Submission to New Zealand Finance and Expenditure Committee – #FATCA

On February 4, 2014 I sent a submission to the New Zealand Finance and Expenditure Committee on the “Taxation (Annual Rates, Employee Allowances, and Remedial Matters) Bill”.  This bill  is understood to be in part, the enabling legislation for a FATCA IGA between New Zealand and the United States. Commentary on “FATCA consciousness” (or rather lack of it) in New Zealand is available on a “FATCA Centric blog”  here  (see the comments for additional submissions) and here.

After sending my submission I was notified of the following opportunity:

The Finance and Expenditure Committee will be hearing submissions on the above bill on Wednesday, 12 February 2014 from 10.00am and your submissions has been allocated a time as follows:

“Wednesday, 12 February 2014
11.45am – 12.00am [Submissions can be made via teleconference.]
Select Committee Room to be advised
Parliament House
Wellington

Please confirm if you are able to attend and if so the names and designations of your presenters. Submissions can be made via teleconference.

At present there is a trial of webcasting being conducted of select committee hearings; it is possible this hearing may webcast depending on the room allocated.”

I have accepted the invitation of the Committee. Here is the submission:

Paying Tribute to America

Paying Tribute to America-5

 

By keeping the focus on the relationship between citizenship-based taxation and FATCA, I have attempted to align  the submission to the Yates, Kish, Richardson submission to the U.S. Senate Finance Committee on citizenship-based taxation.

FATCA is far more insidious when it is linked to U.S. citizenship-based taxation.

I would be grateful for your comments either on this blog or by contacting me directly.

 

 

6 thoughts on “Submission to New Zealand Finance and Expenditure Committee – #FATCA

    1. admin Post author

      This will be done via their “teleconferencing option” – will be interested to get your impression. Also, I understand that some or all of this may be webcast. Is this correct? If so, it would be good to know so that people in this part of the world will be able to see/hear all submissions.

  1. osgood

    I am not sure about the webcast – I will try and find out from their website and post if I find anything. I think this is something new for them. If not, I will post my note on the proceedings. All the written submissions will be made publicly available at some point, I’l link to it when they are.

  2. Mark Twain

    I cannot find your original submission. I seem to be going around in circles following your links.

    I have found the followup.

    Perhaps the links have gotten old and the material was moved?

    Can you clearly show a link to your submission?

  3. Mark Twain

    oops

    now I see it:

    I have accepted the invitation of the Committee. Here is the submission:

    Paying Tribute to America

    Sorry, the formatting on your site plays tricks on me.

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