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Friday, November 15, 2013

More Taxpayers Are Abandoning The U.S.

More taxpayers are waking up to the fact that America is toast; Year's Tally for Expatriations Sets Record; Increase Comes Amid Tax Crackdown on Offshore Assets; IT IS TIME: Move Your Money Out of the U.S. Banking System Before Laws Are Enacted TO STOP YOU

THE WALL STREET JOURNAL
By Laura Saunders
11/15/2013

Editor's note:  Two major banks that are making it difficult for you to send international wires or draw out large amounts of cash. Both JPMorganChase and HSBC USA have instituted new policies which will make it difficult for you to withdraw your funds in certain ways.

This year will set a record for expatriations by U.S. taxpayers, with at least a 33% increase from the previous high in 2011.
Drug legalization will pave way for debtor prisons
The Treasury Department published the names of 560 people who either were U.S. citizens renouncing their citizenship or long-term residents who turned in their green cards during the third quarter.

That brings the total so far this year to 2,369, according to Andrew Mitchel, a tax lawyer in Centerbrook, Conn., who tracks the data. For all of 2011, the number of published expatriates was 1,781, he said.

Treasury doesn't report when people renounced, and there could be a gap between that action and a name's appearance on the list. The department also doesn't distinguish between those giving up passports and those turning in green cards.
Obama will fleece Americans as Hitler did those fleeing Germany
Taxpayers who expatriate aren't required to give a reason, but experts said the overall increase was likely because of tougher enforcement of U.S. tax laws.

"Nothing has changed in immigration law that would make people want to renounce," said Freddi Weintraub, an immigration specialist and partner at Fragomen Worldwide, a New York-based law firm. 
"Current or anticipated changes in tax law and enforcement are driving this increase."

People who renounced last year might have avoided higher taxes on income and estates—including those on long-term capital gains—that took effect in 2013. Those who renounce citizenship or turn in green cards can be subject to an exit tax.
Obama criminals have already completely looted Social Security
The Internal Revenue Service declined to comment.

"The fact that renunciations have increased sharply is not surprising, given increased U.S. scrutiny in this area," said Fran Obeid, a partner at Obeid & Lowenstein LLP in New York, who specializes in offshore-account issues. "Renunciation can be expensive, but it may be easier than staying in compliance with U.S. tax laws that can be onerous for citizens of other countries."
Wall Street criminals already moving to halt flight of money overseas
Taxpayers who renounce aren't required to hold citizenship elsewhere, but as a practical matter they usually do.

Experts said the Foreign Account Tax Compliance Act also may have contributed to rising renunciations. Set to take effect next year, it requires foreign financial institutions to report account information about U.S. taxpayers to the IRS. Affected taxpayers include both U.S. citizens and green-card holders living in the U.S. and abroad.

All income earned by U.S. citizens and permanent residents, even those who live abroad, can be subject to U.S. tax. The U.S. also confers citizenship on people born on American soil. Penalties for failing to report assets can be severe, including up to 50% of an account balance a year.
Americans will have only themselves to blame
Although many of the U.S. laws on offshore accounts have been in effect for decades, experts say there was little enforcement of them until 2009, when Swiss banking giant UBS AG admitted that it had helped U.S. taxpayers hide assets abroad. The bank paid $780 million to avoid criminal charges and turned over the names of more than 4,000 account holders, piercing the veil of Swiss bank secrecy.

Since then, more than 38,000 U.S. taxpayers have confessed to having undisclosed offshore accounts and paid more than $5.5 billion in back taxes, interest and penalties. Lawyers estimate $5 billion more hasn't yet been paid.


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ANDREW KREIG: EXPERTS REJECT FIRE AS CAUSE FOR 9/11 WTC COLLAPSES

The real truth on 9/11 slowly continues to bleed out

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Technical experts are mounting major challenges to official U.S. government accounts of how three World Trade Center skyscrapers collapsed in near-freefall after the 9/11 attacks 15 years ago.

Many researchers are focusing especially on the little-known collapse of

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The Geopolitics Of The United States, Part 1: The Inevitable Empire

The Empire and the inevitable fall of the Obama criminal regime

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STRATFOR Editor’s Note: This installment on the United States, presented in two parts, is the 16th in a series of STRATFOR monographs on the geopolitics of countries influential in world affairs.

Like nearly all of the peoples of North and South America, most Americans are not originally from the territory that became the United States.

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Geopolitics Of The United States Part 2: American Identity And The Threats of Tomorrow

A look back at 2011 predictions for the future in order to put events of today into perspective

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We have already discussed in the first part of this analysis how the American geography dooms whoever controls the territory to being a global power, but there are a number of other outcomes that shape what that power will be like. The first and most critical is the impact of that geography on the American mindset.

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By Robert S. Finnegan

This e-mail outlines and confirms the acts of espionage against Indonesia and Indonesians by Akiko Makino and the others involved both in Kobe University and in AI Lab at University of Airlangga, Surabaya; Bahasa Indonesia original follows English translation...

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UPDATED 01/07/2015 : New Analysis Challenges Tamiflu Efficacy; Hong Kong Corona Virus Outbreak

UPDATED 01/07/2015 : FOX NEWS CORPORATE PHARMA SHILL MEGAN KELLY AND FOX NEWS QUACK DOCTOR NOW PUSHING TAMIFLU FOR PREGNANT WOMEN AND CHILDREN;

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THE 5TH ESTATE UNEQUIVOCALLY WARNS THE PUBLIC NOT TO TAKE OR GIVE THIS PROVEN DANGEROUS, INEFFECTIVE DRUG TO ANYONE

Obama criminals now resulting to biowarfare in quest to destroy Chinese and ASEAN economy; "novel virus substrain" points directly to a Kawaoka / Fouchier / Ernala-Ginting Kobe lab virus weaponized and genetically altered to specifically target and infect the Asian population: Ribavirin...

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The 5th Estate has just purchased a library on H5N1 "Novel" virus pandemics, there are dozens of PDF and Exel documents we feel will assist you in saving lives following intentional releases of the H5N1 and now MERS viruses; we will begin by printing those that appear to be extremely relevant here: H5N1 Kobe-Kawaoka-Ernala series continues soon with more "Smoking Gun" e-mails from Teridah Ernala to The 5th Estate . . .

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By Robert S. Finnegan

On October 12, 2002 the Indonesian island of Bali experienced a terrorist attack that rocked the world. It was unquestionably well-coordinated and executed, the largest in the country's history.

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