The Pandora Papers, FATCA, CRS And How They Have Combined To Create Tax Haven USA

Introduction While millions of people are obsessed with taxation there are apparently people who may (but who knows) wish to simply opt out of the discussion. Your friendly reminder that Pastor Tan-Chi of @ccfmain is on the Paradise Papers 🙃 — Joel Darwin (@crenshawpunch66) October 3, 2021 I am becoming less and less interested in […]

Tax Haven or Tax Heaven 9: US Treasury Secretary Lew claims USA is a leader in information exchange!

US Treasury Secretary Lew For The International + Monetary Committee USA leads the world in info exchange with FATCA — Citizenship Lawyer (@ExpatriationLaw) April 19, 2016 What follows is Secretary Lew’s rather extraordinary statement. One gets the impression that he lives in a world where, the United States is simply a wise “sage” or […]

Tax Haven or Tax Heaven: Introduction – Were the "Panama Papers" about #offshore "tax evasion" or "tax avoidance"?

Appreciate your article. But the "Panama Papers" are more about compliance with corrupt laws than about tax evasion! — Citizenship Lawyer (@ExpatriationLaw) April 10, 2016 The above tweet references an article written by Tony Burman, which appeared in the Toronto Star (and other papers) on April 9, 2016. The article included: The global aftershocks […]

Tax Haven or Tax Heaven 8: The US attempt to "suck and blow" at the same time – keeping corporate profits out of the USA

The previous posts have argued that: 1. The purpose of a “Tax Haven” is to lure or entice capital from “foreign” jurisdictions. 2. The purpose of U.S. citizenship-based taxation is to lay claim to the capital of other nations and transfer that capital to the U.S. Treasury. The attraction of capital is a good thing […]

Tax Haven or Tax Heaven 6: Must read interview with @FranHendy – The movement of wealth transparency and the right to privacy

The Movement of Wealth, Transparency, the Right to Privacy…and More via @franhendy – fascinating interview — Citizenship Lawyer (@ExpatriationLaw) April 16, 2016  

Tax Haven or Tax Heaven 1: @FranHendy and @BarrieMcKenna see “Panama Privacy Leak” as about more than #offshore witch hunt

Tax Haven or Tax Heaven 1: FranHendy and BarrieMcKenna see "Panama Privacy Leak" as about more … via @ADCSovereignty — Citizenship Lawyer (@ExpatriationLaw) April 17, 2016 Strict tax compliance has its innocent victims /via @globeandmail – Bravo @BarrieMckenna for mention of # FATCA! — Citizenship Lawyer (@ExpatriationLaw) April 5, 2016 The above tweet […]

Tax Haven or Tax Heaven 5: How the 1966 desire to "poach" capital from other nations led to the 2008 S. 877A Exit Tax

Title 26, Subtitle A, Chapter 1, Subchapter N, Part II, Subpart A of the Internal Revenue Code is of great interest.. The text of S. 871 of the Internal Revenue Code is here. The IRS interpretation of S. 871 along with the requirements for when the non-resident alien is required to file a 1040-NR return […]

Tax Haven or Tax Heaven 3: Why the USA is an attractive place to lure “foreign capital” and keep that "foreign capital" secret

The United States as a “poacher” (AKA Tax Haven) of the capital of other nations Q. Why might you renounce US citizenship and nvestin the US? A. Bc the US will not tax you on some investmentments. — Citizenship Lawyer (@ExpatriationLaw) April 13, 2016 The above tweet references the following article which includes: Leaving […]

Tax Haven or Tax Heaven 4: Why bother "poaching capital" as a Tax Haven, if you can steal the capital using citizenship-based taxation?

Involuntary “poaching” of capital – “citizenship-based taxation” U.S. citizenship-based taxation ALSO results in the direct “poaching of capital” from other nations! A thoughtful post describing the cost of U.S. “poaching” to Canada is here. A Paper Detailing FATCA's Costs to Canada – How the US uses #Americansabroad to "poach" "Wealth of Other Nations" — […]

Tax Haven or Tax Heaven 7: Senator @PercyDowne, the "tax gap" and the need to "close" it

Globe and Mail. Ottawa under pressure to calculate 'tax gap' in wake of Panama Papers #cdnpoli #pei — Senator Percy Downe (@PercyDowne) April 5, 2016 Senator Percy Downe of Prince Edward Island has long been concerned with offshore tax evasion. You can keep up with his contributions to the discussion by following him on […]