“Give me six hours to chop down a tree and I will spend the first four sharpening the axe.”
― Abraham Lincoln
While it may seem like there’s very little activity here, we have been busy behind the scenes. The Steering Committee (myself, Carl Greenstreet, and Caroline Day), have been working on articulating our strategy. We have a very rough draft of our initial strategy roadmap that we are now releasing for comment. There are still many holes to fill – the table of contents shows an outline of where we’re heading.
Previous blog entries have discussed our overall vision. Carl’s Plan to Succeed post foreshadowed much of the structure of the current document. In Priorities I outlined several main goals which have been incorporated here. And in One Step at a Time I talked a bit about the long time horizon that may be necessary in our struggle. The governance section of the document comes mainly from my Steering Committee post. The Strategy Roadmap pulls all of this information into a single document.
This is a first draft. Your comments and suggestions are needed to assist with refining the current document and extending it. Getting the strategy right is an important first step. As the old proverb goes: “What’s the use of running if you’re not on the right road?” You can make comments here, on the Facebook group, or by completing the feedback form on the About page.
Comments will help us develop a coordinated action plan for 2017. We look forward to your feedback, and will be calling for assistance from everyone as our plans for 2017 take shape.
I’d like acknowledge Carl’s efforts in putting together the initial outline that became this first draft. Fleshing out his outline has been a group effort. If you are interested in joining the Steering Committee to help with further refinement of this document, please fill in the form here.
Download the document here: FTT Strategy Roadmap
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”?