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Keyword: expats

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  • Record number of Americans renounce citizenship (Door/Rearend!)

    10/29/2015 7:33:32 AM PDT · by AngelesCrestHighway · 16 replies
    Washington Examiner ^ | 10/28/15 | Rudy Takala
    A record number of Americans have renounced their citizenship so far this year, according to data from the Internal Revenue Service. According to IRS data published in the Federal Register on Monday, 1,426 Americans expatriated in the third quarter of 2015, bringing this year's total to 3,221 so far. The figure is 25 percent higher than the same period last year, when 2,585 renounced their citizenship.
  • You Blew It! Record Number of Americans Renounce Their Citizenship

    02/21/2015 10:12:40 AM PST · by Kaslin · 21 replies ^ | February 21, 2015 | Mark Skousen
    Every year we have a session at FreedomFest on ďTax Free Living and Investing Abroad.Ē The attendees want to know all about the benefits of renouncing their U.S. citizenship and living a ďtax freeĒ lifestyle abroad.Last year, nearly 3,500 Americans said good-bye to the states to live in the Caribbean, Latin America, Asia and Europe.Certainly, the U.S. government has imposed draconian rules and confiscatory taxes on Americans living abroad. Itís almost impossible now to open up a bank account in a foreign country because the foreign banks donít want the hassle of dealing with U.S. tax authorities (itís a misnomer...
  • Bank of America stops wire transfers and U.S. dollar bank drafts to Belize

    08/12/2015 5:02:10 AM PDT · by Oshkalaboomboom · 22 replies
    CuencaHighLife ^ | 12 Aug 2015 | CuencaHighLife
    Bank of America issued a statement July 28, halting Atlantic International Bank wire transfers, U.S. dollar bank drafts, and foreign currency transfers to and from Belize. chl bofaAccording to the statement, Bank of America is exploring options for the flow of incoming and outgoing wires and hopes to find a solution to the issue. The issue is called de-risking and is in compliance with the regulations currently imposed on Caribbean and Central American regions by large U.S. and European banks. This process has severed ties with several smaller banking institutions. The move caught U.S. expats in Belize by surprise and...
  • Tuesday June 30, 2015 Ė Clare Lopez & Dr. Kim Riddlebarger

    07/01/2015 6:36:09 PM PDT · by Chatlee · 111 replies
    Rick opens program with somber admonition that American Christians are imminently facing severe persecution.
  • Survey says: 35 percent of Americans would expatriate

    07/01/2015 1:51:31 PM PDT · by massmike · 23 replies ^ | 07/01/2015 | Sarah Whitten
    As the Fourth of July weekend looms and Americans prep their grills and ready their fireworks, some citizens are packing their bags. A recent online poll of more than 2,000 adults by TransferWise, a peer-to-peer money transfer service based in the United Kingdom, revealed that 35 percent of American-born residents and emigrants would consider leaving the United States to live in another country. This percentage greatly increases for those age 18 to 34. More than half of millennials, a whopping 55 percent, said that they would consider leaving the U.S. for foreign shores. Among them, 43 percent of men and...
  • Americans in Canada racing to give up passports

    05/25/2015 8:22:13 AM PDT · by rickmichaels · 31 replies
    Yahoo Canada News ^ | April 23, 2015 | Andrew McKay
    In every U.S. election, there are always threats by Americans that theyíll flee to Canada if the candidate they hate wins. Those threats rarely come to anything. But thanks to a 2014 intergovernmental agreement committing Canada to provide the banking information of Americans living here to the IRS, there appears to be mad rush by some Americans to renounce their U.S. citizenship, and stay here - forever. According to Global News, almost four times as many U.S. citizens as normal dumped their citizenship in March. The reason is an obscure regulation that forces Americans to fill out a Foreign Bank...
  • Americans abroad renouncing US citizenship hits record - again

    05/08/2015 7:05:02 AM PDT · by SeekAndFind · 47 replies
    American Thinker ^ | 05/08/2015 | Rick Moran
    <p>More Americans renounced their US citizenship in the first quarter of 2015 than any previous quarter in history, according to the IRS.</p> <p>A record 1,335 Americans living overseas renounced their citizenship in the first three months of 2015, according to the Internal Revenue Service.</p>
  • 140 Americans Flee Yemen as Country Sinks Deeper Into Chaos

    04/13/2015 9:17:16 AM PDT · by Oldeconomybuyer · 18 replies
    ABC News ^ | April 13, 2015 | By MOLLY HUNTER
    Some 140 Americans fleeing unrest in Yemen have arrived in Djibouti, officials said, but hundreds of others are believed to still remain behind in Yemen. The families in Djibouti are exhausted, getting food and water and will receive "full consular services," authorities said. Americans could be seen smiling, grasping hands with U.S. Embassy staff members in Djibouti after fleeing from Yemen. Last week, more than 50 U.S. citizens filed lawsuits last week against the State Department and Department of Defense for failing to evacuate them.
  • Is there one country left free of communism where one can retire?

    04/10/2015 8:35:05 AM PDT · by Sean_Anthony · 49 replies
    Canada Free Press ^ | 04/10/15 | Dr. Ileana Johnson Paugh
    Communism has gone global Many Americans have asked me where they could retire away from this countryís advancement towards Marxism. I was wracking my brain trying to find a place that would be suitable for my retirement years where I could continue to live in the relative freedom I found in the 1970s America. As long as we follow the law, we have nothing to hide and nothing to fear except the arm of ďenvironmental justiceĒ and ďsocial justice.Ē After all, who wants to live their formative youth years under the Iron Curtain of communism and then their retirement years...
  • Donít panic, American citizens in Canada: The IRS is not coming to seize your house

    03/08/2015 4:21:06 PM PDT · by rickmichaels · 14 replies
    Financial Post ^ | March 6, 2015 | Max Reed
    One million American citizens in Canada face double tax troubles. Max Reed explores these challenges in a spring series. This spring, a new tax law hangs heavy over U.S. citizens who call Canada home. The U.S. Foreign Account Tax Compliance Act, or FATCA, has generated a lot of attention because, as of July 1, 2014, it requires Canadian financial institutions to send information about their U.S. account holders to the Canada Revenue Agency, who will hand the info off to the Internal Revenue Service. Itís all part of an IRS crackdown on foreign tax evaders that began in 2011. FATCA,...
  • Where millionaires are movingóand fleeingóaround the world

    03/06/2015 7:17:36 AM PST · by SeekAndFind · 15 replies
    CNBC ^ | 03/05/2015 | Robert Frank
    Money moves around the world faster than ever. And millionaires, it turns out, are becoming just as global. According to a new study from global real estate consultant Knight Frank with Fragomen, the immigration specialist for the wealthy, more millionaires than ever are looking for homes in other countries. Their overseas interests range from pied-a-terres and beach homes to a place where they can house their children while they attend school overseas. A growing number are also looking for primary residences to move their families entirely and obtain new citizenship. So where are millionaires moving from and going to to?...
  • Best retirement places?

    02/13/2015 8:22:22 PM PST · by TurboZamboni · 170 replies
    Myself ^ | 2-13-15 | TZ
    Looking for a place with moderate climate,stable government,low crime rate, predominantly English speaking and is not anti-gun .Where someone on a fixed lower income can afford to not have to live like a rat.
  • As middle class flees, Puerto Rico tries luring rich people

    02/06/2015 7:15:20 AM PST · by cll · 16 replies
    AP via Yahoo! Finance ^ | 02/06/15 | Danica Coto
    PALMAS DEL MAR, Puerto Rico (AP) -- Bond trader Ben Eiler swapped life in suburban Georgia for an island in the Caribbean, and he didn't even have to apply for a visa. The towering 38-year-old native of Arkansas is one of at least 250 people who've accepted Puerto Rico's invitation to well-heeled U.S. citizens to move to the island and enjoy life without taxes on capital gains, an enticing offer for those whose income is derived from investments. Eiler lives in a gated community on Puerto Rico's southeastern shore, making a commute of less than 5 minutes from house to...
  • More Americans Renounce Citizenship, With 2014 on Pace for a Record

    10/25/2014 9:31:02 PM PDT · by cutty · 16 replies
    wsj ^ | Oct 24, 2014 | Laura Saunders
    Significant numbers of people are continuing to renounce their U.S. citizenship or end their long-term U.S. residency. ... The Treasury Department is required by law to publish a list of the names of people who renounce quarterly. The list doesnít indicate when people did so or why. It also doesnít distinguish between people giving up passports and those turning in green cards, or indicate what other nationality the individuals hold.
  • The 10 Best Destinations For People Who Want To Move Abroad

    10/06/2014 8:51:39 AM PDT · by SeekAndFind · 49 replies
    Business Insider ^ | 10/06/2014 | Christina Sterbenz
    If you want to leave your home country behind, move to Ecuador.†That's according to the largest survey of expatriates in the world. Nine out of 10 respondents from the South American country reported being satisfied with their lives there, making it the No. 1 destination.†The data comes from the†2014 Expat Insider, administered by†InterNations. It includes responses from nearly 14,000 expats from more than 160 countries.†The questions touched on general quality of life, working abroad, family life, leisure and making friends abroad, international romance and expat relationships, and personal finances.†
  • Whatís the Best Tax Haven for American Citizens?

    09/08/2014 10:14:55 AM PDT · by Kaslin · 19 replies ^ | September 8, 2014 | Daniel J. Mitchell
    Since I spend considerable time defending tax competition, fiscal sovereignty, and financial privacy, people sometimes think I can give competent advice on how best to protect oneís income from the IRS. Hardly. Like most people in Washington, Iím all theory and no practice.Besides, when people ask me about the ideal tax haven for an American citizen, I generally donít have good news.I explain that they are already living in a very successful tax haven, but then given them the bad news that only nonresident foreigners can take advantage of Americaís tax haven policies. Though we should still be happy about...
  • Obama Inc. to Make it 5X More Expensive to Stop Being a US Citizen

    09/02/2014 7:14:12 AM PDT · by SeekAndFind · 29 replies
    Frontpage Mag ^ | 09/02/2014 | Daniel Greenfield
    That would be a great plan if he wasn’t also making it ten times more expensive to be a US citizen. I’m not sure what comes next. A big concrete wall and barbed wire?Obama is making it easy to come and hard to leave. The only places that do that are prisons and bear traps. It doesn’t say anything good about the American Dream when the country encourages non-taxpayers to come and penalizes taxpayers who want to leave. Americans who are abandoning their citizenship in droves are due to be charged five times more to surrender their passport under government...
  • More Swiss Banks Give Eric Holder One-Finger Salute

    09/01/2014 4:55:28 AM PDT · by Kaslin · 22 replies ^ | September 1, 2014 | John Ransom
    More Swiss banks are dropping out of the U.S. banking program that the IRS supposedly uses to prevent American citizens from stashing cash overseas to avoid taxes. Known for 100 years as the original tax haven, free from the prying eyes of governments around the world, Swiss banks have provided banking services that guaranteed anonymity to arms dealers, Nazis, and law-abiding Americans alike.Offshore banks, especially Swiss banks, are not generally used to evade taxes however. The government already has enforcement mechanisms in place to prevent tax evasion by the use of offshore banks by American citizens. No smart rich person,...
  • Several Swiss banks pull out of U.S. tax program: paper

    09/01/2014 5:46:49 AM PDT · by Beave Meister · 24 replies ^ | 8/31/2014 | Reuters
    ZURICH (Reuters) - At least 10 Swiss banks have withdrawn from a U.S. program aimed at settling a tax dispute between them and the United States, Swiss newspaper NZZ am Sonntag said on Sunday, quoting unnamed sources. Around 100 Swiss banks came forward at the end of last year to work with U.S. authorities in a program brokered by the Swiss government to help the banks make amends for aiding tax evasion. "At least 10 banks that had decided at the end of 2013 to pay a fine have withdrawn their decision," NZZ am Sonntag said, quoting unnamed lawyers and...
  • U.S. Hikes Fee To Renounce Citizenship By 422%

    08/29/2014 1:42:28 PM PDT · by Former Proud Canadian · 49 replies
    Forbes ^ | Aug 28, 2014 | Robert W. Wood
    Over the last two years, the U.S. has had a spike in expatriations. It isnít exactly Ellis Island in reverse, but itís more than a dribble. With global tax reporting and FATCA, the list of the individuals who renounced is up. For 2013, there was a 221% increase, with record numbers of Americans renouncing. The Treasury Department is required to publish a quarterly list, but these numbers are under-stated, some say considerably. The presence or absence of tax motivation is no longer relevant, but that could change. After Facebook co-founder Eduardo Saverin departed for Singapore, Senators Chuck Schumer and Bob...
  • 5 reasons not to retire in the U.S.: Number of retirees overseas has more than doubled in 10 years

    08/08/2014 5:22:04 AM PDT · by SeekAndFind · 31 replies
    MarketWatch ^ | 08/08/2014 | By Quentin Fottrell,
    More than half a million retirees receive their Social Security benefits abroad, according to International Living , a monthly newsletter focusing on retiring overseas. The Social Security Administration currently sends 613,650 retirement-benefit payments outside the U.S., more than double the 242,128 benefit payments sent abroad in 2002. And even that data likely under-represents the actual number of Americans retired overseas, says Dan Prescher, 60, special projects editor of the newsletter. (International Living gets much of its financial support from advertisers who sell overseas real estate to retirees, and other services for those wishing to relocate.) ďSan Diego has some of...
  • The IRS Crackdown on Offshore Tax Cheats Comes with a Price

    07/04/2014 5:44:44 AM PDT · by SeekAndFind · 40 replies
    Fiscal Times ^ | 07/04/2014 | John Grgurich
    <p>If you're an American, July 4 likely holds some significance for you, even if that's only getting the day off from work, having a beer, and watching some fireworks. But if you're an American living overseas, July 1 may come to hold an even greater significance ó the day the Internal Revenue Service's new overseas tax-collection rules took effect.</p>
  • Foreign banks to report on Americans trying to evade taxes as US FACTA starts July 1

    07/02/2014 7:15:58 AM PDT · by SeekAndFind · 27 replies
    US Foreign Account Tax Compliance Act (FATCA) that allows banks worldwide to reveal information about their depositors, takes into effect on July 1. Under the new act all foreign banks are required to reports all offshore accounts of the US citizens. Banking centers like Switzerland and Luxembourg that agreed to the US Foreign Account Tax Compliance Act (FATCA) will have to begin turning over account names and other data to US financial authorities so that they can tax unreported income. According to the Internal Revenue Service, US citizens will have fewer options to stash their cash offshore away from the...
  • The U.S. dollar will officially collapse on 1 July 2014 due to the implementation of H.R. 2847.

    04/27/2014 11:09:45 AM PDT · by tired&retired · 62 replies ^ | Snopes
    Write Down This Date: July 1st, 2014 On this date, U.S. House of Representatives Bill "H.R. 2847" goes into effect. It will usher in the true collapse of the U.S. dollar, and will make millions of Americans poorer, overnight. You now have just several months to prepare ... Snopes Opinion: Mixture of Truth & NonTruth Origins: This item about the passage of H.R. 2847 causing the U.S. dollar to collapse as of 1 July 2014 is another example financial scarelore put out in conjunction with an investment come-on, in this case an ominous sales pitch put out by the folks...
  • More renounce US citizenship but deny stereotype

    04/27/2014 8:08:31 AM PDT · by Navy Patriot · 34 replies
    Yahoo News (AP) ^ | April 27, 2014 | ADAM GELLER
    Inside the long-awaited package, six pages of government paperwork dryly affirmed Carol Tapanila's anxious request. But when Tapanila slipped the contents from the brown envelope, she saw there was something more. "We the people...." declared the script inside her U.S. passport ó now with four holes punched through it from cover to cover. Her departure from life as an American was stamped final on the same page: "Bearer Expatriated Self." With the envelope's arrival, Tapanila, a native of upstate New York who has lived in Canada since 1969, joined a largely overlooked surge of Americans rejecting what is, to millions,...
  • Why expats are ditching their U.S. passports: Here's a profile of some of them...

    03/11/2014 9:07:53 AM PDT · by SeekAndFind · 165 replies
    CNN Money via Yahoo News ^ | 03/11/2014 | Sophia Yan
    3,000 Americans around the world renounced their citizenship last year. Meet five U.S. citizens who have given up their passports -- or are thinking about it -- to escape an overly complicated tax code. I threw up after renouncing View photo.Donna-Lane NelsonName: Donna-Lane Nelson, 71Lives in: Geneva, Switzerland I renounced my U.S. citizenship in 2011. After I did it, I was so emotional that I threw up outside the embassy. During my renunciation, I broke down. It was like getting a divorce. America gave me my education, a good career path, and I came from a beautiful part of the...
  • The number of Americans who renounced their citizenship in 2013 just shattered 2011's record

    02/10/2014 7:21:01 PM PST · by SeekAndFind · 20 replies
    Hotair ^ | 02/10/2014 | Erika Johnsen
    There are any number of reasons a person might consider giving up their U.S. citizenship, ranging from the familial to the professional to the financial, but for me at least, it would take a heck of a lot for me to even think about it. And by ‚Äúa heck of a lot,‚ÄĚ I mean that I have difficulty fathoming a situation in which I would actually want to give up my citizenship and/or live anywhere permanently other than the United States, because from where I‚Äôm sitting, the mere suggestion sounds pretty ghastly ‚ÄĒ which is precisely why our spiking expatriation...
  • New U.S. 2014 Tax Regime is "Devastating," Experts Say

    12/30/2013 11:22:19 PM PST · by VitacoreVision · 18 replies
    The New American ^ | 30 December 2013 | Alex Newman
    A new IRS tax regime in 2014 will be devastating for the U.S. economy, and for millions of Americans working abroad, especially those in the middle class. New U.S. Tax Regime is "Devastating," Experts Say The New American 30 December 2013 Already facing ďpariahĒ status worldwide due to onerous IRS requirements, millions of Americans living and working abroad are preparing to deal with a deluge of even bigger problems in 2014, when a byzantine new tax regime starts going into effect. Known as the Foreign Account Tax Compliance Act, or FATCA, the deeply controversial and incredibly complex scheme is...
  • Why US baby boomers are retiring in Latin America

    12/02/2013 7:35:24 AM PST · by posterchild · 61 replies
    Christian Science Monitor ^ | Dec 1, 2013 | Daniel B. Wood
    LOS ANGELES ó After 20 years in the US military, James Cummiskey was divorced and looking for a change. Relenting to his buddy's request, he flew to MedellŪn, Colombia, for a visit. He looked, he saw, and, by dinner time, he decided to stay. Permanently. "After four to five hours, I was immediately captured by everything I saw," says the ex-marine, who has lived in 35 countries. He spent the next four months selling two homes, three vehicles, two motorcycles, and one airplane. He put the money aside and decided to retire early. Now he lives in a posh section...
  • Any pinglist for moving overseas?

    10/18/2013 2:46:47 PM PDT · by Oshkalaboomboom · 47 replies
    10/18/2013 | Oshkalaboomboom
    The older I get the more I fear that I will not be able to afford to live in the country I was born in and thought I would die in. We're basically left with the choice of burning through all of our savings until we end up living out our days on the dole or selling out and moving someplace with a low enough cost of living to allow my wife and I to live out our retirement in dignity. Right now we are looking at Ecuador based on the positive experiences of friends that successfully retired there and...
  • Why I will never return to the USA

    10/15/2013 5:13:40 PM PDT · by EveningStar · 72 replies
    Das Magazin ^ | October 9, 2013 | Niels Gerson Lohman
    After a year of traveling, I had planned a last, short trip. I was going to take the train from Montreal to New Orleans. The travels I had been undertaking earlier this year had brought me to places that were meant to form the background of my second novel... First, he saw my Sri Lankan stamp. The customs officer raised his eyebrows. "Sri Lanka, what were you doing over there?" "Surfing. Traveling. My best friend lives there. He is an architect." The officer flipped on, seemingly satisfied. Secondly, he found my stamps from Singapore and Malaysia. "What were you doing...
  • I hear Belize is nice, maybe Costa Rica

    10/11/2013 10:28:20 AM PDT · by kyperman · 166 replies
    Monday, October 25, 20105 Best Countries to Escape America's Decline Activist Post Okay, you're upset with the direction America is headed and you've been thinking of moving to another country. Perhaps you feel exhaustively cynical about the political, economic, or social situation in the U.S. and think it is beyond repair. You wouldn't be alone. Many top economists and other trend forecasters are now openly predicting that a total economic, environmental, and social collapse may be imminent in America.
  • Why are Americans giving up their citizenship?

    09/26/2013 6:19:38 PM PDT · by PotatoHeadMick · 41 replies
    BBC ^ | 26 September 2013 | Tom Geoghegan
    The number of Americans giving up their citizenship has rocketed this year - partly, it's thought, because of a new tax law that has frustrated many ex-pats. Goodbye, US passport. That's not a concept that Americans contemplate lightly. But it's one that many of them seem to be considering - and acting on. The number of expatriates renouncing their US citizenship surged in the second quarter of 2013, compared with the same period the year before - 1,131 cases to 189 in 2012. The list is compiled by the Federal Register and while no reasons are given, the big looming...
  • (Vanity) Question regarding obamacare and those living outside the US

    09/25/2013 1:44:34 PM PDT · by Red in Blue PA · 57 replies
    Does an American living outside the US need to pay the penalty of obamacare? Many take 6 to 12 month (or longer trips traveling the world, living off of their savings. Others live overseas and live a life which is simpler and as such, have less money coming in. What does a person living a good life in central American with a small store or restaurant do? If they make a few thousand in profit, that is fine living in many places. Obamacare fines would eat those profits up in no time. Additionally, what is the point of buying into...
  • U.S. Expats Balk at Tax Law: American Citizen Renunciations Are Soaring

    08/13/2013 5:33:51 AM PDT · by SeekAndFind · 31 replies
    Wall Street Journal ^ | 08/12/2013 | MARIKO SANCHANTA And JASON CHOW
    The U.S.'s crackdown on global tax evaders is prompting some Americans in Asia to rethink their citizenship, attorneys there say, in part amid an increasing burden of paperwork required by U.S. tax law. "When I became an immigration lawyer 30 years ago, people really were excited about going to America. Now, more than half of my clients are people thinking of other alternatives rather than people seeking to immigrate to America," said Eugene Chow, the principal of Chow King & Associates in Hong Kong. "My mentor, who is in his early 80s, said to me, 'You became an immigration lawyer...
  • RUSH: Giving up citizenship -which nation is the New America?

    08/12/2013 10:42:33 AM PDT · by Deathtomarxists · 114 replies
    Just listening to Rush He is discussing the increase in people giving up US citizenship. I have thought about this as have many in my family. But where to go? Is it really an option politically and financially? Which culture would be the best fit for an ex-American citizen? What kind of legal hassles would result? Please be specific as to why you feel the country you state is the "best" country to immigrate to; political/social atmosphere, wage, social mobility, entrepreneurial opportunities, etc.
  • MASSIVE jump in people who renounced US citizenship last quarter

    08/08/2013 2:33:33 PM PDT · by Perdogg · 90 replies Makarska, Croatia ^ | August 8, 2013 Makarska, Croatia | by Simon Black Makarska, Croatia
    Submitted by Simon Black via Sovereign Man blog, A massive 1,131 individuals renounced their US citizenship last quarter, according to data that has yet to be officially released (though I was able to procure an advanced copy). This is a HUGE jump. Compared to the same quarter last year in which 188 people renounced their US citizenship, this yearís number is over SIX TIMES higher. Not to mention, it's 66.5% higher than last quarter's 679 renunciations. This brings the total number of renunciations so far this year to 1,810. While still embryonic, it's difficult to ignore this trendĖ more and...
  • Number of Americans Renouncing Citizenship Surges

    08/09/2013 12:17:12 PM PDT · by Sub-Driver · 42 replies
    Number of Americans Renouncing Citizenship Surges Expert Says 2013 on Pace to See Highest Number of U.S. Expatriations Ever By LAURA SAUNDERS CONNECT The number of Americans renouncing their citizenship or permanent-resident status surged to 1,130 for the second quarter. According to international tax lawyer Andrew Mitchel, who practices in Centerbrook, Conn., it's the highest number of quarterly expatriations ever reported, and it puts 2013 on pace to have the largest number of renunciations ever. The Internal Revenue Service publishes a quarterly list of the names of recent expatriates in the Federal Register. Experts note that sometimes there's a delay...
  • A Special Tax Misery for Americans Living Abroad

    07/22/2013 2:28:18 PM PDT · by SeekAndFind · 25 replies
    Wall Street Journal ^ | 07/18/2013 | COLLEEN GRAFFY
    Beware the sledgehammer used to crack the nut. In this case, the nut is the U.S. government's laudable goal of catching tax evaders. The sledgehammer is the overreaching effect of legislation that is alienating other countries and resulting in millions of U.S. citizens abroad being forced to either painfully reconsider their nationality, or face a lifetime of onerous bureaucracy, expense and privacy invasion. The legislation is Fatca, the Foreign Account Tax Compliance Act. To appreciate its breathtaking scope along with America's unique "citizen-based" tax practices, imagine this: You were born in California, moved to New York for education or work,...
  • Due to Increased Regulations, Millions of Americans Abroad Forced to Reconsider U.S. Citizenship

    07/17/2013 12:33:53 PM PDT · by Errant · 67 replies
    The Weekly Standard ^ | 17 July, 2013 | DANIEL HALPER
    The Foreign Account Tax Compliance Act, or Fatca, is forcing millions of Americans living abroad to reconsider their U.S. citizenship, a lawyer, Colleen Graffy, writes in the Wall Street Journal. "The legislation is Fatca, the Foreign Account Tax Compliance Act. To appreciate its breathtaking scope along with America's unique "citizen-based" tax practices, imagine this: You were born in California, moved to New York for education or work, fell in love, married and had children. Even though you have faithfully paid taxes in New York and haven't lived in California for 25 years, suppose California law required that you also file...
  • Going Galt: More Americans Vote with their Feet against Obama

    05/12/2013 9:39:41 AM PDT · by Kaslin · 16 replies ^ | May 11, 2013 | Daniel J. Mitchell
    I’ve written many times about how investors, entrepreneurs, small business owners and other successful people migrate from high-tax states to low-tax states. Well, the same thing happens internationally, as France’s greedy politicians are now learning. It’s a lot harder for Americans to escape our tax system, though, in part because of reprehensible exit taxes that are disturbingly reminiscent of some of the awful policies of past totalitarian regimes. But it still happens, and that’s a very damning indictment of Obamanomics and a worrying referendum on the future of the United States. Here are some blurbs from a recent Fortune article.Americans...
  • Hey Freepers - Have You Ever Been to Buenos Aires , Argentina ? ( Vanity )

    07/09/2012 7:16:17 PM PDT · by sushiman · 32 replies
    I'd be very happy to hear about your experiences in this city , and / or Argentina in general .
  • 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 ďrenunciationĒ. 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...
  • Struggling Caribbean islands selling citizenship

    02/13/2013 3:41:14 PM PST · by posterchild · 38 replies
    AP via ^ | Tue Feb 12, 2013 | David Mcfadden
    KINGSTON, Jamaica (AP) -- Hadi Mezawi has never set foot on the Caribbean island of Dominica, has never seen its rainforests or black-sand beaches. But he's one of its newest citizens. Without leaving his home in the United Arab Emirates, the Palestinian man recently received a brand new Dominican passport after sending a roughly $100,000 contribution to the tropical nation half a world away. "At the start I was a little worried that it might be a fraud, but the process turned out to be quite smooth and simple. Now, I am a Dominican," said Mezawi, who like many Palestinians...
  • Pew global survey: The most anti-American country in the world isÖ

    01/12/2013 7:33:27 PM PST · by SeekAndFind · 54 replies
    Hotair ^ | 01/12/2013 | AllahPundit
    If you look only at the topline question it's a tie between Jordan and Pakistan. But don't look only at the topline question. Click around in the left sidebar at the link and watch how some of the numbers change as you get into specifics --- opinions of American democracy, American business, etc. When you get to American technology and scientific advances, even a near-majority of Pakistanis (47/27) have a favorable opinion. There's only one country where anti-Americans outnumber pro-Americans on every single question. Here's a hint: We're duty bound by treaty to come to their defense if they’re attacked.While...
  • Should you leave the USA before the collapse? Words of wisdom from someone who tried

    01/04/2013 8:33:51 PM PST · by Kartographer · 125 replies
    Poor Richards Blog Spot ^ | 12/14/12 | Mike Adams
    Realization #1 - Corruption is far worse outside the USA Realization #2 - Many cultures do not practice long-term preparedness thinking Realization #3 - Don't be the foreigner Realization #4 - You cannot escape the global police state Realization #5 - You are far safer to hunker down than try to go mobile
  • More Americans Living Abroad Turning In Passports

    05/30/2012 11:12:24 PM PDT · by Olog-hai · 16 replies
    Investor's Business Daily ^ | 05/29/2012 06:54 PM ET | TOM GRAY
    Eduardo Saverin is not exactly your typical ex-American. He's too rich to be that. But the newly minted Facebook billionaire, who renounced his U.S. citizenship last year in favor of Singapore, is part of a trend. A small but growing number of Americans are turning in their passports. Last year, the Treasury Department reported that 1,781 American citizens or long-time legal residents cut their ties with the U.S. This was up from 1,534 in 2010, 742 in 2009 and just 231 in 2008. There were 461 renunciations in the first quarter of 2012 alone. By comparison, the annual average for...
  • Close US elections race makes expats ďnervousĒ

    11/01/2012 12:13:51 PM PDT · by Olog-hai · 23 replies ^ | October 31, 2012 | Daniela Vincenti
    Just days before US elections, American expatriates in Europe feel increasingly anxious about the neck-and-neck race between incumbent President Barack Obamaóheavily favored on this side of the Atlanticóand Republican contender Republican Mitt Romney. Ö ďI believe perceptions are already formed,Ē said Michael Kulbickas, who chairs Republicans Abroad in Belgium. Ö A recent German Marshall Fund poll showed that if Europeans could vote, an overwhelming majority (75%) would support Obama. Only 8% said they would vote for Romney. Ö ďPeople here donít know Romney. Obama is very popular,Ē Kulbickas agrees, stressing the victory of Romney will be a shock for most...
  • Socialite dumps US passport and most taxes too(Denise Rich)

    07/09/2012 7:34:28 AM PDT · by jakerobins · 44 replies
    Denise Rich, the wealthy socialite and former wife of pardoned billionaire trader Marc Rich, has given up her U.S. citizenship - and, with it, much of her U.S. tax bill. Rich, 68, a Grammy-nominated songwriter and glossy figure in Democratic and European royalty circles, renounced her American passport in November, according to her lawyer. Her maiden name, Denise Eisenberg, appeared in the Federal Register on April 30 in a quarterly list of Americans who renounced their U.S. citizenship and permanent residents who handed in their green cards. By dumping her U.S. passport, Rich likely will save tens of millions of...
  • Why More and More Americans are Abandoning Their US Citizenship

    07/04/2012 7:11:39 AM PDT · by SeekAndFind · 41 replies
    The Daily Reckoning ^ | 07/03/2012 | Eric Fry
    07/03/12 Laguna Beach, California ‚Äď In November, millions of Americans will trudge to their local polling places to cast votes in the hope of improving their lives here in the USA. Between now and then, a few hundred Americans will vote with their feet in the hope of improving their lives outside the USA.Last year, nearly 1,800 Americans surrendered their citizenship. In a nation of 300 million folks, 1,800 √©migr√©s is hardly a rush for the exits. But the recent trend is, nevertheless, intriguing.As recently as four years ago, only 200 people checked out of America for good. Back...