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07/20/2011

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diane

I agree with your thoughts here and I really love your blog! I've bookmarked it so that I can come back & read more in the future.

merchant account

This article is so much informational about processing Rates analytic for offshore credit card merchant accounts and what to use it for. Actually I am thinking to open a merchant account in UK so that I can make easy transactions and payments there.

Anon

Are you willfully not reading what I wrote?

I didn't say you'd made up the $10k reporting requirement. I said you invented a connection between these renunciations and the crime of failure to report it. You imply that everyone who renounces is a tax cheat. Plainly that's not the case, even though you'd like it to be so in order to bolster your flimsy arguments.

Note that under the "amnesty" the US will generously fine an accidental American -- that is, someone who is for some reason unaware that they are a US citizen -- a mere 5% of their assets. OVDI FAQ 52. Proud? Your country should hang its head in shame.

Finally, ask yourself whether an exponential rise year on year of US citizens wishing to break their ties with the US sends a good or a bad message to the rest of the world?

Tommy

Not making stuff up at all. The facts are there, if you care to check it out yourself. The law says if you have more than $10K in a foreign bank account, you are supposed to report this to the IRS. I didn't make up that law. The least you could've done is identified yourself. Oh,Yes, I am very proud of my country.

Anon

"In fact, some of these punkasses have gone as far as to renunciate their U.S. citizenship in order to avoid filing the required Report of Foreign Bank and Financial Accounts (FBAR) report and avoid prosecution. Now that's what I called dedication to crime."

You're making stuff up. How exactly do you conclude that these folk renounced (that's the word, by the way, not "renunciate") US citizenship to avoid prosecution for tax evasion?

Your country is the only developed nation on the face of the planet to tax its citizens even when they live abroad. You must be so proud.

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