tag:blogger.com,1999:blog-2424131704277823220.post3222457525114429019..comments2023-09-23T11:16:00.352+02:00Comments on The Franco-American Flophouse has moved: Some Perspective on FATCAVictoria FERAUGEhttp://www.blogger.com/profile/16319699673885400472noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-2424131704277823220.post-3966364325529886442012-07-04T02:22:24.564+02:002012-07-04T02:22:24.564+02:00Victoria, I think we have to assume that Emily McM...Victoria, I think we have to assume that Emily McMahon believes what she says. She does not establish US tax policy but has accepted a position where it is her job to support and enforce it. She has to believe in it to have accepted this position. <br /><br />It is Congress that sets the rules.RogerChttps://www.blogger.com/profile/14860060163148472550noreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-77624600906287774452012-04-25T07:39:44.884+02:002012-04-25T07:39:44.884+02:00Hi Tim,
No I didn't go. I was a member, had ...Hi Tim,<br /><br />No I didn't go. I was a member, had a very nice exchange of emails with them but came to the conclusion that they were between a rock and a hard place. So I let it go and joined the other party...<br /><br />VictoriaVictoria FERAUGEhttps://www.blogger.com/profile/16319699673885400472noreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-30021192333094178362012-04-24T16:10:25.082+02:002012-04-24T16:10:25.082+02:00Victoria,
I noticed that Democrats Abroad France ...Victoria,<br /><br />I noticed that Democrats Abroad France is having an FBAR/FATCA event tonight in Paris. I was curious whether or not you were going?<br /><br />http://www.democratsabroad.org/node/14746Timhttps://www.blogger.com/profile/03894651289037073128noreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-68467542790705819842012-04-20T17:25:25.232+02:002012-04-20T17:25:25.232+02:00@bubblebustin - I agree . We are the eggs to be b...@bubblebustin - I agree . We are the eggs to be broken in the making of this omelet. :-)<br /><br />@arun - I'm not sure how she would respond but I believe that she is sincere and believes what she says. Is she open to new information? ACA and AARO and other organizations are trying to get our side heard. We'll have to see if that does any good.<br /><br />VictoriaVictoria FERAUGEhttps://www.blogger.com/profile/16319699673885400472noreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-57245643054877435582012-04-19T12:51:21.536+02:002012-04-19T12:51:21.536+02:00Victoria, in response to your question, one would ...Victoria, in response to your question, one would have to ask Emily McMahon if she thinks it is reasonable or fair that Americans who live overseas should be doubly taxed, that by the mere fact of living and earning outside the US expatriate Americans should be the most heavily taxed persons in the world, being subjected in effect to confiscatory rates of taxation. Once one hears her response to this, we can take it from there.<br /><br />ArunAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-62630518697357262642012-04-18T03:10:40.302+02:002012-04-18T03:10:40.302+02:00Hmm, I am beginning to think that we aren't so...Hmm, I am beginning to think that we aren't so much minnows as we are red herrings.bubblebustinhttps://www.blogger.com/profile/01789474207408205280noreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-66251652936772206432012-04-17T14:35:27.281+02:002012-04-17T14:35:27.281+02:00Hi Arun, What troubles me is that homeland Americ...Hi Arun, What troubles me is that homeland Americans do not seem prepared to accept that difference. <br /><br />There are some really choice quotations here at Isaac Brock about how homelanders feel about this:<br /><br />http://isaacbrocksociety.com/2012/02/12/what-is-the-real-size-of-the-u-s-federal-tax-code/<br /><br />And very recently there was a statement issued by the U.S. Treasury department that was very disturbing. <br /><br />“When taxpayers overseas avoid paying what they owe, other Americans have to bear a disproportionate share of the tax burden,” Emily McMahon, the Treasury’s acting assistant secretary for tax policy, said in the press release. “FATCA is an important part of the U.S. government’s effort to address that issue and these regulations implement FATCA in a way that is targeted and efficient.”<br /><br />I interpret that as an assumption that we Minnows are just as guilty as the Whales and the burden is on us to prove otherwise. So the net will indeed be wide by design.<br /><br />Perhaps you have a different take on it - what do you think?Victoria FERAUGEhttps://www.blogger.com/profile/16319699673885400472noreply@blogger.comtag:blogger.com,1999:blog-2424131704277823220.post-50433056096151225892012-04-17T12:16:34.349+02:002012-04-17T12:16:34.349+02:00As I've said before, there's a difference ...As I've said before, there's a difference between tax evasion and double taxation, between a US resident with an offshore account and a US citizen resident abroad with a foreign account in his/her country of residence. The problem is not FATCA per se but the wide net it casts. If it concerns only US citizens resident in the US, then it's not a problem. But if implicates people like you and me, then it is a very big problem. <br /><br />ArunAnonymousnoreply@blogger.com