[BAUS]

http://www.theglobeandmail.com/news/...rticle2229969/


I wonder if any of them are online gamblers...

BAUS

[BAUS]

The U.S. citizenship ceremony is an iconic rite of passage for immigrants.
Would-be Americans gather to pledge allegiance to the Stars and Stripes. There are cheers and often tears, patriotic speeches, sometimes music, and plenty of flag waving.
Now, a small but growing band of Americans in Canada is doing it in reverse – gathering en masse to begin the process of becoming un-American.
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</aside> It was a sombre affaire at the U.S. consulate in Toronto last month as 22 Americans waited in the rain before being ushered in to what is believed to be the first citizenship renunciation meeting ever held in Canada.
Unlike most countries, the United States requires its citizens to file annual tax returns with its Internal Revenue Service regardless of where they live and work. Many of the roughly one million Canadian-American citizens long ago stopped filing, assuming they owed no tax. Many are worried now they’ll be hit with punishing penalties as a result of recent U.S. efforts to prevent its citizens from hiding assets in offshore tax havens.
New rules require all Americans to report their foreign bank and brokerage accounts every year. And by 2014, Canadian financial institutions will have to identify accounts held by U.S. citizens to the IRS.
The crackdown has provoked outrage among Canadian-American citizens in Canada.
Mark Wittgen, 51, who grew up in Indiana and came to Canada in the early 1980s, said renouncing his U.S. citizenship in response has been an emotional journey.
“I’ve been through a divorce and this is quite similar to a divorce,” explained Mr. Wittgen, who lives in Whitby, Ont., and attended the meeting at the consulate. “It’s a long, drawn-out process and there’s a lot of emotion that comes with doing what I’ve done. It’s not a fun thing to do, but it’s been forced upon me.”
The last straw, he said, was the requirement to disclose his foreign bank, brokerage and pension accounts to the IRS, which he says violates the principle of the privacy of personal assets.
“This is heavy-handed,” said Mr. Wittgen, who became Canadian in 2003 and has a Canadian wife and family.
Since the meeting, Mr. Wittgen has gone through a one-on-one interview at the consulate, where he signed an oath of renunciation, paid a $450 (U.S.) fee and handed over his U.S. passport. He’s also filed five years of U.S. back taxes. Now, he’s waiting for a confirmation certificate – the final step.
At the meeting, consular officials handed out forms, a copy of the oath of renunciation, and repeatedly stressed the serious consequences of what people are contemplating.
But officials insisted they wouldn’t discuss the “800-pound gorilla in the room” – the tax issue – according to a U.S. expat who attended the meeting.
Another American who attended the meeting said there’s “a lot of frustration with the entire experience so many of us have lived these past few months.”
Renunciation is no easy out. People who do it must pay the $450 fee and sign a renunciation oath before a U.S. embassy or consular official. Once that's done, it's Uncle Sam's turn. The IRS requires that the person submit special documents and then file any back taxes. That typically means at least five years of back taxes and thousands of dollars in penalties for not filing in the past.
Wealthy individuals, defined as those with annual income of about $150,000 or net worth of at least $2-million, also have to pay an exit tax.
A U.S. embassy official played down the significance of the renunciation meeting. He said consular officials were responding to calls and requests for information prompted by a flurry of media coverage about the tax crackdown.
“We simply decided it was more efficient to have everybody come as a group and talk to everyone at once, rather than doing it individually,” the official said. “It was simply a time-management decision.”
No further meetings are planned, but more could take place, depending on demand across the country, the official said.
“It’s a formal process and it has to be followed very specifically, and we want people to think about it,” the official added.
Several million Americans live outside the United States. Relatively few give up their citizenship, but the numbers are growing. Last year, 1,534 Americans renounced their U.S. citizenship – more than twice as many as in 2009 and a sevenfold increase from 2008. In Canada, which is home to more U.S. expats than anywhere else in the world, there are typically fewer than 100 renunciations a year.






BAUS

[ACoochy]

Forsberg in 3, 2, 1.....

[samgurt]

So what I got outta that is...now america is basically fining the fukk outta anyone who wants to give up their citizenship because they don't like the country. Unreal.

And how can they make other countries give your personal banking info to them?

[ACoochy]

So what I got outta that is...now america is basically fining the fukk outta anyone who wants to give up their citizenship because they don't like the country. Unreal.

That texan redneck GW said it best: "Youre either with us or against us"...Gotta love polarization and the h8 it disseminates...

[antifoil]

that number has no meaning if you don't know what the number is in other years.

[samgurt]

that number has no meaning if you don't know what the number is in other years.

Says it doubled from 09

[CarpeDime]

who cares

if they want to go from being the ones who dominate to being the ones who get fukked up and have to hope we dont turn our awesome ass kicking on them, let them

i bet you theyll change there tune when they see our tanks blasting down there streets and our boys fukin machine gunning there new neighbors into ablivyan!!

[TR88]

who cares

if they want to go from being the ones who dominate to being the ones who get fukked up and have to hope we dont turn our awesome ass kicking on them, let them

i bet you theyll change there tune when they see our tanks blasting down there streets and our boys fukin machine gunning there new neighbors into ablivyan!!

[thechaoz]

It's the end of an empire..not because of the ppl, our work ethic or smarts. It's because of greed and the real white house residing in WallStreet....

[SportsMushroom]

yes taxes on US citizens are quite heavy compared to other nations


taxes rates are high, you have both federal and state taxes while in other countries its just one type of tax

and also property taxes add to the problem, in the countries I've lived in property tax is essentially nothing, in the US you have to have an extra job just to pay for the property tax, its more expensive than raising a child ffs

[rthoughton]

that is absolutely not what I got out of that...

[antifoil]

Says it doubled from 09

how about the previous 10 years.

how do you know '09 wasn't just a down year?

[shari91]

I'm pretty much screwed I think.

[chilidog]

I'm a US citizen, but I never registered my son's birth with the embassy in Costa Rica, because I disagree with worldwide taxation of income for US citizens. Is it fair to my son that he should have to pay taxes to a country that he's never even lived in, or gets no benefits from? If he chooses to want US citizenship, then I'll get it for him when he wants it. Until then, he'll make due with his natural-born citizenship.

[neverstoppers23]

I will never renounce my american citizenship that is just crazy. We have more freedoms then most people realize. Even in Europe, they don't have as many free speech, and free and open press as we do. It is very easy for the press to be put in jail in Italy if they say anything bad about the government. As you could see in the Amanda Knox case.

No country is perfect, but i wouldn't rather be any other citizen then America.

[Emily_Haines]

what a joke you have to pay $450 to leave

yeah we sure have a lot of freedom

[samgurt]

what a joke you have to pay $450 to leave yeah we sure have a lot of freedom

plus back taxes for the past 5 years...and any extra fines that would cost thousands of dollars