It’s not ‘… a matter for them to pursue with the US’!

Back in 2014, we met with our federal MP who sent a letter on our behalf to the Assistant Treasurer asking about taxation of our superannuation accounts by the US. This is an extract of the response we received from then Acting Assistant Treasurer, Matthias Cormann:

Letter dated July 2014 from Acting Assistant Treasurer
Letter dated July 2014 from Acting Assistant Treasurer

I have a problem with this response.

Continue reading “It’s not ‘… a matter for them to pursue with the US’!”

We are Australian!

Too often, when members of our government refer to the problems caused by FATCA or US CBT, they speak of “Americans residing in Australia”. This fails to recognise that many of us are Australian citizens, with all the rights that citizenship confers. This also fails to recognise that all Australians have a stake in this issue as FATCA and CBT drain money from the Australian economy, both in the form of US tax paid and as excess compliance costs forced on Australian financial institutions  (and paid for by all account holders through higher fees).

As I’ve said elsewhere, there are two fronts to the battle against US extra-territorial taxation: 1) the US and 2) the countries that allow the US to steal from their tax base.

If we are to pursue this struggle on the Australian front, we do it as Australians (which is not to diminish any connection we may still have to our American heritage).

So, how do we frame our letters and communication with our MPs and others to avoid having them frame the issue as one of “Americans in Australia”?

Continue reading “We are Australian!”