President Trump’s administration is sending out an Official Tax Reform Survey to ask voters about tax reform.
Please fill out the survey and make sure to mention in one of the ‘other’ boxes that he should repeal FATCA and move towards TTFI (territorial taxation for individuals–previously called ‘RBT’ – residence based taxation).
Drew Liquerman, Chairman of Republicans Overseas UK, St Andrews Chapter, organized some American students studying at the University of St Andrews to hold up signs asking why Jon Ossoff did not vote when he was studying in the UK.
OPEN LETTER TO JON OSSOFF
Mr. Ossoff, the citizens of Georgia’s 6th district ought to know about your disqualifying record of voting and congressional carpet bagging. We can talk about the fact you live outside of GA06 and as a result cannot vote for yourself but what I would like to know is why you failed to exercise your most basic right and duty of a US citizen in the 2012 election.
It has recently been revealed that you did not vote in the 2012 election because you were studying abroad in London. Well Mr. Ossoff, inconvenience is no reason to not vote. I am currently studying at the University of St Andrews and made sure I casted a vote to make myself heard in the 2016 election as did most members of the Republicans Overseas St Andrews chapter. You were eligible to partake in the 2012 election but you choose not to because you did not care enough
If you can’t take the time to cast your vote how can the constituents of Georgia’s 6th district – a district you do not even live in, trust you to vote in their interest and represent them in Washington DC?
The residents of Georgia’s 6th district deserve someone to represent them who is willing to partake in democracy as well represent and actually live in the district they wish to represent.
I know you cannot vote for yourself in your upcoming election, but should you find yourself living abroad again – here is how you can vote.
Chairman, Republicans Overseas UK, St Andrews Chapter
On April 26, 2017, the House will hear testimony as to the damage done to overseas Americans by FATCA.
For background information on FATCA, click here.
Donna Lane Nelson
Video: Donna Lane Nelson Testimony
Written: Donna Lane Nelson Testimony
Stephen John Kish
James Bopp, Jr.
In a Facebook post published on April 20, 2017, Democrats Abroad attacked Republicans Overseas’ FATCA hearings scheduled for April 26th.
However, comments on their post clearly demonstrate how far DA’s pro-FATCA position deviates from the anti-FATCA position of their constituents.
TERRE HAUTE, IN – Congressman Mark Meadows (R-NC) will chair a hearing of the Subcommittee on Government Operations of the House Committee of Oversight and Government Reform on “Reviewing the Unintended Consequences of the Foreign Account Tax Compliance Act (FATCA)” on Wednesday, April 26, 2017 at 2:00 pm in the Rayburn House Office Building (Room 2154).
FATCA has been the primary factor in the dramatic increase in citizenship renunciation by Americans overseas for the past five years. Last year, 5,411 individuals gave up their US citizenship (compared with 231 in 2008); many chose the irrevocable option simply to be able to have basic bank accounts in the communities where they live overseas.
“Dear Speaker Ryan, Majority Leader McConnell, Rep. Brady, and Sen. Hatch:
As free-market and taxpayer protection organizations representing millions of Americans, we urge that repeal of the Foreign Account Tax Compliance Act (FATCA)—a plank in the 2016 Republican Party Platform—be included in any tax reform package sent to the White House.
Enacted in 2010 by a Democrat-controlled Congress and signed into law by President Obama, FATCA purports to catch rich tax cheats hiding their wealth overseas but instead has ensnared innocent Americans in an appallingly draconian scheme that true wealthy tax evaders can still easily avoid. It treats any American asset held abroad as tantamount to criminality, demanding reams of private financial data without the need for a warrant or a showing of probable cause.
Since FATCA’s introduction, Americans living overseas have lost access to their banking and investment accounts as foreign financial institutions drop clients rightly perceived as toxic. This has not only impacted the welfare of the estimated nine million Americans who live and work abroad but hampers small businesses owned and operated by Americans attempting to compete internationally.”
Read the complete letter here: 2017-FATCA_repeal_coalition_ltr
Click below to read the letter urging the Trump administration to support the repeal of FATCA and listing steps that can be taken immediately.
WASHINGTON, D.C. – Today, U.S. Senator Rand Paul (R-KY) introduced legislation to repeal the Foreign Account Tax Compliance Act (FATCA), with U.S. Representative Mark Meadows (R-NC) introducing a companion bill in the U.S. House. Sen. Roger Wicker (R-MS) joined Dr. Paul as an original cosponsor.
Enacted by Congress in 2010, FATCA mandates that foreign financial institutions regularly report private financial information on American citizens under threat of a 30% withholding tax on U.S.-source income. The law has impeded international financial transactions and investment by leading many foreign banks to simply deny services to Americans rather than navigate the burdens and costs of compliance.
“FATCA disregards the Fourth Amendment and privacy rights by requiring the bulk collection of innocent Americans’ financial records,” said Sen. Paul. “It discourages foreign investment and prevents Americans from accessing the financial system overseas. It is time to repeal this job- and privacy-killing law.”
“For all of FATCA’s aims to improve tax compliance, this law is not worth the burdens it imposes,” said Sen. Wicker. “We have seen the negative implications on foreign investment and regulatory compliance costs. We should address these repercussions and repeal FATCA.”
“Any time we deal with tax laws and the disclosure of information that’s required, it is critical to remember that the Fourth Amendment right to privacy is non-negotiable,” said Rep. Meadows. “Over time, it’s become clear that FATCA goes well beyond what is permissible under Fourth Amendment protections and places a serious burden on taxpayers. I’m proud to join my friend Senator Paul to support a repeal of FATCA and to demonstrate a serious commitment to upholding our Constitution as the law of the land.”
You can read Senator Paul’s legislation HERE.
This week, Senator Paul and Representative Meadows sent a letter to U.S. Treasury Secretary Steven Mnuchin and Office of Management and Budget Director Mick Mulvaney urging the administration to publicly support repealing FATCA and to take steps within its power to limit the law’s damaging effects.
You can read that letter HERE.