Put America first by putting Americans first. End global taxation and compliance bloat

Put America first by putting Americans first. End global taxation and compliance bloat

Joining us today from citizenshipsolutions.ca is tax attorney John Richardson as we discuss why every American is entitled to a better tax system than our current mess, a subduction where confusion crashes into consequences. Repeal FATCA and Stop Imposing Direct Taxation on the residents of other countries! – Americans deserve a first class tax system, a system that allows American citizens to compete with the rest of the world! John Richardson counsels US citizens in Canada and abroad, and can give us some insight into how U.S. “citizenship” AKA “place of birth taxation” HURTS American citizens living in other countries and ultimately HURTS America! Here is the outline of what we discussed: FATCA/CBT repeal – How are FATCA and CBT related? Why should each of them be repealed? Which of FATCA or CBTR is the greater harm? We need to change the ideas on the best way to get this accomplished America deserves a modern tax system – a tax system that allows America and American citizens to effectively compete in a global world. America shouldn’t have a tax system that prevents U.S. citizens living outside the United States from competing for the United States in those countries Why are we working so hard to repeal FATCA? Why are we working so hard to repeal CBT: the U.S. practice of exporting the Internal Revenue Code to other countries and imposing it on people who live in other countries? Who is this really hurting? How much is FATCA and other disclosure programs actually bringing in, compared to costs of resources? (auditors don’t even want to touch foreign returns) What is the result the IRS is hoping to get? What is Congress hoping to achieve by imposing direct taxation on people who are “tax residents” of other countries Why is repealing FATCA important to homeland Americans? Why should Homeland Americans be concerned about this at all? “The world is your oyster, unless you’re American” but you don’t realize until it’s too late How does our tax system impose our value system on other countries? How does U.S. tax compliance for Americans who are residents in other countries really work? How does it make it impossible for those affected by it to live normal financial lives? Saving for retirement, pensions, have business partners, have marriage partners who are NOT U.S. citizens? Parent & Parent LLP 144 South Main Street Wallingford, CT 06492 (203) 269-6699 info@irsmedic.com http://ift.tt/1RfwK1f https://youtu.be/vRT7pvOxVvE IRS Medic