shared sentiment has been:
“If only, I had known about these rules earlier … This is information that my children and other young adults need to hear! What does all this mean for my children?”
If the US really must do Citizenship Based Taxation, I have a recommendation.
Adopt the Eritrean model. It would be far more efficient and effective.
One simple form. Two percent of income. Send the check.
This will save the IRS far more money than they currently raise through CBT and will significantly reduce costs. One downside is it will put lots of IRS Agents, lawyers and accountants out of work.
My consultant fee for this advice to US Treasury: A significant donation to our Canadian Legal Challenge of FATCA Fund.
Oh wait. If they simplify CBT, they don’t need FATCA and we will not need to challenge the Canadian government. Unless, of course, FATCA is about something other than taxes.
Many thanks to Em for the great find of the Eritrean tax form.
Today, it was Charlie Angus of the NDP speaking out.
Here is a video of his comments in the House of Commons.
Canadians should look to Parliament to say citizenship is something that is sacred, that is something that the role of Parliament will stand up for…
They’ve just decided to slip in the bill that will make it possible and legal for US government to demand demand personal financial information of Canadians who have lived their lives their lives in this country, who pay taxes in this country, who have been excellent citizens of this country, all because they happen to have been born in the United States.
There’s much more. All worth listening to. I will post the actual text tomorrow after it is available through Hansard, along with anything else that was said in the House today.
Below is a link to the Dept of Finance Canada site, with information about the IGA and how we CAN SEND IN OUR COMMENTS!
We need to JUMP on this and pepper them with letters and emails on how we feel about what they’ve done to us and our families. Note that the deadline is March 10th.
Snail Mail address:
Tax Policy Branch
Department of Finance
140 O’Connor Street
“An Intergovernmental Agreement (IGA) between the Government of Canada and the Government of the United States for the enhanced exchange of tax information under the Canada-United States Tax Convention was signed on February 5, 2014, in Ottawa.”
“Comments on the legislative proposals can be submitted to the Department of Finance at IGA-AIG@fin.gc.ca or to the address below. The closing date for comments is March 10, 2014.”