|5 Dec 2017||The Long Arm of the United States Set to Reach into Australia's Pocket Again|
|11 Feb 2018||FATCA: Expensive yet Ineffective|
Media Coverage of Let’s Fix the Australia/US Tax Treaty!
- 7 March 2018: US-Australia tax treaty needs to be fixed – letter to the editor, published on p35 of the Australian Financial Review. (clipping)
- 6 March 2018: GOP tax law snubs US expats and ‘accidental Americans’ in The Conversation (written by Karen Alpert)
- 4 March 2018: Tax fears: US-Aussie dual citizens provide IRS with details of $184 billion, Sydney Morning Herald
- 11 November 2016: Time for a change
- 10 September 2016: US citizens renouncing because of tax laws affecting Australian superannuation, Sydney Morning Herald
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Please post links to any relevant articles in the comments below. You can find relevant news articles from Australia and around the world on our wiki.
14 thoughts on “Media and News”
Good comments on Forbes article http://www.forbes.com/sites/robertwood/2016/11/11/more-americans-are-renouncing-citizenship-but-not-over-the-election/#1db91c342788
CITIZEN BASED TAX/ Now’s the Time – Here’s What They Promised – Let’s Hold Them to It http://citizenshiptaxation.ca/nows-the-time-heres-what-they-promised-lets-hold-them-to-it/
13 IRS Tax Rules Trump Tax Plan Won’t Change
4. Beware foreign accounts. Foreign bank accounts may generate income, but you won’t receive a Form 1099. Still, reporting them is key. If balances exceed $10,000 in the aggregate any time during the year, you also must file an FBAR. With FATCA, IRS scrutiny is high, and how you transition from failures to report in the past to present compliance can be delicate. Beware, so far, the IRS has collected $10 billion from offshore compliance.
Neils Marquardt, CEO of AmCham Australia and former US Consul General at Sydney, was interviewed on Sky News on 20 November. While most of the segment was about the effects of the new administration on business relations between Australia and the US, he did mention that the US tax on non-resident citizens should be repealed.
For reference – I put a couple of twitter conversations up on Storify to preserve them:
Can the US tax my super?
FATCA and Citizenship based tax
Keith Redmond, speaking about the injustice of taxing non-resident citizens:
Today I called Alan Colmes on Fox Radio just prior to noon in Qld.
I told him our situation regarding CBT and how our children would also bear CBT.
I also informed him re FBAR reporting.
He was NOT aware of our situation and sounded sympathetic.
If we get on the US airwaves maybe we can get this out.
I used the android app for fox radio
and Hangouts Dialer to call US telephone numbers
Go for i
Another great podcast appearance by Keith Redmond. This one on Accidental Americans
Seeing Federal rep early next week 1 page dot points welcome. Maybe put here and or related facebook page for all to use on your visit
Call a talkback radio station to talk about RBT
You will only have a minute or two on air at most, so prepare your message beforehand – two or three key points is fine – and focus on these issues. Remember you have a limited amount of time, so stay on topic and ensure you make your point.
Be factual. Avoid exaggeration and don’t make things up – always have your facts straight.
If you hear people on air talking about issues around RBT, use this as an opportunity to call or text.
Use a landline if possible rather than a mobile phone and turn off your radio when you call.
Speak slowly and clearly. Remember to breathe!
If you are not comfortable talking on air, consider sending a text message instead.
Some radio stations you may like to contact are:
Melbourne Talkback: 1300 222 774
SMS: 0437 774 774
Melbourne Talkback: 03 96 900 693
Outside Melbourne: 13 13 32
New South Wales
Sydney Talkback: 1300 222 702
SMS: 0467 922 702
Sydney Talkback: 131 873 (In NSW)
Brisbane Talkback: 1300 222 612
SMS: 0467 922 612
Brisbane 4BC 1116
Brisbane Talkback: 13 13 32 (in QLD)
4BC website: http://www.4bc.com.au/
Adelaide Talkback: 1300 222 891
SMS: 0467 922 891
Website: http://www.abc.net.au/adelaide/ Adelaide 5AA 1395
Adelaide Talkback: 8223 0000 (in SA)
Western Australia Tasmania
Perth Talkback: 1300 222 720
SMS: 0437 922 720
Website: http://www.abc.net.au/perth/ ABC 936
Hobart Talkback: 1300 222 936
SMS: 0438 922 936
Northern Territory Australian Capital Territory
Darwin Talkback: 1300 057 222
SMS: 0487 991 057
Canberra Talkback: 1300 681 666
SMS: 0467 922 666
ABC Radio National Talkback: 1300 22 55 76 (local call cost nationally)
SMS: 0418 226 576
Twitter: @RadioNational, @RNBreakfast, @RNDrive
Website: http://www.abc.net.au/radionational/ You can find the contact details for your local regional ABC radio stations here: http://www.abc.net.au/local/
Key facts about RBT ??
The Facts on U.S. FATCA Seminars – Syd, Mel & Bris
Wednesday 7 December 2016
The Facts on U.S. FATCA Seminars
How will individuals and entities in Australia be impacted by the Foreign Account Tax Compliance Act (FATCA)?
This event will bring together experts from PwC’s Corporate Tax and Global Mobility teams. The interactive presentation will give you the latest updates and practical insights into what the latest developments in global tax information reporting mean for you.
Melbourne Event – 23 Feb
Brisbane Event – 21 Feb Sydney Event – 24 Feb
8.00 am – 10.00 am
Citadines on Bourke
MORE INFO / BOOK NOW
7.30 am – 9.30 am
Capri by Fraser
MORE INFO / BOOK NOW
7.30 am – 9.30 am
Primus Hotel Sydney
MORE INFO / BOOK NOW
Thanks for your time this week.
It was great meeting with you to discuss the US-Australia Tax Treaty and the need to remove double taxation on US citizens. As you said the purpose of the treaty is to eliminate double taxation—so it’s an issue that definitely warrants attention.
I’ve shared your concerns with the Treasurer and asked him for a formal written response. I will forward to you the Treasurer’s response as soon as I’ve received it.
I will also be speaking personally to Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer to ask about any possible change to taxation arrangements re: tax on superannuation for US citizens.
Of course I’ll also continue to update you on any developments I hear on the US-Australia Tax Treaty.
Thanks again for your passion and commitment on this important issue and for working so hard to help your fellow US citizens.
t. 07 3893 3488
P.S. – Don’t forget to visit my website http://www.rossvasta.com.au or like my Facebook page https://www.facebook.com/rossvastamp to keep up-to-date with Federal matters and community events in Bonner.
My article in The Conversation: https://theconversation.com/gop-tax-law-snubs-us-expats-and-accidental-americans-91710