Must listen: Suzanne Iclef Herman discusses a possible Congressional hearing in regard to FATCA. Call to action for all to contact their Congressperson.
Over the last few months, I have been exchanging with Lorie Konish, a journalist of CNBC. From the questions that she was asking me, it seemed that Lorie wanted to get two things on the record. 1) Real people perspective on CBT, 2) her facts straight.
We are sponsoring a petition to go to all of Congress and the White House to end Citizen-Based Taxation. Please sign!
After a great deal of pressure from expat groups, the IRS has allowed for a delay in paying the first year of Expat tax.
Karen Alpert from Fix the Tax Treaty offers some excellent insight on the EU petition to address issues with FATCA.
PurpleExpat is launching EXPATVOTES – Your help is needed. EXPATVOTES is the first Congressional Database exclusively for Americans abroad Go to EXPATVOTES The original idea behind the PurpleExpat was to provide fact-based information to Americans
For the first time, Americans overseas are united against FATCA, Double Taxation, and Government overreach
Many Americans abroad are just finding out about the legislation, enforcement tactics, non-represented national treaties (IGAs), tax treaties that impact your life, and a compliance industry that is making a fortune out of us. Many have written letters to Congress, only to receive an answer that has nothing to do with our situation or not get an answer at all. Some non-elected bureaucrat makes life-changing decisions on rather or not our pension that we are required to pay locally will be double taxed or penalized. Some bureaucrat makes decisions on rather or not your local social benefits are “passive income” and double-taxed. Many of us are facing financial ruin, just for being American. We are forced to maneuver two non-related tax systems. We have no privacy, FATCA has killed that and caused massive local discrimination. We certainly do not have freedom or a government that represents us. What is worse, either the people who are doing this do not understand or, worse, do not care. The well-documented problems that our Government is causing are being written off as “unintended consequences.”
The tax cheating rich people “Fat Cats” that the US Government says that it wants to catch are either in the US or have already avoided being caught. Therefore, because the US Government is not catching enough “tax cheats” or enough penalty or fine revenue, some think that the laws are not tight enough. So some are proposing even making it worse. As soon as Americans begin to organize, the partisans jump in and deflect our unity. It does not matter if you support the current President or if you are a Democrat or Republican, conservative or liberal. Neither party has represented us. Our Government has failed us like no other group of Americans. We cannot hide from this anymore.