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Keyword: expatriation

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  • Great news: 2013 is going to be a banner year… for expatriation

    11/14/2013 1:38:12 PM PST · by SeekAndFind · 6 replies
    Hotair ^ | 11/14/2013 | Erika Johnsen
    Two data points for your consideration. One, via CNS News: The latest Monthly Treasury Statement, which was released on Wednesday afternoon, relies on the estimate made by the White House Office of Management and Budget to say that federal tax revenues will top $3 trillion for the first time in the nation’s history in fiscal 2014. …If the White House is correct that total federal tax receipts will hit $3,023,004,000,000 in fiscal 2014, that would represent an increase of $123,359,620,000 in constant 2013 dollars over fiscal 2007′s record tax haul of $2,899,644,380,000. Real tax revenues this year, according to the...
  • Americans renouncing citizenship to become British thanks to tax rise

    03/02/2013 8:31:25 PM PST · by Baynative · 68 replies
    The Telegraph ^ | 02 Mar 2013 | David Barrett
    London-based American lawyers, who specialise in tax and immigration, report a threefold increase over the last five years in the number of American citizens who are giving up their citizenship - a process known as “renunciation”. Across the world 1,781 Americans renounced their citizenship in 2011 compared with just 231 in 2008, when US tax laws changed, although it remains unknown how many are adopting British rather than any other nationality. Many decide to give up their American citizenship after tiring of the lengthy US tax return process, which requires them to pay tax on their total income regardless of...
  • Most Americans Endorse Terrorist Expatriation Act

    05/20/2010 6:09:16 AM PDT · by Princeverdi · 15 replies · 272+ views
    A large proportion of people in the United States would support a proposed law that would strip all Americans with links to terrorist organizations of their U.S. citizenship, according to a poll by Angus Reid Public Opinion. 77 per cent of respondents approve of the bill currently being discussed in Congress. Last May 1, Faisal Shahzad, a 30-year-old Pakistani holding American citizenship tried to trigger a car bomb in New York City’s Times Square. Shahzad is facing charges of terrorism and attempted use of a weapon of mass destruction. Independent senator Joseph Lieberman and Republican congressman Scott Brown have introduced...
  • Secession or Expatriation?

    04/02/2010 2:15:34 PM PDT · by Wanderer659 · 27 replies · 566+ views
    Consevative Hideout ^ | 4/1/10 | Ken Minor
    With all the differences that have appeared in our society it is likely that some of them or in fact irreconcilable. I will never be in favor of redistribution of the wealth and I suspect my liberal counterpart cannot bear ceasing to try and control me. On these things I think that we will never come to a meeting of the minds. To that I say so be it. You go your way and I will go mine. As it is there are more conservatives in America than there are liberals. If you looked at the most liberal states you...
  • Why Some Constitutional Suits Don't Stand a Chance in Court

    02/12/2009 10:19:49 AM PST · by Lurking Libertarian · 140 replies · 3,693+ views
    The Wall Street Journal ^ | February 12, 2009 | JESS BRAVIN
    That is why judges toss out certain cases -- because the plaintiffs weren't able to show they suffered concrete harm. That was the circumstance when an Internet-fueled rumor sparked several lawsuits seeking to bar Honolulu-born Barack Obama from the presidency because the plaintiffs doubted he was, as the Constitution requires, "a natural-born citizen." In dismissing one such suit, Judge R. Barclay Surrick, of federal district court in Philadelphia, said an aim of the standing doctrine is to prevent courts from deciding questions "where the harm is too vague." He observed that a disgruntled voter who suffered no individual harm "would...
  • Shipping the liberals elsewhere?

    05/27/2004 5:25:06 AM PDT · by freeper1776 · 18 replies · 231+ views
    my own head :) | 5/27/2004 | freeper1776
    On the web, on the news, on the radio, at church, at work, everywhere I go I find that people have come to the realization that not all idiots are "useful idiots". In fact it would be better for America if some of them weren't here at all. Many of us contribute to numerous campaigns to fight these people, with varying degrees of success. After hearing a protestor shouting on the news, an idea came to me (stick with me a minute here): It's a question we've all asked: if so many people hate it here, why don't they leave?...
  • The Economy Bomb - Ticking Down Faster

    05/11/2004 7:09:17 AM PDT · by Action-America · 97 replies · 1,597+ views
    Action America ^ | May 10, 2004 | John Gaver
    The Economy BombTicking Down FasterMore proof that legislative attacks upon the wealthiest 1% of Americans could soon wreck our economy. May 10, 2004 by John Gaver Publishers note: To reflect the large amount of relevant new data that has emerged over the last year, we felt that the annual update to our popular Tick-Tick-Tick article deserved a new name. Although this article contains much of what is in that article, the additional volume of new data actually constitutes a significant rewrite. Unfortunately, this means that the Economy Bomb is ticking down faster. Fact: The top-earning 1% of US taxpayers pay...
  • As incomes of rich slid, tax take fell (VINDICATION!)

    09/27/2003 12:01:18 PM PDT · by Action-America · 139 replies · 805+ views
    Houston Chronicle ^ | Sept. 26, 2003 | DAVID CAY JOHNSTON DAVID CAY JOHNSTON DAVID CAY JOHNSTON
    Sept. 26, 2003, 11:43PMAs incomes of rich slid, tax take fell By DAVID CAY JOHNSTON New York Times The incomes of the top 1 percent of Americans fell 18 percent in 2001, as did their income taxes, shaving $66 billion off revenues and showing how dependent the federal government has become on its wealthiest citizens. Overall, Americans had 2.8 percent less income in 2001 than in the previous year. But federal tax revenues fell 9.4 percent because the incomes of those at the top, who pay the highest tax rates, dropped so much more than the average. The top 1...
  • Expatriation Here And There

    06/02/2003 10:54:41 AM PDT · by SauronOfMordor · 16 replies · 331+ views
    Fred On Everything ^ | 6/2/2003 | Fred Reed
    June 2, 2003   Expatriates. You see them in back-street bars of Bangkok, Manila, Guadalajara, along third-world waterfronts, in up-country Thailand, anywhere living is cheap and rules scarce. Some are old guys in their sixties and seventies with fading tattoos from other lives, lives that also fade into fewer and fewer living memories. Some are in their thirties and run little businesses, often legitimate. They are a bit rough-looking or maybe just eccentric, congenitally what they are and not concerned about what you think of them. You find them heisting a brewski in out-of-the-way spots, chaffing with the barmaids who...
  • Hiding Behind the Flag - GOP Assaults on Privacy Drives More Wealth Offshore!

    05/19/2003 3:12:48 AM PDT · by Action-America · 61 replies · 370+ views
    Action America ^ | May 18, 2003 | John Gaver
    Hiding Behind the FlagGOP Assaults on Privacy Drives More Wealth Offshore! by John Gaver May 18, 2003   "The Executive Orders, regulations, and laws enacted over the past year in the name of “anti-terrorism” constitute the greatest single governmental assault on personal and financial privacy in American history.  But there are safe, legal...indeed, wise...steps you can take to grow your wealth and better protect your assets and privacy overseas and offshore."So begins a recent promotion that I received, advertising an exclusive series of private seminars on international real estate, tax law, banking, and investment, aimed at the wealthy and very...
  • International Provisions of Tax Bill Undermine U.S. Competitiveness

    05/16/2003 1:34:29 PM PDT · by Action-America · 10 replies · 233+ views
    The Heritage Foundation ^ | May 12, 2003 | Daniel J. Mitchell, Ph.D.
    International Provisions of Tax Bill Undermine U.S. Competitivenessby Daniel J. Mitchell, Ph.D. Executive Memorandum #878 May 12, 2003The Senate Finance Committee tax bill contains a number of provisions that would undermine American competitiveness and restrict fundamental rights of labor and capital to cross national borders. If approved, these provisions will undermine the parts of the tax bill--such as the acceleration of marginal tax rate reductions and small-business expensing--that promote economic growth. Three provisions are particularly damaging.Americans Working Abroad Under the Senate Finance Committee bill, Americans who work and live in other nations will have to pay tax to the IRS...
  • IRS Tyranny

    10/19/2002 4:13:41 PM PDT · by Action-America · 25 replies · 419+ views
    Sovereign Society A-Letter ^ | October 18, 2002 | Bob Bauman, JD
    The following is from the Editorial Comment section of the Sovereign Society A-Letter, Friday, October 18, 2002 - Vol. 4 No. 108.  This editorial about the IRS Tyranny, by former congressman Robert E. Bauman, JD, is only a small portion of one of the better issues of the A-Letter. I strongly suggest that you follow the above link to the A-Letter and read the various articles that you will find links to on that page. Comment:  IRS TyrannyDear A-Letter Reader: We often have commented critically about the US Internal Revenue Service and it high handed, even unconstitutional tactics. Its special...
  • At Last! A Site For Dyslexic Sex Maniacs! (his title)

    10/16/2002 9:54:35 AM PDT · by SauronOfMordor · 1 replies · 161+ views
    Fred on Everything ^ | Oct 13, 2002 | Fred Reed
    asm.org At Last! A Site For Dyslexic Sex Maniacs!          Actually, I just wanted to say that. The column is really about how I’m going stark raving mad trying to get out of the Yankee Capital and go live forever in fronded warm lands where you never have to listen to Connie Chung in bars. I know. You really wanted to know about the cross-referenced sex maniacs. Hey, it’s a recognized sales scam: Bait and switch. Tell the FTC. Anyway, I’m about ready. Condo rented, phone killed, power switched, addresses changed, stuff I don’t really want stored...
  • Why Stanley Works is no loss to Bermuda

    08/17/2002 12:16:56 PM PDT · by Action-America · 11 replies · 602+ views
    The Royal Gazette (Bermuda) ^ | August 12. 2002 | Cathy Duffy
    (The Royal Gazette is Bermuda's daily newspaper. It seems they understand the US economy and US politics better than do most of the US media and many US voters.)   BUSINESS Friday, August 16, 2002 Contact us Last modified: August 12. 2002 8:51AM Why Stanley Works is no loss to Bermuda Cathy Duffy Insurance Issues by Cathy Duffy Some are reacting to the Stanley Works decision to remain in the US as if it was really bad news for Bermuda. The decision may do more good for Bermuda than bad. With Stanley Works making the decision to stay in Connecticut,...
  • Bush co. went offshore

    08/02/2002 1:37:29 PM PDT · by Action-America · 100 replies · 418+ views
    DAILY NEWS WASHINGTON BUREAU ^ | 7/31/02 | TIMOTHY J. BURGER
    Bush co. went offshore Harken Energy set up Caymans subsidiary in '89 By TIMOTHY J. BURGER DAILY NEWS WASHINGTON BUREAU WASHINGTON - Harken Energy Corp. set up an offshore subsidiary in the Cayman Islands tax haven while President Bush sat on Harken's board of directors in 1989, the Daily News has learned. The revelation comes as Republican lawmakers are roundly criticizing the practice of U.S. companies setting up offshore subsidiaries, usually to skirt American disclosure laws or corporate income taxes on foreign income.Even White House spokesman Ari Fleischer condemned the tactic yesterday, saying, "The President is concerned about corporations in...
  • Congress Targets Tax Havens (Republicans Betray Their Principles - again)

    07/31/2002 7:38:31 PM PDT · by Action-America · 78 replies · 575+ views
    Washington Post ^ | July 30, 2002 | Juliet Eilperin and Jonathan Weisman
    <p>With major corporate responsibility legislation passed, elected officials are turning to a new target -- business tax evaders -- in a scramble to convince voters they are cracking down on corporate wrongdoing.</p> <p>Senate hearings today will touch on the topic, but House members got a head start last week. First, they overwhelmingly approved a corporate responsibility bill drafted largely by Senate Democrats. Then, while debating a less-noticed provision in the president's homeland security proposal, 110 Republican members defied their party's leaders to confront another brand of questionable corporate behavior: companies locating overseas to escape U.S. taxes.</p>
  • Defending the American Dream

    07/05/2002 8:04:38 PM PDT · by Action-America · 88 replies · 505+ views
    Action America ^ | July 4, 2002 | John Gaver
    Defending the American DreamHow the Wealthy Defend Against Taxes, Tort and Terrorism July 4, 2002 John Gaver     As our elected representatives argue among themselves about how best to exert even more legislative control over citizens and corporations, in the name of "fighting terrorism", they fail to realize that just that sort of draconian legislation is actually brewing a virtually unseen crisis of terrifying proportions.  Combine that with the effects of the terrorist attacks of September 11, 2001 and more data that we have uncovered and what you have is a recipe for disaster.The wealthiest people in the United...
  • Democrats Blast Firms Over Offshore Tax Breaks

    05/20/2002 2:54:57 AM PDT · by Action-America · 29 replies · 519+ views
    Reuters ^ | May 18, 2002 11:15 AM ET | Reuters
    This should be titled"Democrats Spread Lies About Expatriation" (Note:  I took the liberty of highlighting the BIG LIE in this article.) Democrats Blast Firms Over Offshore Tax BreaksMay 18, 2002 11:15 AM ETWASHINGTON (Reuters) - Democrats on Saturday said U.S. companies seeking to avoid paying millions of dollars in taxes by moving their headquarters to offshore tax havens were "unpatriotic" and called for legislation to stop the practice."The tax dodgers may set up paper headquarters in Bermuda, but they continue operating in the United States," said Rep. Jim Maloney of Connecticut in the weekly Democratic radio address."They still receive...
  • Cooper shareholders back shift to Bermuda

    05/17/2002 9:32:09 PM PDT · by Action-America · 9 replies · 287+ views
    Houston Chronicle ^ | May 15, 2002, 7:40AM | NELSON ANTOSH
    May 15, 2002, 7:40AM Cooper shareholders back shift to BermudaBy NELSON ANTOSH Copyright 2002 Houston Chronicle Note:  I highlighted certain words and phrases in bold for later reference. Shareholders of Cooper Industries, one of Houston's largest manufacturing companies, voted 9-to-1 Tuesday to change its place of incorporation from Ohio to Bermuda. With no remaining regulatory hurdles, Cooper expects to be a Bermuda company as soon as possible after the close of business May 21. Cooper is one of several Houston companies reincorporating in Bermuda or the Cayman Islands, primarily to save on income taxes. It is a $4.2 billion-per-year company...
  • Cooper OKs Bermuda Reincorporation

    05/16/2002 2:27:25 PM PDT · by Action-America · 26 replies · 353+ views
    Newsday ^ | May 14, 2002, 4:51 PM EDT | Associated Press
    Cooper OKs Bermuda Reincorporation HOUSTON (AP) - Shareholders of a Houston-based manufacturer of electrical products, tools and hardware voted Tuesday to reincorporate the company in Bermuda. Cooper Industries Inc., which is incorporated in Ohio, said the reincorporation offers strategic advantages not available under the company's current structure. Plans for the reincorporation first were announced in February after hand tool maker Danaher Corp. backed away from purchasing Cooper.Cooper counts Crescent wrenches and pliers among its brands.``This change will enhance Cooper's strategic flexibility and our reduced global tax position will significantly increase cash flow - enabling us to further strengthen our balance...
  • Enough is Enough

    05/10/2002 3:51:41 PM PDT · by Action-America · 41 replies · 488+ views
    Fox News ^ | Friday, May 10, 2002 | Neil Cavuto
    <p>So now Stanley Works wants to move to Bermuda. Fed up with spiraling taxes, the Connecticut toolmaker says it's had enough.</p> <p>And a lot of people are coming down hard on old Stanley, including Connecticut's attorney general, who got the company to hold off for now, pending a legal challenge. He's mad at old Stanley.</p>
  • Bad Tax Policy: You Can Run

    05/09/2002 1:14:57 PM PDT · by Action-America · 8 replies · 386+ views
    The Heritage Foundation ^ | 05/02/02 | Daniel J. Mitchell
    Distributed nationally on the Knight-Ridder Tribune wire Bad Tax Policy: You Can Run…By Daniel J. MitchellThe worst Supreme Court decision of all time? One of the leading candidates has to be the infamous 1857 Dred Scott decision, in which the Supreme Court ruled that slaves did not gain freedom by escaping to non-slave states. Instead, they were considered property and had to be returned to their "owners." Some U.S. companies soon may be treated in a similar manner, thanks to legislation being touted by Sens. Max Baucus, D-Mont., and Charles Grassley, R-Iowa. It all starts with the internal revenue...
  • Tax Reform, not Fiscal Protectionism, is the Right Response to Corporate Flight

    05/01/2002 4:58:23 PM PDT · by Action-America · 14 replies · 343+ views
    Center for Freedom and Prosperity ^ | March 12, 2002 | CFP Press Release
    For Immediate Release Tuesday, March 12, 2002202-285-0244 www.freedomandprosperity.orgTax Reform, not Fiscal Protectionism, is the Right Response to Corporate Flight: CFP Reiterates Call for Territorial Taxation Washington (March 12, 2002) – The Center for Freedom and Prosperity, the nation's leader in the fight for international tax competition, announced today that it will vigorously resist all legislation to restrict the freedom of companies to locate in jurisdictions that have more attractive tax and regulatory environments. Andrew Quinlan, President of the Center, remarked, "Fiscal protectionism is bad policy, and the Center for Freedom and Prosperity will oppose and work vigorously to defeat any legislation...
  • U.S. Companies Rush to Go Offshore

    04/29/2002 11:45:48 PM PDT · by Action-America · 11 replies · 386+ views
    Associated Press ^ | APRIL 26, 14:48 ET | Curt Anderson
    APRIL 26, 14:48 ET U.S. Companies Rush to Go OffshoreBy CURT ANDERSON AP Tax Writer WASHINGTON (AP) — US companies are scrambling to complete tax-cutting relocations of corporate headquarters to offshore sites as momentum builds in Congress to stop the trickle before it becomes a flood. AP/Al Behrman Workers at the Internal Revenue Service Center in Covington, Ky., sort many of the thousands of tax returns arriving at the center's mail room Monday, April 14, 1997. One company, Leucadia National Corp. — a New York-based holding company whose subsidiaries include Empire Group insurance, plastic manufacturing and American Investment Bank —...
  • Bermuda Straight Government greed is causing corporate flight.

    04/29/2002 12:57:30 PM PDT · by Action-America · 8 replies · 317+ views
    National Review ^ | April 18, 2002, 8:30 a.m. | Veronique de Rugy
    April 18, 2002, 8:30 a.m.Bermuda StraightGovernment greed is causing corporate flight. By Veronique de Rugy As an oppressed French taxpayer, I finally decided to move to the United States. No American ever blamed me for my move. And everyone I have met recognizes that this effort to improve my living standards does not mean I hate my home country. Yet when U.S. firms re-incorporate in low-tax jurisdictions like Bermuda because the U.S. internal revenue code kept them at a competitive disadvantage, we are told that it's because they are "greedy" and "unpatriotic." And politicians are trying to hinder competitive relocations...
  • Five firms answer call of islands - See offshore reincorporation as way to boost profits

    04/20/2002 12:50:10 PM PDT · by Action-America · 84 replies · 1,062+ views
    Houston Chronicle ^ | April 20, 2002, 1:55AM | Nelson Antosh
    Five firms answer call of islands Houston companies see offshore reincorporation as way to boost profits, despite potential backlash (It's starting - The media finally takes notice of IRS induced capital flight / my title)By NELSON ANTOSHCopyright 2002 Houston Chronicle Five Houston companies are racing the clock to move their places of incorporation to a pair of offshore tax havens. The companies -- four in the oil and gas service business and one a manufacturer, Cooper Industries -- see reincorporating in Bermuda or the Cayman Islands as a way to cut their income tax bills, which rewards shareholders and...
  • Expatriation Anyone?

    03/27/2002 11:21:09 PM PST · by Action-America · 3 replies · 293+ views
    Sovereign Society Offshore A-Letter ^ | March 26, 2002 | Bob Bauman, JD
    The following is the editorial comment in the latest Sovereign Society Offshore A-Letter. Dear Friend: The question arises whether the U.S. Internal Revenue 'Service' is under the control of Pres. George W. Bush, or whether it is simply out of control.  What claims to be a tax cutting administration, one would think, surely wouldn't allow the IRS to harass and smear tens of thousands of honest citizens based on a mere hunch. But, as is the tradition as Income Tax Day, April 15th, approaches, the IRS yesterday launched yet another scare-the-taxpayer press barrage.This time the IRS attacked all Americans with...