Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 08-22-2013, 10:57 AM
 
42,732 posts, read 29,861,612 times
Reputation: 14345

Advertisements

Quote:
Originally Posted by InformedConsent View Post
Yes. I'm asking you to answer the question... From whom are the funds confiscated, and why?

Afraid to answer, are you, because you know it'll sink your house-of-cards bogus position on this?
Oh, sure, I'll answer. They impose costs and penalties on banks conducting business on American soil.

Why don't you answer my question, what do they do when the bank they want to collect costs and penalties from is the Ledbetter bank in Thamesbury which doesn't conduct any business on American soil.

Afraid to answer, are you, because you know it'll sink your house-of-cards bogus position on this?
Reply With Quote Quick reply to this message

 
Old 08-22-2013, 10:59 AM
 
Location: the very edge of the continent
88,971 posts, read 44,780,079 times
Reputation: 13681
Quote:
Originally Posted by HappyTexan View Post
The IRS can't get you or your money until you land back in the US or open a US bank account.

They cannot take it from the bank if the bank does international transactions.
They can only get the banks to report to them.
False.

"To enforce compliance, a 30% withholding tax will be imposed on certain payments made to FFIs and NFFEs that fail to make the required disclosures"
http://www.citigroup.com/transaction...ining_Deck.pdf
Reply With Quote Quick reply to this message
 
Old 08-22-2013, 11:01 AM
 
Location: Great State of Texas
86,052 posts, read 84,442,711 times
Reputation: 27720
Quote:
Originally Posted by InformedConsent View Post
False.

"To enforce compliance, a 30% withholding tax will be imposed on certain payments made to FFIs and NFFEs that fail to make the required disclosures"
http://www.citigroup.com/transaction...ining_Deck.pdf
That's a penalty on the bank, not your money.
They can't get your money until you are on US soil or your money is in a US bank account.
And the penalty to foreign banks is the reason they are now turning away expats who want to open accounts.
The foreign banks don't want to do the paperwork and if they don't they have to pay a fine to the US IRS and if they don't pay a fine then they can be prohibited from participating in SWIFT transactions.

You didn't prove anything with that because your money is still in your account and hasn't been touched.
Reply With Quote Quick reply to this message
 
Old 08-22-2013, 11:10 AM
 
Location: the very edge of the continent
88,971 posts, read 44,780,079 times
Reputation: 13681
Quote:
Originally Posted by DC at the Ridge View Post
I know. I'm confused too. You seem to be the only one not confused. Why won't you alleviate our confusion by posting a link to your source of what "permanent domicile"
Attus Black already defined the U.S. v. Wong Kim Ark-era legal definition of "permanent domicile," here:
Quote:
Originally Posted by Attus Black View Post
Permit me.....from the WKA in Grays opinion
Quote:
Chinese persons, born out of the United States, remaining subjects of the Emperor of China, and not having become citizens of the United States, are entitled to the protection of, and owe allegiance to, the United States so long as they are permitted by the United States to reside here
Because they are permitted by the US to reside here they have established a permanent domicile and residence.
Permanent domicile can currently be proven by possessing one of these, available since the late 1940's, early 1950's:
USCIS - Green Card
Reply With Quote Quick reply to this message
 
Old 08-22-2013, 11:14 AM
 
42,732 posts, read 29,861,612 times
Reputation: 14345
Quote:
Originally Posted by InformedConsent View Post
Attus Black already defined the U.S. v. Wong Kim Ark-era legal definition of "permanent domicile," here:
Permanent domicile can currently be proven by possessing one of these, available since the late 1940's, early 1950's:
USCIS - Green Card
I'm still confused. Isn't someone who has a visa "permitted to stay here"? Anyone who is legally on US soil, tourist, student, is "permitted to stay here", aren't they?
Reply With Quote Quick reply to this message
 
Old 08-22-2013, 11:22 AM
 
Location: the very edge of the continent
88,971 posts, read 44,780,079 times
Reputation: 13681
Quote:
Originally Posted by DC at the Ridge View Post
Oh, sure, I'll answer. They impose costs and penalties on banks conducting business on American soil.
Why? Because the U.S. has WORLDWIDE jurisdiction over the federal taxable events of U.S. citizens wherever in the world they reside.

So says the IRS:
"the IRS Office of Assistant Commissioner (International) has primary jurisdiction for overseas taxpayers."
http://www.treasury.gov/press-center...nts/tax598.pdf
Reply With Quote Quick reply to this message
 
Old 08-22-2013, 11:24 AM
 
Location: the very edge of the continent
88,971 posts, read 44,780,079 times
Reputation: 13681
Quote:
Originally Posted by HappyTexan View Post
That's a penalty on the bank, not your money.
How is that penalty even possible if whatever failure to comply with FATCA didn't occur on U.S. soil?

Because the U.S. has WORLDWIDE jurisdiction over the federal taxable events of U.S. citizens wherever in the world they reside.

So says the IRS:
"the IRS Office of Assistant Commissioner (International) has primary jurisdiction for overseas taxpayers."
http://www.treasury.gov/press-center...nts/tax598.pdf
Reply With Quote Quick reply to this message
 
Old 08-22-2013, 11:28 AM
 
Location: the very edge of the continent
88,971 posts, read 44,780,079 times
Reputation: 13681
Quote:
Originally Posted by DC at the Ridge View Post
I'm still confused. Isn't someone who has a visa "permitted to stay here"? Anyone who is legally on US soil, tourist, student, is "permitted to stay here", aren't they?
TEMPORARILY, with a noted expiration date, yes.

To wit, Obama's father's signed and submitted 1961 "APPLICATION TO EXTEND TEMPORARY STAY" listing his current permission to be in the U.S. set to expire on August 9, 1961:



"Temporary" does not equal "permanent."
Reply With Quote Quick reply to this message
 
Old 08-22-2013, 11:31 AM
 
42,732 posts, read 29,861,612 times
Reputation: 14345
Quote:
Originally Posted by InformedConsent View Post
Why? Because the U.S. has WORLDWIDE jurisdiction over the federal taxable events of U.S. citizens wherever in the world they reside.

So says the IRS:
"the IRS Office of Assistant Commissioner (International) has primary jurisdiction for overseas taxpayers."
http://www.treasury.gov/press-center...nts/tax598.pdf
Jurisdiction isn't just about passing laws. It's about enforcing those laws. When the IRS is knocking on the door of an American citizen in Bolivia who hasn't paid their taxes, and when they arrest that person on Bolivian soil, and put that person on trial in Bolivia, and throw them into a Bolivian jail, then you can show jurisdiction. So far, you can't.
Reply With Quote Quick reply to this message
 
Old 08-22-2013, 11:34 AM
 
Location: the very edge of the continent
88,971 posts, read 44,780,079 times
Reputation: 13681
Quote:
Originally Posted by DC at the Ridge View Post
Jurisdiction isn't just about passing laws. It's about enforcing those laws.
Exactly.

"To enforce compliance, a 30% withholding tax will be imposed on certain payments made to FFIs and NFFEs that fail to make the required disclosures"
http://www.citigroup.com/transaction...ining_Deck.pdf

Why is that withholding even possible when whatever failure to comply with FATCA didn't occur on U.S. soil?

Because the U.S. has WORLDWIDE jurisdiction over the federal taxable events of U.S. citizens wherever in the world they reside.

So says the IRS:
"the IRS Office of Assistant Commissioner (International) has primary jurisdiction for overseas taxpayers."
http://www.treasury.gov/press-center...nts/tax598.pdf
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads

All times are GMT -6. The time now is 04:17 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top