The Little Red #FATCA Book – (Review, Identify and Report on “U.S. Persons”) – How FATCA affects the non-U.S. World

About FATCA – The “worst law nobody has heard of” … FATCA (The Foreign Account Tax Compliance Act) was signed into law – as a revenue offset provision to the Hire Act – in March of 2010. It is doubtful that Congress even knew that FATCA was part of the HIRE Act (“Hiring Incentives To […]

Biden 2023 Green Book: Six Ways The Proposals Would Affect Americans Abroad

Update April 13, 2022 … Here is yet a seventh way – the treatment of gifts as capital gains – that the Biden Green book would impact Americans Abroad Introduction It’s The System Not The Parties! As long as the United States employs @citizenshiptax and #FATCA, changes in US tax laws will continue to have […]

The Story of US Citizenship Taxation and FATCA: Documenting The Issues

Documenting the Struggle for Residence Based Taxation via @SEATNow_org — John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) March 31, 2022 Few US residents are aware of US citizenship-based taxation and FATCA. Legislative change will be aided by educating US residents and politicians about US citizenship-based taxation, FATCA and how they interact. Citizenship-based […]

How The World Should Respond To The US FATCA Driven Attack On The Tax Base Of Other Countries

#FATCA helps US erode tax base of other countries in two ways: 1. Attracting foreign capital to @TaxHavenUSA 2. Imposing direct tax on residents of other countries: "FATCA: The 2010 'tax evasion law' that's 'now an extra-territorial money-sucking machine'" — John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) October 7, 2021 This purpose […]

Part 1: #FATCA is: Maloney "Overseas Americans Financial Access Act" is the wrong answer to the right question

Introduction and purpose … My comment in the National Herald on the Maloney bill — John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) September 20, 2019 On March 18, 2010, President Obama signed FATCA (“Foreign Account Tax Compliance Act”) into law. FATCA was: – a revenue offset provision to the HIRE […]

Identity theft in a #FATCA and #CRS World: The Role Of the U.S. Social Security Number

Introduction Interesting thoughts from @VLJeker: Part I: Identity Theft, FATCA Security Risks, Tax Zombies, Phishing and Other Scams – Be Careful Out There…. — John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) August 8, 2018 Her thoughtful post includes: FATCA Security Risks with Sensitive Data The Foreign Account Tax Compliance Act, commonly called […]

The worldwide trend of attacking the use of corporations as a way to reduce or defer taxation for individuals

Introduction – The war against corporations and the shareholders of those corporations Corporations as entities that are separate from their shareholder/owners As every law students knows, a corporation is a legal entity that is separate from its owner. As a legal entity that is separate from its owner, a corporation is capable of holding assets, […]

Wisdom of "Three Monkeys" explains why: Although there is little support for "citizenship-based taxation" repeal is difficult

Supporter of CBT, is more like supporter and citizen of U S A ! Who does not know about CBT as applied to residents of other countries. — JC Double Taxed (@JCDoubleTaxed) July 29, 2017 The uniquely American practice of “imposing direct taxation on the citizen/residents of other nations” (“citizenship-based taxation”) has NO identifiable group […]

Impressions of the @RepMarkMeadows April 26/17 #FATCA Hearing in Washington, DC – Opportunity to make case to end "taxation-based citizenship"

FATCA Hearings in Washington, DC – April 26, 2017 April 26, 2017 – Washington, DC – REVIEWING THE UNINTENDED CONSEQUENCES OF THE FOREIGN ACCOUNT TAX COMPLIANCE ACT — John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) April 30, 2017 Beginnings – It all began in July 2016 The purpose of this post is […]

Searching for Uncle #FATCA: Where is he? What does he do? Why is he a danger to America? Can Congressman Meadows and Senator Paul save America?

Outline: April 7, 2017 Senator Rand Paul introduces "Repeal FATCA" bill in the Senate – joining Congressman Meadows Bill in the House — Citizenship Lawyer (@ExpatriationLaw) April 8, 2017 Part 1: Prologue – Introducing  Uncle FATCA – Who is he? What does he mean in your life? Part 2: What is FATCA, what are […]