Soca Warriors Online Discussion Forum
General => General Discussion => Topic started by: Flex on August 13, 2013, 01:52:55 AM
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$25M TAX FRAUD
By Jada Loutoo
Tuesday, August 13 2013
click on pic to zoom inAn American owner of Island Club Casino has been charged by United States authorities with failing to pay taxes on nearly US$4 million (TT$25 million) in earnings from the casino based at Grand Bazaar, Valsayn, in Trinidad.
David Migliore, a national of the United States, appeared in federal court in New Jersey yesterday, charged with failing to pay the US Government taxes on more than US$3.9 million in income for 2009, 2010 and 2011.
He made an initial court appearance before US Magistrate Judge Mark Falk in a US District Court in Newark, wearing shackles over a gray suit and white open-collar shirt yesterday afternoon and did not enter a plea, according to an Associated Press report. Migliore was released on US$1 million bond secured by two properties and ordered to submit to electronic monitoring. He has another court appearance scheduled for next week.
Migliore’s attorney Robert Weir said Migliore owned Island Club Casino for about ten years until recently but spent most of his time in New Jersey and hasn’t been to Trinidad in years.
Weir also disclosed Migliore was scheduled to be served with an arrest warrant today for a drug possession charge in Wall Township.
US attorney Paul J Fishman said Migliore is accused of tax evasion and failing to file federal personal tax returns on income derived from his ownership of the casino in Trinidad, resulting in a US$1 million tax loss to the United States.
Newsday attempted to get information from Island Club Casino yesterday and was told by a man with a Mediterranean accent he did not want to speak of Migliore’s court appearance.
“Do not call me,” the person said.
A source confirmed to Newsday that Migliore owned Island Club Casino which was said to be 15 years old and one of the busiest casinos in Trinidad. The source also said the Grand-Bazaar based casino was “very large and well organised.” Sherry Persad, president of the Trinidad and Tobago Casinos and Members Club Association, said Island Club Casino was a member of the association and while she was aware of Migliore’s connection with the casino, she never met the 50-year-old Monmouth County businessman.
Persad admitted she was concerned about the reports that Migliore was charged with failing to pay taxes in the US, but noted that she was not aware of the charges against him.
“Of course we are concerned. We, our members, try to do the right thing always and conduct our business transparently,” she told Newsday.
The Association’s members, she noted, were all registered with the Financial Intelligence Unit (FIU) and ensured that they met with the unit’s regulations and requirements.
Earlier this month, Migliore was charged with three counts of tax evasion and three counts of willfully failing to file personal tax returns.
He was said to have surrendered to special agents of the Internal Revenue Service (IRS)-Criminal Investigation.
According to the indictment, which was unsealed yesterday, from 2009 to 2011, Migliore earned significant income from Island Club Casino, resulting in taxes due totalling more than US$1 million. He’s accused of taking a series of steps to hide his income and assets from the IRS.
According to the indictment, Migliore allegedly:
• Used unreported bank accounts in Trinidad to deposit personal income.
• Used US bank accounts in the names of his limited liability corporations and business entities to get personal income from Island Club casino in Trinidad.
• Used limited liability corporations and business entities to pay for personal expenses in New Jersey and elsewhere.
• Placed personal property in the names of limited liability corporations and business entities.
• Directed income from Island Club Casino in Trinidad to be transferred directly to vendors in the United States to pay for his personal expenses.
• Directed employees of Island Club Casino to send his income from the casino to individuals in New Jersey via Western Union for his benefit.
• Directed individuals to pick up cash, which was income attributed to him, from Western Union offices in New Jersey.
According to the indictment, Migliore owned several limited liability corporations in New Jersey, including Brielle Investment LLC, Brielle Investments and Management Company LLC and La Soufriere Maritime Inc. He also owned Island Club Casino and had authority over foreign bank accounts in Trinidad.
The document also noted that from 2009 to 2011, Migliore earned significant income from Island Club Casino, resulting in taxes due totalling more than US$1 million.
His unreported earnings for the years cited in the indictment were US$299,936 (2009); US$796,967; and US$2,819,739.
If he’s found guilty, Migliore faces jail time as well as fines. Each tax evasion count comes with a maximum potential penalty of five years in prison and a US$250,000 fine. Each count of failing to file tax returns is punishable by a maximum potential penalty of one year in prison and a US$100,000 fine.
The US government was represented in court by Assistant US Attorney Zahid N Quraishi of the US Attorney’s Office Special Prosecutions Division in Newark, while Robert Weir was listed as Migliore’s defence counsel. Calls to Island Club Casino manager Abbas Khaladi were futile as Newsday was told he was not there and no one at the club was able to speak on the issue.
Dominic Hinds, communications specialist at the Ministry of Finance, which oversees the casino industry, also said they were unaware of the allegations against Migliore. Finance Minister Larry Howai is today expected to meet with members of the TT Casino and Members Club Association for a pre-Budget consultation.
According to a statement from the US Department of Justice, credited with the investigation involving the allegations against the Trinidad casino owner were special agents of the IRS-Criminal Investigation, the FBI, US Immigration and Customs Enforcement, Homeland Security Investigations, law enforcement officers from the Monmouth County Prosecutor’s Office, and police officers from Wall Township Police Department.
News of Migliore’s court appearance made international headlines across the globe yesterday. The New Zealand Herald reported, “Feds: Trinidad casino owner stiffed US on taxes,” while Trinidad was also featured in Canada’s Edmonton Journal’s headline ‘Feds: Trinidad casino owner stiffed US on taxes.”
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One less money launderer!
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The US Government is one of de most 'desperate-and -cash-strapped-for-money-and-privacy-invasive' governments on this planet. The US is one (or one of the few) countries that stresses so much about money, that it FORCES other countries to give-up financial info on US citizens living and earning money abroad.
And the ironic thing is, the US tax system as administered by the IRS, is an illegal and unconstitutional system, that was formed ILLEGALLY in 1913. There is no law requiring US Citizens to pay taxes on 'income'. But this government enacts an illegal system by brute force and pure coercion.
I hope this fellow walks away scots-free, just to stick to the greedy US government.
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Americans giving up passports jump sixfold as tougher rules loom.
Business Day.
Americans renouncing U.S. citizenship surged sixfold in the second quarter from a year earlier as the government prepares to introduce tougher asset-disclosure rules.
Expatriates giving up their nationality at U.S. embassies climbed to 1,131 in the three months through June from 189 in the year-earlier period, according to Federal Register figures published August 9, Bloomberg reports.
That brought the first-half total to 1,810 compared with 235 for the whole of 2008.
The U.S., the only nation in the Organisation for Economic Cooperation and Development that taxes citizens wherever they reside, is searching for tax cheats in offshore centers, including Switzerland, as the government tries to curb the budget deficit. Shunned by Swiss and German banks and facing tougher asset-disclosure rules under the Foreign Account Tax Compliance Act, more of the estimated 6 million Americans living overseas are weighing the cost of holding a U.S. passport.
“With the looming deadline for Fatca, more and more U.S. citizens are becoming aware that they have U.S. tax reporting obligations,” said Matthew Ledvina, a U.S. tax lawyer at Anaford AG in Zurich.
“Once aware, they decide to renounce their U.S. citizenship.”
Fatca requires foreign financial institutions to report to the Internal Revenue Service information about financial accounts held by U.S. taxpayers, or held by foreign entities in which U.S. taxpayers hold a substantial ownership interest. It was estimated to generate $8.7 billion over 10 years, according to the congressional Joint Committee on Taxation.
The 2010 Fatca law requires banks to withhold 30 percent from “certain U.S.-connected payments” to some accounts of American clients who don’t disclose enough information to the IRS. While banks can sign agreements to report to the IRS individually, many are precluded from doing so by privacy laws in their jurisdictions.
The Treasury Department last month announced that the IRS will delay the start of Fatca by six months until July 1, 2014, to give foreign banks time to comply with the law. The extension of the act follows a previous one-year delay announced in 2011.
Financial institutions including Canada’s Toronto-Dominion Bank (TD) and Allianz SE of Germany have expressed concerns that Fatca is too complex.
The latest delay comes after the Swiss government agreed in February to simplifications that will help the country’s banks implement Fatca.
“The United States wishes to ensure that all income earned worldwide by U.S. taxpayers on accounts held abroad can be taxed by the United States,” the Swiss government said on April 10.
Since 2011, Americans, who disclose their non-U.S. bank accounts to the IRS, must file the more expansive 8938 form that asks for all foreign financial assets, including insurance contracts, loans and shareholdings in non-U.S. companies.
Failure to file the 8938 form can result in a fine of as much as $50,000. Clients can also be penalised half the amount in an undeclared foreign bank account under the Banks Secrecy Act of 1970.
The implementation of Fatca from July next year comes after UBS, Switzerland’s largest bank, paid a $780 million penalty in 2009 and handed over data on about 4,700 accounts to settle a tax-evasion dispute with the U.S. Whistle-blower Bradley Birkenfeld was sentenced to 40 months in a U.S. prison in 2009 after informing the government and Senate about his American clients at the Geneva branch of Zurich-based UBS AG. (UBSN)
The additional compliance costs for companies to ensure that Americans they hire are filing the correct U.S. tax returns and asset-declaration forms are at least $5,000 per person, said Ledvina.
For individuals, the costs are also rising.
Getting a mortgage or acquiring life insurance is becoming almost impossible for American citizens living overseas, Ledvina said.
“With increased U.S. tax reporting, U.S. accounting costs alone are around $2,000 per year for a U.S. citizen residing abroad,” the tax lawyer said. “Adding factors, such as difficulty in finding a bank to accept a U.S. citizen as a client, it is difficult to justify keeping the U.S. citizenship for those who reside permanently abroad.”
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Did Jack give up his green card because of tax invasion ? or does this stands just for citizens ?
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Flex, regarding the story you posted about Americans giving up their passports in droves, I saw that article on Drudge Report a few days ago also. I could could relate.
I'm actually considering giving up my US passport and relinquishing my US citizenship also due to the ridiculous high and illegal US tax laws.
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And I use the word tax 'laws' very loosely...lol.
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Did Jack give up his green card because of tax invasion ? or does this stands just for citizens ?
I believe that Jackula gave up his green card in an attempt to escape tax evasion and money laundering charges...however, once the charges are filed, giving-up a green card doesn't mean that the charges go away.
Anyway, I want to see JW in jail for life, but the only thing I would support JW or anyone on, is sticking it to the US Government and their over-reaching illegal application of the tax system.
Other than that, stick JW in jail for life and throw away the key...lol
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Sorry...I meant to answer the 2nd part of the question. The US tax system as it applies today, is applicable to both US Citizens and US Green Card holders. Green Card holders are assumed to be living in the US at least for around 30 days per calendar year.
The laws are applied to both basically the same, when it comes to paying taxes etc.
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OutsideMan,how could the IRS be illegal and unconstitutional?
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OutsideMan,how could the IRS be illegal and unconstitutional?
Deeks, the explanation may be too long for a simple post here, but I'll make it as brief in point form (but firstly let me clarify that I'm referring to the Federal Income Tax and the US Constitution...not excise taxes or state and local taxes, since each US State has their own constitution etc):
(1) Basically, the US Constitution does indeed allow for a 'limited' form of taxation --- but that form of taxation must not be a 'direct' tax, and must be a portioned as the US Constitution demands. The form of taxation today breaches these rules, thereby in itself rendering it unconstitutional.
(2) Additionally, the 16th Amendment of the US Constitution was not fully ratified by the required # of votes in Congress, but it was 'forced' through anyway (and this amendment must still comply with the original terms of the Constitution). As a side-note, the 16th Amendment was written by a consortium of powerful private banking interests, who stood to gain from the passage of the creation of the IRS which would be created a few years later in 1913.
(3) The Federal Tax as it stands today taxes ones' Income...and you are penalized and jailed if you don't pay taxes on this income. Though this may sound clear and reasonable to most, there is one hitch which also provides further proof of it's illegality --- it has to do with the definition of the word 'Income'.
You see, the US Supreme Court which is the law of the land, and whose rulings must be followed and adhered to, has already clearly defined the word 'Income' to basically refer to a 'BONUS'.
In other words: If you as an employee are working for someone (your employer), you and your employer have an agreement in which you will both make an equitable exchange. You exchange your labour for your employers money. This is considered an even exchange...a service (your labour), for a good (your employer's money). An even exchange is not considered 'Income'. However, the US Supreme Court ruled that once your employer decides to pay you a BONUS above and beyond the pre-agreement amount of your salary, then only THAT bonus can be considered as income, and is taxable.
Sadly, the US Government with all it's guns and brute force totally ignores this aspect of the law, and taxes ALL forms of income, and even forcibly and illegally confiscates, steals, and auctions off the citizens belongings, many times without due process, and even without an outcome of a verdict in court. It is among the most vile, profane, and rigged system of governance on the planet.
There's a lot more to this, but that's just the basics.
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If anyone cares to learn more about the illegality of the US Tax System, here's a video made in 2006 from producer Aaron Russo. It's called: "American: Freedom to Fascism"
http://www.youtube.com/watch?v=O6ayb02bwp0 (ftp://www.youtube.com/watch?v=O6ayb02bwp0)
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It's funny to me how income tax was originally a temporary tax to pay for the Civil War. Read more about the theories of the validity of the 16th amendment in the link. Looks like it has been challenged in court a couple times and failed.
http://en.wikipedia.org/wiki/Tax_protester_Sixteenth_Amendment_arguments
Outsideman, I have a couple thoughts on your points:
1. How can something be considered unconstitutional if the Constitution is amended to include it? Lots of things were added to the original constitution after it was written e.g. The Bill of Rights (religious freedom, gun rights etc.), abolition of slavery (originally slave was considered 3/5 of a person), women's sufferage
2. Unfortunately just because a law is written by outside parties or even railroaded through legislature doesn't make it invalid; it may be immoral or unethical but not illegal. Sadly too many laws today are written by lobbiests. One of my friends from grad school was a Congressional aide and he gave me the inside scoop on how many laws are written by outsiders/businesses and given to a Congressman to take to his colleagues.
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It's funny to me how income tax was originally a temporary tax to pay for the Civil War. Read more about the theories of the validity of the 16th amendment in the link. Looks like it has been challenged in court a couple times and failed.
http://en.wikipedia.org/wiki/Tax_protester_Sixteenth_Amendment_arguments
Outsideman, I have a couple thoughts on your points:
1. How can something be considered unconstitutional if the Constitution is amended to include it? Lots of things were added to the original constitution after it was written e.g. The Bill of Rights (religious freedom, gun rights etc.), abolition of slavery (originally slave was considered 3/5 of a person), women's sufferage
2. Unfortunately just because a law is written by outside parties or even railroaded through legislature doesn't make it invalid; it may be immoral or unethical but not illegal. Sadly too many laws today are written by lobbiests. One of my friends from grad school was a Congressional aide and he gave me the inside scoop on how many laws are written by outsiders/businesses and given to a Congressman to take to his colleagues.
@ grimm01: The points I made above were brief to answer the question posed. Anyway, yes...there were times when taxes were temporarily enacted to fund wars etc --- eg the Civil War. The tax was temporary, and then ceased upon the end of the war.
However the tax system in 1913 was indeed illegally created...and the IRS was not actually created by the US Government, but it was instead created by a consortium of private banks who wrote the 'law', and sponsored the Bills in Congress. This fact has been surprisingly covered by many 'reputable' news media outlets in recent times; covering the book titled "The Creature From Jekyll Island" (a book that covers the history of the formation of the US Federal Reserve and the IRS).
Anyway regarding your questions: (1) Yes, there are many Amendments to the US Constitution, and in fact there are Amendments which have even been repealed such as the 18th Amendment which was repealed by the 21st Amendment. And regardless, no Amendment can breach the US Constitution. Regardless of all the Amendments added to the US Constitution, they are not supposed to breach the rules of the Constitution. For instance, the US Constitution never said that slavery was legal, and never said that people were supposed to be denied 'civil rights' etc. The Amendments you mentioned in your example, were added to more-or-less re-iterate the PRINCIPLES of the US Constitution.
However the Sixteenth Amendment was added illegally, since it did not get the required # of Congressional votes to pass --- yet curiously it was added as an Amendment anyway.
But even if the 16th Amendment was legally passed...it still does not apply since the US Supreme Court ruled that it breaches the US Constitution and does not give or provide the US Government with any new taxing power.
You see, the US Constitution allows for two types for taxes (both limited). A direct tax (excise taxes such as a sales tax); and an INDIRECT tax (but indirect taxes must be apportioned by all the states). The 16th Amendment was the attempt by some guilty parties to create a THIRD form of taxation in the US, however the US Supreme Court ruled that this 16th Amendment breaches the US Constitution, and does not give the government any new taxing power whatsoever. This much is un-disputable.
(2) Actually there is no Tax Law requiring Americans to pay taxes on their wages, salaries, and 'income' as defined by the US Supreme Court. Up to this day, no one in Congress, the Senate, nor at the IRS can present you with the law that states that we must pay a mandatory tax on income as defined by the US Supreme Court. (Btw, Title 26 is not a law).
There is no tax law, and if there is, let them show us the law. :)
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The US Government is one of de most 'desperate-and -cash-strapped-for-money-and-privacy-invasive' governments on this planet. The US is one (or one of the few) countries that stresses so much about money, that it FORCES other countries to give-up financial info on US citizens living and earning money abroad.
And the ironic thing is, the US tax system as administered by the IRS, is an illegal and unconstitutional system, that was formed ILLEGALLY in 1913. There is no law requiring US Citizens to pay taxes on 'income'. But this government enacts an illegal system by brute force and pure coercion.
I hope this fellow walks away scots-free, just to stick to the greedy US government.
That is pure nonsense. Most nations do this to prevent tax dollars from illegally flowing out of the country, and in fact most nations have AML laws on their books (http://They confirmed Migliore owns a Viking boat named Blackbeard’s Revenge. When federal agents raided his home at the Brielle Landing condo complex in October, a new Bentley could be seen by reporters in the garage. Earlier this year, he was arrested in Wall Township on charges of possession of cocaine.) to prevent money laundering.
[Prosecutors]confirmed Migliore owns a Viking boat named Blackbeard’s Revenge. When federal agents raided his home at the Brielle Landing condo complex in October, a new Bentley could be seen by reporters in the garage. Earlier this year, he was arrested in Wall Township on charges of possession of cocaine.
http://www.nj.com/news/index.ssf/2013/08/caribbean_casino_at_the_center_of_a_4_million_tax_dodge_feds_charge.html
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The US Government is one of de most 'desperate-and -cash-strapped-for-money-and-privacy-invasive' governments on this planet. The US is one (or one of the few) countries that stresses so much about money, that it FORCES other countries to give-up financial info on US citizens living and earning money abroad.
And the ironic thing is, the US tax system as administered by the IRS, is an illegal and unconstitutional system, that was formed ILLEGALLY in 1913. There is no law requiring US Citizens to pay taxes on 'income'. But this government enacts an illegal system by brute force and pure coercion.
I hope this fellow walks away scots-free, just to stick to the greedy US government.
That is pure nonsense. Most nations do this to prevent tax dollars from illegally flowing out of the country, and in fact most nations have AML laws on their books (http://They confirmed Migliore owns a Viking boat named Blackbeard’s Revenge. When federal agents raided his home at the Brielle Landing condo complex in October, a new Bentley could be seen by reporters in the garage. Earlier this year, he was arrested in Wall Township on charges of possession of cocaine.) to prevent money laundering.
[Prosecutors]confirmed Migliore owns a Viking boat named Blackbeard’s Revenge. When federal agents raided his home at the Brielle Landing condo complex in October, a new Bentley could be seen by reporters in the garage. Earlier this year, he was arrested in Wall Township on charges of possession of cocaine.
http://www.nj.com/news/index.ssf/2013/08/caribbean_casino_at_the_center_of_a_4_million_tax_dodge_feds_charge.html
Bakes --- I actually worked in AML and Investment Compliance for a Wall Street Bank for many years, and can tell you that you misunderstood what I wrote.
What you wrote pertains to income EARNED from the subject country, and then wired to another country to hide the earnings. However the example I gave as per the article, is one in which the citizen lived in T&T, and earned income in T&T, and kept his money in T&T for the most part. The US is one of the only countries that chases down and wants to confiscate the funds of citizens who live and work outside of the US, and thus keep their income in the foreign bank accounts of the countries they live in.
You described an entirely different scenario than what I was discussing in my example.
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OutsideMan,how could the IRS be illegal and unconstitutional?
Deeks, the explanation may be too long for a simple post here, but I'll make it as brief in point form (but firstly let me clarify that I'm referring to the Federal Income Tax and the US Constitution...not excise taxes or state and local taxes, since each US State has their own constitution etc):
(1) Basically, the US Constitution does indeed allow for a 'limited' form of taxation --- but that form of taxation must not be a 'direct' tax, and must be a portioned as the US Constitution demands. The form of taxation today breaches these rules, thereby in itself rendering it unconstitutional.
(2) Additionally, the 16th Amendment of the US Constitution was not fully ratified by the required # of votes in Congress, but it was 'forced' through anyway (and this amendment must still comply with the original terms of the Constitution). As a side-note, the 16th Amendment was written by a consortium of powerful private banking interests, who stood to gain from the passage of the creation of the IRS which would be created a few years later in 1913.
(3) The Federal Tax as it stands today taxes ones' Income...and you are penalized and jailed if you don't pay taxes on this income. Though this may sound clear and reasonable to most, there is one hitch which also provides further proof of it's illegality --- it has to do with the definition of the word 'Income'.
You see, the US Supreme Court which is the law of the land, and whose rulings must be followed and adhered to, has already clearly defined the word 'Income' to basically refer to a 'BONUS'.
In other words: If you as an employee are working for someone (your employer), you and your employer have an agreement in which you will both make an equitable exchange. You exchange your labour for your employers money. This is considered an even exchange...a service (your labour), for a good (your employer's money). An even exchange is not considered 'Income'. However, the US Supreme Court ruled that once your employer decides to pay you a BONUS above and beyond the pre-agreement amount of your salary, then only THAT bonus can be considered as income, and is taxable.
Sadly, the US Government with all it's guns and brute force totally ignores this aspect of the law, and taxes ALL forms of income, and even forcibly and illegally confiscates, steals, and auctions off the citizens belongings, many times without due process, and even without an outcome of a verdict in court. It is among the most vile, profane, and rigged system of governance on the planet.
There's a lot more to this, but that's just the basics.
The US Supreme Court has upheld the validity of the Federal Income Tax. Other Federal courts have held the same: "It is apparent ...that the defendants have at least had access to some of the publications of tax protester organizations. The publications of these organizations have a bad habit of giving lots of advice without explaining the consequences which can flow from the assertion of totally discredited legal positions and/or meritless factual positions."-United States v. Rempel, 87 Amer. Fed. Tax Rep. 2d (RIA) 1810, 2001 U.S. Dist. LEXIS 8518
but keep cutting and pasting from these nut-job libertarian sites if yuh wish. In fact, yuh should take a stance and challenge the constitutionality of the tax (yet again) in court.
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Bakes --- I actually worked in AML and Investment Compliance for a Wall Street Bank for many years, and can tell you that you misunderstood what I wrote.
What you wrote pertains to income EARNED from the subject country, and then wired to another country to hide the earnings. However the example I gave as per the article, is one in which the citizen lived in T&T, and earned income in T&T, and kept his money in T&T for the most part. The US is one of the only countries that chases down and wants to confiscate the funds of citizens who live and work outside of the US, and thus keep their income in the foreign bank accounts of the countries they live in.
You described an entirely different scenario than what I was discussing in my example.
Uhm... no! What I wrote refers to income earned abroad and underreported/not reported at home.
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And to add politely to my prior response to you (Bakes) --- money cannot be flowing out of the country, if it was NEVER in the country to begin with.
Again --- I was describing a situation in which say a US Citizen lives in T&T, and earns money in T&T. This citizen keeps all of his earnings in a local T&T bank, as all foreigners do when living in another country. The US however even seeks to 'confiscate' the bank accounts of US citizens who live and work abroad.
That US policy takes over-reaching, boldfaceness, and macconess to an entirely different level. That was what I was describing.
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Bakes --- I actually worked in AML and Investment Compliance for a Wall Street Bank for many years, and can tell you that you misunderstood what I wrote.
What you wrote pertains to income EARNED from the subject country, and then wired to another country to hide the earnings. However the example I gave as per the article, is one in which the citizen lived in T&T, and earned income in T&T, and kept his money in T&T for the most part. The US is one of the only countries that chases down and wants to confiscate the funds of citizens who live and work outside of the US, and thus keep their income in the foreign bank accounts of the countries they live in.
You described an entirely different scenario than what I was discussing in my example.
Uhm... no! What I wrote refers to income earned abroad and underreported/not reported at home.
Bakes, I've already proven you completely wrong on this, so I don't understand why you're still arguing this point.
You clearly totally misunderstood the initial post, and you came in with an UNRELATED response. I showed you your error quite clearly, and yet you're still arguing an invalid point??? Okaaaaaay. :rotfl:
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OutsideMan,how could the IRS be illegal and unconstitutional?
Deeks, the explanation may be too long for a simple post here, but I'll make it as brief in point form (but firstly let me clarify that I'm referring to the Federal Income Tax and the US Constitution...not excise taxes or state and local taxes, since each US State has their own constitution etc):
(1) Basically, the US Constitution does indeed allow for a 'limited' form of taxation --- but that form of taxation must not be a 'direct' tax, and must be a portioned as the US Constitution demands. The form of taxation today breaches these rules, thereby in itself rendering it unconstitutional.
(2) Additionally, the 16th Amendment of the US Constitution was not fully ratified by the required # of votes in Congress, but it was 'forced' through anyway (and this amendment must still comply with the original terms of the Constitution). As a side-note, the 16th Amendment was written by a consortium of powerful private banking interests, who stood to gain from the passage of the creation of the IRS which would be created a few years later in 1913.
(3) The Federal Tax as it stands today taxes ones' Income...and you are penalized and jailed if you don't pay taxes on this income. Though this may sound clear and reasonable to most, there is one hitch which also provides further proof of it's illegality --- it has to do with the definition of the word 'Income'.
You see, the US Supreme Court which is the law of the land, and whose rulings must be followed and adhered to, has already clearly defined the word 'Income' to basically refer to a 'BONUS'.
In other words: If you as an employee are working for someone (your employer), you and your employer have an agreement in which you will both make an equitable exchange. You exchange your labour for your employers money. This is considered an even exchange...a service (your labour), for a good (your employer's money). An even exchange is not considered 'Income'. However, the US Supreme Court ruled that once your employer decides to pay you a BONUS above and beyond the pre-agreement amount of your salary, then only THAT bonus can be considered as income, and is taxable.
Sadly, the US Government with all it's guns and brute force totally ignores this aspect of the law, and taxes ALL forms of income, and even forcibly and illegally confiscates, steals, and auctions off the citizens belongings, many times without due process, and even without an outcome of a verdict in court. It is among the most vile, profane, and rigged system of governance on the planet.
There's a lot more to this, but that's just the basics.
The US Supreme Court has upheld the validity of the Federal Income Tax. Other Federal courts have held the same: "It is apparent ...that the defendants have at least had access to some of the publications of tax protester organizations. The publications of these organizations have a bad habit of giving lots of advice without explaining the consequences which can flow from the assertion of totally discredited legal positions and/or meritless factual positions."-United States v. Rempel, 87 Amer. Fed. Tax Rep. 2d (RIA) 1810, 2001 U.S. Dist. LEXIS 8518
but keep cutting and pasting from these nut-job libertarian sites if yuh wish. In fact, yuh should take a stance and challenge the constitutionality of the tax (yet again) in court.
firstly, I haven't copy-and-pasted anything at all. This is all my writing...buuuut, if you want to throw personal unfounded accusations and name-calling as you always seem to do, then by all means, please continue as you were.
Additionally, the US Supreme court did indeed rule on many occasions that the 16th Amendment gave the US Government no new taxing power. Btw, Aplealate courts and Federal Courts must abide by the Supreme Court, although many times this isn't always the case as Supreme Court rulings aren't always argued in the lower courts.
Also, believe it or not, many people have won these cases against the US Government, and those victories are a matter of public record.
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It look like I raised a hornest nest. But so far the exchange has been civil. Actually I like points that are put forward by Bakes and Outside.
Outside you said that the IRS income tax was push thru by private banks. Well that is private enterprise and capitalism at its best.
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It look like I raised a hornest nest. But so far the exchange has been civil. Actually I like points that are put forward by Bakes and Outside.
Outside you said that the IRS income tax was push thru by private banks. Well that is private enterprise and capitalism at its best.
Hey Deeks...I support Capitalism and the Free Markets. However, the system in which a few select Private Banks committed a coup against the American public in 1913 and thereafter, was actually not capitalism at all. It can be termed more-so as a Quaisi-Crony-Socialistic-Fascist-Corporatocracy type of system, far far removed from the ideals of freedom and transparency of Capitalism and the Free Markets.
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And to add politely to my prior response to you (Bakes) --- money cannot be flowing out of the country, if it was NEVER in the country to begin with.
Again --- I was describing a situation in which say a US Citizen lives in T&T, and earns money in T&T. This citizen keeps all of his earnings in a local T&T bank, as all foreigners do when living in another country. The US however even seeks to 'confiscate' the bank accounts of US citizens who live and work abroad.
That US policy takes over-reaching, boldfaceness, and macconess to an entirely different level. That was what I was describing.
Fella, I not going to get into no setta back and forth with you... the US will freeze a bank account, it cannot "confiscate" it, stop talking shit. I am dealing with this right now with a client of mine, US citizen military contractor working in Ecuador. If you want to continue pretending for the board that what yuh saying is correct then be my guest. As you can see from my example this is a US citizen working in a foreign country and required to pay taxes in the US. There are only two exceptions to this requirement, neither of which I need to get into here.
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And to add politely to my prior response to you (Bakes) --- money cannot be flowing out of the country, if it was NEVER in the country to begin with.
Again --- I was describing a situation in which say a US Citizen lives in T&T, and earns money in T&T. This citizen keeps all of his earnings in a local T&T bank, as all foreigners do when living in another country. The US however even seeks to 'confiscate' the bank accounts of US citizens who live and work abroad.
That US policy takes over-reaching, boldfaceness, and macconess to an entirely different level. That was what I was describing.
Fella, I not going to get into no setta back and forth with you... the US will freeze a bank account, it cannot "confiscate" it, stop talking shit. I am dealing with this right now with a client of mine, US citizen military contractor working in Ecuador. If you want to continue pretending for the board that what yuh saying is correct then be my guest. As you can see from my example this is a US citizen working in a foreign country and required to pay taxes in the US. There are only two exceptions to this requirement, neither of which I need to get into here.
Bakes --- Read the SECOND article that Flex posted. The US under the new FATCA rules, will have the ability to not just freeze, but also to confiscate assets in foreign bank accounts.
Are you familiar with the new FATCA rules that the US Government is forcing other countries to force their banks to disclose the assets and financial transactions of every US Citizen who holds a bank account in those countries?
In-fact, two banks in two separate offshore jurisdictions that I hold accounts with, sent me emails stating that they will soon be subject to the FATCA disclosure rules, although those offshore jurisdictions have 'strict' banking secrecy laws. Right now, many offshore jurisdictions are even turning away US Citizens who are looking to open bank accounts in those countries.
READ the 2nd article that Flex posted on this thread.
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And to add politely to my prior response to you (Bakes) --- money cannot be flowing out of the country, if it was NEVER in the country to begin with.
Again --- I was describing a situation in which say a US Citizen lives in T&T, and earns money in T&T. This citizen keeps all of his earnings in a local T&T bank, as all foreigners do when living in another country. The US however even seeks to 'confiscate' the bank accounts of US citizens who live and work abroad.
That US policy takes over-reaching, boldfaceness, and macconess to an entirely different level. That was what I was describing.
Fella, I not going to get into no setta back and forth with you... the US will freeze a bank account, it cannot "confiscate" it, stop talking shit. I am dealing with this right now with a client of mine, US citizen military contractor working in Ecuador. If you want to continue pretending for the board that what yuh saying is correct then be my guest. As you can see from my example this is a US citizen working in a foreign country and required to pay taxes in the US. There are only two exceptions to this requirement, neither of which I need to get into here.
Bakes --- Also the example you gave about the US citizen military contractor working overseas and required to pay US taxes is not the same thing. In-fact...exactly where did I say that US Citizens working and living abroad are not subject to US taxes??? If you read my responses carefully, you would note that I've actually been saying the opposite, and stating that I disagree with that policy of US private citizens being required to file US taxes while living and working overseas.
As with every country, IF you work for the government, but you are based overseas, therefore you will still be subject to your home government's taxes. For instance: If you are a Trinidadian Citizen who works for the T&T Government in the T&T Embassy in the US, then you WILL indeed be subject to T&T's taxes (not the US taxes)...because you work for the T&T Government. Same goes for US soldiers and US military contractors who happen to be based overseas. Just because a US military contractor is based in Iraq, does not mean that the don't pay US taxes. Yes...they STILL pay US taxes.
My example however is with regards to a US CIVILIAN who is NOT affiliated with the US Government. Just a regular private citizen (totally unaffiliated with the US Government) who is living overseas, and working for a private enterprise overseas. The US Government is de ONLY government that is requesting that the US citizen living abroad is still required to file a tax return.
Question: If you are a Trini, and you move to the US to live and work in private enterprise...are you still required to file your T&T taxes on a yearly basis, even though you do not live and do not earn income from T&T? The answer is 'No'.
Do you understand the point now?
(Edited to correct a couple of typos, and add a sentence left out in first version).
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Bakes --- Read the SECOND article that Flex posted. The US under the new FATCA rules, will have the ability to not just freeze, but also to confiscate assets in foreign bank accounts.
Are you familiar with the new FATCA rules that the US Government is forcing other countries to force their banks to disclose the assets and financial transactions of every US Citizen who holds a bank account in those countries?
In-fact, two banks in two separate offshore jurisdictions that I hold accounts with, sent me emails stating that they will soon be subject to the FATCA disclosure rules, although those offshore jurisdictions have 'strict' banking secrecy laws. Right now, many offshore jurisdictions are even turning away US Citizens who are looking to open bank accounts in those countries.
READ the 2nd article that Flex posted on this thread.
Quote the language from the article which states that the US will "confiscate" the bank accounts of US citizens resident abroad. It doesn't have to be the actual word "confiscate", but quote the language that says the gov't will seize, take etc. the bank account.
Bakes --- Also the example you gave about the US citizen military contractor working overseas and required to pay US taxes is not the same thing. In-fact...exactly where did I say that US Citizens working and living abroad are not subject to US taxes??? If you read my responses carefully, you would note that I've actually been saying the opposite, and stating that I disagree with that policy of US private citizens being required to file US taxes while living and working overseas.
As with every country, IF you work for the government, but you are based overseas, therefore you will still be subject to your home government's taxes. For instance: If you are a Trinidadian Citizen who works for the T&T Government in the T&T Embassy in the US, then you WILL indeed be subject to T&T's taxes (not the US taxes)...because you work for the T&T Government. Same goes for US soldiers and US military contractors who happen to be based overseas. Just because a US military contractor is based in Iraq, does not mean that the don't pay US taxes. Yes...they STILL pay US taxes.
My example however is with regards to a US CIVILIAN who is NOT affiliated with the US Government. Just a regular private citizen (totally unaffiliated with the US Government) who is living overseas, and working for a private enterprise overseas. The US Government is de ONLY government that is requesting that the US citizen living abroad is still required to file a tax return.
Question: If you are a Trini, and you move to the US to live and work in private enterprise...are you still required to file your T&T taxes on a yearly basis, even though you do not live and do not earn income from T&T? The answer is 'No'.
Do you understand the point now?
(Edited to correct a couple of typos, and add a sentence left out in first version).
Are you daft? You really believe that government workers are taxed differently from private citizens?? Have you ever heard of the Equal Protection Clause of the US constitution? You cannot treat one class of US citizens/(legal) residents differently from another. All workers, regardless of employers are subject to the same tax scheme. Secondly, did you miss the part where I said he was a CIVILIAN military CONTRACTOR? His employer is not the US government, he is employed by a private US company. Or yuh doh know what "contractor" means? Yuh need to quit bluffing because yuh arguments naked under all that bluff.
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Did Jack give up his green card because of tax invasion ? or does this stands just for citizens ?
Flex the article isn't saying that people are being forced to give up their citizenship... what they doing is that they voluntarily giving up US citizenship so that they won't fall under US jurisdiction. As for Jack, I don't know that he has a Green Card, but if he does they can't force him to give it up unless he's convicted of a felony. He hasn't even been charged yet, let alone convicted.
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I'll bottom-line this entire US over-reaching policy of taxing the earnings of PRIVATE US Citizens (non-US government workers/contractors) living and working outside of the US:
Among other factors, the US is increasing their efforts to secure taxes from private US citizens living and working abroad due to the constant mis-management and ever increasing record national DEBT. This has absolutely nothing to do with Anti-Money Laundering pursuits and 'flight of capital' to overseas jurisdictions as Bakes claimed. Again...if the money is earned overseas while the private citizen is living overseas, then what flight of capital from the US is taking place?
This has EVERYTHING to do with the US Government's own financial mis-management and high debt crisis. They need to get their own house in order, and we all have to do on our own to keep our own houses in order....but they don't see it that way. They prefer to tax people to perpetuity, even those living outside the US, while they (the US government) continue business as usual piling up more debt and financial mismanagement.
That's what it boils down to.
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Bakes --- Read the SECOND article that Flex posted. The US under the new FATCA rules, will have the ability to not just freeze, but also to confiscate assets in foreign bank accounts.
Are you familiar with the new FATCA rules that the US Government is forcing other countries to force their banks to disclose the assets and financial transactions of every US Citizen who holds a bank account in those countries?
In-fact, two banks in two separate offshore jurisdictions that I hold accounts with, sent me emails stating that they will soon be subject to the FATCA disclosure rules, although those offshore jurisdictions have 'strict' banking secrecy laws. Right now, many offshore jurisdictions are even turning away US Citizens who are looking to open bank accounts in those countries.
READ the 2nd article that Flex posted on this thread.
Quote the language from the article which states that the US will "confiscate" the bank accounts of US citizens resident abroad. It doesn't have to be the actual word "confiscate", but quote the language that says the gov't will seize, take etc. the bank account.
Bakes --- Also the example you gave about the US citizen military contractor working overseas and required to pay US taxes is not the same thing. In-fact...exactly where did I say that US Citizens working and living abroad are not subject to US taxes??? If you read my responses carefully, you would note that I've actually been saying the opposite, and stating that I disagree with that policy of US private citizens being required to file US taxes while living and working overseas.
As with every country, IF you work for the government, but you are based overseas, therefore you will still be subject to your home government's taxes. For instance: If you are a Trinidadian Citizen who works for the T&T Government in the T&T Embassy in the US, then you WILL indeed be subject to T&T's taxes (not the US taxes)...because you work for the T&T Government. Same goes for US soldiers and US military contractors who happen to be based overseas. Just because a US military contractor is based in Iraq, does not mean that the don't pay US taxes. Yes...they STILL pay US taxes.
My example however is with regards to a US CIVILIAN who is NOT affiliated with the US Government. Just a regular private citizen (totally unaffiliated with the US Government) who is living overseas, and working for a private enterprise overseas. The US Government is de ONLY government that is requesting that the US citizen living abroad is still required to file a tax return.
Question: If you are a Trini, and you move to the US to live and work in private enterprise...are you still required to file your T&T taxes on a yearly basis, even though you do not live and do not earn income from T&T? The answer is 'No'.
Do you understand the point now?
(Edited to correct a couple of typos, and add a sentence left out in first version).
Are you daft? You really believe that government workers are taxed differently from private citizens?? Have you ever heard of the Equal Protection Clause of the US constitution? You cannot treat one class of US citizens/(legal) residents differently from another. All workers, regardless of employers are subject to the same tax scheme. Secondly, did you miss the part where I said he was a CIVILIAN military CONTRACTOR? His employer is not the US government, he is employed by a private US company. Or yuh doh know what "contractor" means? Yuh need to quit bluffing because yuh arguments naked under all that bluff.
Bakes --- Clearly you cannot read English. Where did I say that US Government workers are taxed differently that US Private Citizens???
Seriously...where did I say that?
Dude...I am saying that I DO NOT AGREE with the policy that both are taxed the same when LIVING AND WORKING ABROAD.
I actually have to write this in huge capital letters because you cannot seem to understand and comprehend plain old simple English.
you need to go back and re-read the comments, because you are now sounding very lost and confused.
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Bakes, every comment you have made thus far on this thread has missed the mark.
The problem is you are giving the CORRECT answers but to absolutely different questions and scenarios. The answers you are providing has nothing to do with what I was discussing at all.
One of my first points was earlier in the thread was discussing PRIVATE US Citizens living and working abroad, yet still being subject to US taxes (a policy I don't agree with, since that citizen would be paying taxes in not one, but TWO jurisdictions). However, you brought up a point about money leaving the USA, which had ABSOLUTELY ZERO relevance to someone living and working abroad. What does flight of capital from the US fears have to do with a US citizen who lives abroad and works abroad, where the money never enters the US in the first place, farless LEAVE the US?
Almost ever point you have brought up here has indeed been the correct answer, but for a DIFFERENT question. That is where you're confused, and what you appear to be ashamed to admit.
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Bakes --- Clearly you cannot read English. Where did I say that US Government workers are taxed differently that US Private Citizens???
Seriously...where did I say that?
Dude...I am saying that I DO NOT AGREE with the policy that both are taxed the same when LIVING AND WORKING ABROAD.
I actually have to write this in huge capital letters because you cannot seem to understand and comprehend plain old simple English.
you need to go back and re-read the comments, because you are now sounding very lost and confused.
You trying to play smart with foolishness... and this will be my last response on this.
As with every country, IF you work for the government, but you are based overseas, therefore you will still be subject to your home government's taxes. For instance: If you are a Trinidadian Citizen who works for the T&T Government in the T&T Embassy in the US, then you WILL indeed be subject to T&T's taxes (not the US taxes)...because you work for the T&T Government. Same goes for US soldiers and US military contractors who happen to be based overseas. Just because a US military contractor is based in Iraq, does not mean that the don't pay US taxes. Yes...they STILL pay US taxes.
My example however is with regards to a US CIVILIAN who is NOT affiliated with the US Government. Just a regular private citizen (totally unaffiliated with the US Government) who is living overseas, and working for a private enterprise overseas. The US Government is de ONLY government that is requesting that the US citizen living abroad is still required to file a tax return.
Your suggestion is that it makes sense for the government to tax anyone working for the government overseas... but that you have a problem with them taxing a private citizen with no government connections, earning money overseas. Clearly you missed the point about the Equal Protection Clause. Everybody has to be taxed the same... there is no "well this makes sense... but that doesn't".
I read and understand plain old simple English fine... maybe you should try using it.
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Bakes --- Clearly you cannot read English. Where did I say that US Government workers are taxed differently that US Private Citizens???
Seriously...where did I say that?
Dude...I am saying that I DO NOT AGREE with the policy that both are taxed the same when LIVING AND WORKING ABROAD.
I actually have to write this in huge capital letters because you cannot seem to understand and comprehend plain old simple English.
you need to go back and re-read the comments, because you are now sounding very lost and confused.
You trying to play smart with foolishness... and this will be my last response on this.
As with every country, IF you work for the government, but you are based overseas, therefore you will still be subject to your home government's taxes. For instance: If you are a Trinidadian Citizen who works for the T&T Government in the T&T Embassy in the US, then you WILL indeed be subject to T&T's taxes (not the US taxes)...because you work for the T&T Government. Same goes for US soldiers and US military contractors who happen to be based overseas. Just because a US military contractor is based in Iraq, does not mean that the don't pay US taxes. Yes...they STILL pay US taxes.
My example however is with regards to a US CIVILIAN who is NOT affiliated with the US Government. Just a regular private citizen (totally unaffiliated with the US Government) who is living overseas, and working for a private enterprise overseas. The US Government is de ONLY government that is requesting that the US citizen living abroad is still required to file a tax return.
Your suggestion is that it makes sense for the government to tax anyone working for the government overseas... but that you have a problem with them taxing a private citizen with no government connections, earning money overseas. Clearly you missed the point about the Equal Protection Clause. Everybody has to be taxed the same... there is no "well this makes sense... but that doesn't".
I read and understand plain old simple English fine... maybe you should try using it.
As I have clearly stated on this thread, the US is the only country that does this --- the only country that taxes it's citizens who live and work abroad. This puts Private US citizens in a distress position as they are then subject in many cases to DOUBLE taxation; taxation from both the US and the country they're living in.
Also, it's very key that you understand that the US is the only country that hounds it's citizens even if they do not live and do not earn income from the US.
If a Trini moves to the US and lives and works in the US in the private enterprise, is the Trini subject to T&T taxes? Does the Trini have to file yearly taxes returns in T&T, even though they don't live and earn money in T&T?
The US does this --- the US taxes you regardless of if you live and make a living OUTSIDE of the US. Anyhows, I stopped paying US taxes a LONG time ago, since my corporations are based offshore, and therefore not subject to US taxes. As far I'm concerned, the US can fund their illegal wars and invasions and corporate bailouts with someone elses hard work and money.
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Bakes, next time I suggest you read the comments before you decide to post, because your earlier comments here send a clear message that you have trouble fully comprehending sentences presented to you. The replies you posted is evidence that you do indeed have some intelligence, but you not quite there yet, as most of those responses were correct but for COMPLETELY DIFFERENT questions.
It's almost like I stated that "2+3 = 5", but you decide to jump in and belligerently proclaimed, "NO! THE SUN IS A STAR!!!" ???
Again...you're giving the correct answers but for a completely different question that was not even brought up. I actually thought you were posting in the wrong thread for a while to tell u de truth.
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Bakes, another thing I wanted to add is that although I 'disagree' with your last comment, I wanted to extend a hand of congratulation to you since you FINALY at least decided to address the topic at hand, instead of going off-topic as you did in ALL your prior comments.
Good job finally coming to the topic, unlike the unrelated diatribe you subjected us to in basically every previous comments. ;) :beermug:
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As I have clearly stated on this thread, the US is the only country that does this --- the only country that taxes it's citizens who live and work abroad. This puts Private US citizens in a distress position as they are then subject in many cases to DOUBLE taxation; taxation from both the US and the country they're living in.
Also, it's very key that you understand that the US is the only country that hounds it's citizens even if they do not live and do not earn income from the US.
If a Trini moves to the US and lives and works in the US in the private enterprise, is the Trini subject to T&T taxes? Does the Trini have to file yearly taxes returns in T&T, even though they don't live and earn money in T&T?
The US does this --- the US taxes you regardless of if you live and make a living OUTSIDE of the US. Anyhows, I stopped paying US taxes a LONG time ago, since my corporations are based offshore, and therefore not subject to US taxes. As far I'm concerned, the US can fund their illegal wars and invasions and corporate bailouts with someone elses hard work and money.
Canada does it: (http://travel.gc.ca/travelling/living-abroad/taxation)
"For example, your foreign income — even if it's a few hours a week serving coffee at a local café — may be taxed at source in that country. In all likelihood, you will also have to report that same income on your Canadian tax return because you are still a resident of Canada.
"In such a circumstance, the individual could be subject to tax in both countries on the same income," Brideau said."
The UK does it: (http://uk.angloinfo.com/money/income-tax/)
UK income tax is chargeable on any UK source income received by an individual in the UK if they are UK resident. Foreign income is subject to UK tax where the individual is either:
1. domiciled in the UK;
2. not domiciled in the UK but the income is remitted to the UK; or
3. not domiciled in the UK but the individual chooses to be taxed on the arising basis of taxation.
Germany does it: (http://www.cfe-eutax.org/taxation/personal-income-tax/germany)
"Personal income tax is imposed on the income of individuals, who are resident in Germany or have their normal place of abode there, have full income tax liability. All the income earned at home and abroad is subject to German tax."
Who else? France (http://www.french-property.com/guides/france/finance-taxation/taxation/liability-income-tax/income/)... Spain (http://spain.angloinfo.com/money/income-tax/)... Italy (http://www.kpmg.com/Global/en/IssuesAndInsights/ArticlesPublications/taxation-international-executives/italy/pages/income-tax.aspx#9)... Japan (http://www.nta.go.jp/taxanswer/english/12007.htm)... the list goes on and on.
And as far as Double taxation (paying taxes to a foreign government abroad then having to pay US taxes on the same income)... there are treaties (http://www.irs.gov/Businesses/International-Businesses/United-States-Income-Tax-Treaties---A-to-Z) in place for just that. Note that Trinidad is on the list... hence why Trinis earning money in the US don't pay a double tax.
The United States has tax treaties with a number of foreign countries. Under these treaties, residents (not necessarily citizens) of foreign countries are taxed at a reduced rate, or are exempt from U.S. taxes on certain items of income they receive from sources within the United States. These reduced rates and exemptions vary among countries and specific items of income. Under these same treaties, residents or citizens of the United States are taxed at a reduced rate, or are exempt from foreign taxes, on certain items of income they receive from sources within foreign countries. Most income tax treaties contain what is known as a "saving clause" which prevents a citizen or resident of the United States from using the provisions of a tax treaty in order to avoid taxation of U.S. source income.
I think is time you shut up and acknowledge that yuh talking without knowing what the hell yuh talking about.
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As I have clearly stated on this thread, the US is the only country that does this --- the only country that taxes it's citizens who live and work abroad. This puts Private US citizens in a distress position as they are then subject in many cases to DOUBLE taxation; taxation from both the US and the country they're living in.
Also, it's very key that you understand that the US is the only country that hounds it's citizens even if they do not live and do not earn income from the US.
If a Trini moves to the US and lives and works in the US in the private enterprise, is the Trini subject to T&T taxes? Does the Trini have to file yearly taxes returns in T&T, even though they don't live and earn money in T&T?
The US does this --- the US taxes you regardless of if you live and make a living OUTSIDE of the US. Anyhows, I stopped paying US taxes a LONG time ago, since my corporations are based offshore, and therefore not subject to US taxes. As far I'm concerned, the US can fund their illegal wars and invasions and corporate bailouts with someone elses hard work and money.
Canada does it: (http://travel.gc.ca/travelling/living-abroad/taxation)
"For example, your foreign income — even if it's a few hours a week serving coffee at a local café — may be taxed at source in that country. In all likelihood, you will also have to report that same income on your Canadian tax return because you are still a resident of Canada.
"In such a circumstance, the individual could be subject to tax in both countries on the same income," Brideau said."
The UK does it: (http://uk.angloinfo.com/money/income-tax/)
UK income tax is chargeable on any UK source income received by an individual in the UK if they are UK resident. Foreign income is subject to UK tax where the individual is either:
1. domiciled in the UK;
2. not domiciled in the UK but the income is remitted to the UK; or
3. not domiciled in the UK but the individual chooses to be taxed on the arising basis of taxation.
Germany does it: (http://www.cfe-eutax.org/taxation/personal-income-tax/germany)
"Personal income tax is imposed on the income of individuals, who are resident in Germany or have their normal place of abode there, have full income tax liability. All the income earned at home and abroad is subject to German tax."
Who else? France (http://www.french-property.com/guides/france/finance-taxation/taxation/liability-income-tax/income/)... Spain (http://spain.angloinfo.com/money/income-tax/)... Italy (http://www.kpmg.com/Global/en/IssuesAndInsights/ArticlesPublications/taxation-international-executives/italy/pages/income-tax.aspx#9)... Japan (http://www.nta.go.jp/taxanswer/english/12007.htm)... the list goes on and on.
And as far as Double taxation (paying taxes to a foreign government abroad then having to pay US taxes on the same income)... there are treaties (http://www.irs.gov/Businesses/International-Businesses/United-States-Income-Tax-Treaties---A-to-Z) in place for just that. Note that Trinidad is on the list... hence why Trinis earning money in the US don't pay a double tax.
The United States has tax treaties with a number of foreign countries. Under these treaties, residents (not necessarily citizens) of foreign countries are taxed at a reduced rate, or are exempt from U.S. taxes on certain items of income they receive from sources within the United States. These reduced rates and exemptions vary among countries and specific items of income. Under these same treaties, residents or citizens of the United States are taxed at a reduced rate, or are exempt from foreign taxes, on certain items of income they receive from sources within foreign countries. Most income tax treaties contain what is known as a "saving clause" which prevents a citizen or resident of the United States from using the provisions of a tax treaty in order to avoid taxation of U.S. source income.
I think is time you shut up and acknowledge that yuh talking without knowing what the hell yuh talking about.
Bakes...you realize that you are not posting from reliable sources, right? I'm guessing that you went on Google, and copy and pasted a few select responses from people who have no clue what they are talking about, and you're presenting it here as fact.
Why don't you also provide the source of the those postings that you copy and pasted. I'll tell you this...you cannot believe everything you come across de internet.
I'll say it again: The US is one of the only countries that requires private US citizens to file and pay taxes on income that they earn while living and working overseas. Any other country that requires the filing of taxes on foreign earned income of their citizens living abraod, would be countries typically where the subject citizen in question has certain ties or commitments, or is still probably receiving some sort of government assistance or grants etc.
However, typically if there are zero ties to the said government/country, the citizen of those other nations are not required to file, report, and pay taxes. The US Government on the other hand requires US Citizens to file, report, and pay taxes regardless (though based on the double taxation issue, some of the income may not be taxed).
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Bakes, since you were completely dishonest and shady in your last post with the poor examples you displayed, I want you to check out the link that goes into more detail about Canada. And pretty much ALL other jurisdictions (except the US) treats taxation of their citizens living abroad in a similar fashion.
Please note the details presented in point (1):
"....To cease residency in Canada, and cease paying taxes to Canada, you have to go about the process of severing residential ties. This means you must no longer have a place to live in Canada, that you have set up a place to live somewhere else, set up financial accounts in a new place, and, if married, have taken your family with you.
Tollstam said that the CRA used to use a 24-month time period to determine non residency, but that has since been eliminated from its guide. She said that basically a minimum of 18 to 24 months away from Canada is now required to be a non-resident."
http://www.cbc.ca/news/business/taxseason/story/2012/04/18/f-taxseason-filing-taxes-living-abroad.html
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Bakes, the example I posted above regarding Canada completely blows your long-winded copy-and-pasted shady post out of the water. The link I posted does indeed show that Canadians would not be subject to foreign taxes if they are living and working abroad if they maintain no residences in Canada (and this rules applies to pretty much all other countries out there EXCEPT the US). Again...the assumption in my earlier statement is that the foreigner living abroad has MOVED completely abroad and has pretty much severed all ties with their country of birth. And again...I made the statement that I do not agree with the US policy of taxing a US citizen after have moved and from the US to another country to start a new life, basically severing ties with the US.
Anyway, your argument has been proven lacking...invalid...nonsensical...and frankly misinformed and dishonest. It's a shame that you cannot find the dignity and honour in admitting that u were wrong. There is no dishonour in admitting that you were wrong. Sometimes you need to man-up and put on your big-boy shorts, my friend.
There is no indignity or dishonour in admitting that you were wrong here, Bakes.
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Bakes, since you were completely dishonest and shady in your last post with the poor examples you displayed, I want you to check out the link that goes into more detail about Canada. And pretty much ALL other jurisdictions (except the US) treats taxation of their citizens living abroad in a similar fashion.
Please note the details presented in point (1):
"....To cease residency in Canada, and cease paying taxes to Canada, you have to go about the process of severing residential ties. This means you must no longer have a place to live in Canada, that you have set up a place to live somewhere else, set up financial accounts in a new place, and, if married, have taken your family with you.
Tollstam said that the CRA used to use a 24-month time period to determine non residency, but that has since been eliminated from its guide. She said that basically a minimum of 18 to 24 months away from Canada is now required to be a non-resident."
http://www.cbc.ca/news/business/taxseason/story/2012/04/18/f-taxseason-filing-taxes-living-abroad.html
Please shut up.
Questions of bona fide residence are determined on a case-by-case basis, taking into account such factors as your intention or the purpose of your trip and the nature and length of your stay abroad. You must show the Internal Revenue Service (IRS) that you have been a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year. The IRS decides whether you qualify as a bona fide resident of a foreign country largely on the basis of facts you report on Form 2555, Foreign Earned Income. The IRS cannot make this determination until you file Form 2555.
http://www.irs.gov/Individuals/International-Taxpayers/Foreign-Earned-Income-Exclusion---Bona-Fide-Residence-Test
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Bakes, the example I posted above regarding Canada completely blows your long-winded copy-and-pasted shady post out of the water. The link I posted does indeed show that Canadians would not be subject to foreign taxes if they are living and working abroad if they maintain no residences in Canada (and this rules applies to pretty much all other countries out there EXCEPT the US). Again...the assumption in my earlier statement is that the foreigner living abroad has MOVED completely abroad and has pretty much severed all ties with their country of birth. And again...I made the statement that I do not agree with the US policy of taxing a US citizen after have moved and from the US to another country to start a new life, basically severing ties with the US.
Anyway, your argument has been proven lacking...invalid...nonsensical...and frankly misinformed and dishonest. It's a shame that you cannot find the dignity and honour in admitting that u were wrong. There is no dishonour in admitting that you were wrong. Sometimes you need to man-up and put on your big-boy shorts, my friend.
There is no indignity or dishonour in admitting that you were wrong here, Bakes.
For as long as I've known you, you have been a master bluffer and shit talker. Always making yuhself out to be something that you're not. Now yuh working "in MLA" and have foreign corporations offshore... ::)
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Bakes, sorry I have to do this to you, but you left me no choice but to make-you-out and blow your spot:
France NON-resident citizens living overseas are NOT subject to French taxes.
FRANCE:
"Once you establish residency in France, you are taxed here on your world-wide income. Under French law, you are a resident in France for tax purposes if you meet any one of the following four conditions: Your permanent home (habitual home for you and/or your family) is in France. You spend most of your time in France (at least 183 days during a calendar year, or even less if you spend more time in France than in any other country). Your professional activity is in France. The centre of your economic or financial interest is in France."
http://www.expatica.com/fr/finance_business/tax/how-to-fill-out-a-dclaration-des-revenus-40172_11924.html
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Bakes, pardon me again eh, but I have to blow-up your spot YET AGAIN and expose you:
Spanish NON-resident citizens living abroad are not subject to Spanish taxes. In-fact, this reputable international tax website even mentions
the fact that the US is the ONLY COUNTY THAT TAXES IT's NON-RESIDENT CITIZENS WHO ARE LIVING ABROAD:
SPAIN:
WHO PAYS
There is a difference between being a Spanish resident for civil purposes (ie. by having a residence card) and being a resident for tax purposes. If you live in Spain for more than 182 days per year, you are automatically considered a Spanish resident for tax purposes.
This means you will be liable to pay income tax (Impuestos sobre la renta de las personal físicas, IRPF) on your worldwide income when you complete a declaration (Declaración de la Renta) during May or June the following year.
The current government is in the process of drawing up a new law on income tax, which will affect tax declarations from 2007. At the moment, Personal Income Tax starts at 15 percent and rises to 45 percent. It is a direct tax levied on the income of individuals, minus the expenses deductible according to Spanish law. At present if you earn less than EUR 22,000 you do not have to fill in an income tax return.
Non-residents Income Tax (IRNR) is calculated according to any income derived in Spain, including a money deposit with a Spanish bank, a property in Spain or income made from any business in Spain. The United States, however, is the only country that taxes its non-resident citizens on income earned abroad.
Residents are taxed on their worldwide income. But you may deduct income tax paid in your home country to avoid double taxation.
http://www.expatica.com/es/finance_business/tax/Tax-in-Spain_15681.html
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Bakes...I'm patiently waiting for you to admit that you were wrong.
I've provided CLEAR and CONCRETE evidence that the USA is the ONLY country in the world that levies taxes on NON-RESIDENT US CITIZENS living and earning money abroad.
Again...the key word is NON-RESIDENT US CITIZENS...in other words US Citizens who have indeed still maintained their citizenship status, but have severed residency ties to the US. The US still taxes this class of individual.
A reputable source I shared with you even mentions this.
It's time you man-up bro, and admit that you have no clue what you were talking about, and that you were wrong. It's no scenes...you could come back and be right on another topic one day a long long time from now in a galaxy far far away. heh heh heh heh heh
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You eh blowing up no spot fella... but keep trying. The US has the same exemption for people who qualify as bonafide foreign residents. In your haste and glee to self-masturbate yuh apparently missed that. MANY countries, not just the US, require you to pay taxes on income earned outside the US. MANY countries, including the US, grants an exemption if you qualify as a bonafide foreign resident.
I fully expect some bullshit, half-hearted, poorly-reasoned smoke and mirror argument in response. An argument you will be having by yourself.
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Blowing up your spot yet again, Bakes. Just admit that you're wrong. That long list you copy and pasted and provided as evidence that ALL countries tax their NON-RESIDENT citizens is being RESOUNDINGLY proven to be a bunch of BS. My friend, YOU are the one who put that post out there for the world to see...remember that. YOU are the one who posted invalid incorrect jokey info, and presented it as fact.
Bakes, you brutally murdered your case.
Anyway...back to me dismantling you here:
ITALY
"Who is liable?
Tax residents of Italy are subject to tax on their worldwide income. Individuals who are not tax
resident in Italy are subject to tax on their Italian-source income only.Residence status for tax purposes
An individual is considered resident for income tax purposes if, for the greater part of the tax year, he
or she satisfies any of the following conditions:
His or her habitual abode is in Italy.
The centre of his or her vital interests is located in Italy.
He or she is registered at the Office of Records of the Resident Population in Italy.
Italian citizens who move their residence for tax purposes to countries considered to be tax havens
(“black list” countries) are deemed to be tax resident in Italy in all cases, unless they provide specific
evidence of their non-resident status."
[Bakes, please note that the last point on this quote deals with if the Italian citizen is trying to pull a smart-man move by still living in Italy, but on paper claiming to have a foreign address...however once the claim of foreign residency is proven true, then the Italian NON-RESIDENT is not subject to Italian taxes].
http://www.expat.hsbc.com/1/PA_ES_Content_Mgmt/content/hsbc_expat/pdf/en/global_tax_navigator/leaving_italy.pdf
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Bakes, I feel guilty for exposing you and basically abusing you here on your own forum, bredaman. People will probably be looking to call the police on me up in here...hahahahaha
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Bakes...LOOK OUT! Ah proving you wrong too on de German example you gave in that false dishonest post earlier, that you wrongly claimed was fact...hahahahahahaha
GERMANY:
Who is liable?
Individuals are subject to tax on their worldwide income if they meet either of the following conditions:
• They have a domicile in Germany for their personal use.
• They have a “customary place of abode” in Germany. This means that they are present in
Germany for an uninterrupted period of 6 months that may fall in 2 calendar years.
The citizenship of a taxpayer usually is not a consideration in determining residency. However, under
the provisions of certain tax treaties entered into by Germany, citizenship may be one of the factors to
consider if a taxpayer qualifies as a resident under the domestic laws of both Germany and the other
treaty country. Individuals not resident in Germany are generally subject to tax on income derived
from German sources only.
Non-residents may elect to be treated as residents if either their income subject to German taxation
amounts to 90% or more of their worldwide income or their income not subject to German taxation
does not exceed the amount of €8,004 per calendar year. This provision allows non-residents to file
German income tax returns like residents and to claim all deductions and allowances normally
granted to residents.
[Bakes, please note that the last paragraph here states that German NON-RESIDENT Citizens may opt to pay German taxes if they elect to do so...however, it is not something that the German Government demands as mandatory...it's all up to the Non-Resident Citizen. Again, the US is the ONLY country that mandates that NON-RESIDENT US Citizens file, report, and pay taxes if living abroad].
http://www.expat.hsbc.com/1/PA_ES_Content_Mgmt/content/hsbc_expat/pdf/en/global_tax_navigator/leaving_germany.pdf
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Bakes, at this point I'm honestly feeling sorry for you, bredaman. I don't like making a fool of people...it does absolutely nothing for OutsideMan's ego.
I'm honestly trying to leave you with a shred of dignity. But I want you to be honest with all here (who care about the truth), and ADMIT that you were wrong as you were clearly and resoundingly proven to be.
You might be wrong, but at least you'll finally earn at least some semblance of respect. Consider that an olive branch.
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Bakes, as an FYI...the Japan example that you gave is also completely incorrect. Japanese Non-Resident Japanese Citizens living abroad are not subject to Japanese taxes.
Again, the USA is the only country that levies taxes on it's NON-RESIDENT Citizens living abroad:
JAPAN:
Income Tax
Income tax is paid annually on income earned during a calendar year.
For tax purposes, people living in Japan are classified into three categories. This categorization is not related to visa types:
NON-RESIDENT
A person who has lived in Japan for less than one year and does not have his primary base of living in Japan. Non-residents pay taxes only on income from sources in Japan, but not on income from abroad.
NON-PERMANENT RESIDENT
A person who has lived in Japan for less than five years, but has no intention of living in Japan permanently. Non-permanent residents pay taxes on all income except on income from abroad that does not get sent to Japan.
PERMANENT RESIDENT
A person who has either lived in Japan for at least five years or has the intention of staying in Japan permanently. Permanent residents pay taxes on all income from Japan and abroad.
http://www.japan-guide.com/e/e2206.html
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Bakes, the example I posted above regarding Canada completely blows your long-winded copy-and-pasted shady post out of the water. The link I posted does indeed show that Canadians would not be subject to foreign taxes if they are living and working abroad if they maintain no residences in Canada (and this rules applies to pretty much all other countries out there EXCEPT the US). Again...the assumption in my earlier statement is that the foreigner living abroad has MOVED completely abroad and has pretty much severed all ties with their country of birth. And again...I made the statement that I do not agree with the US policy of taxing a US citizen after have moved and from the US to another country to start a new life, basically severing ties with the US.
Anyway, your argument has been proven lacking...invalid...nonsensical...and frankly misinformed and dishonest. It's a shame that you cannot find the dignity and honour in admitting that u were wrong. There is no dishonour in admitting that you were wrong. Sometimes you need to man-up and put on your big-boy shorts, my friend.
There is no indignity or dishonour in admitting that you were wrong here, Bakes.
For as long as I've known you, you have been a master bluffer and shit talker. Always making yuhself out to be something that you're not. Now yuh working "in MLA" and have foreign corporations offshore... ::)
Buh wait nah...how come I missed this lil' jab you posted at me???
So now you're claiming to KNOW ME??? :rotfl:
Bredaman, check this out: I've been subject to this kind of jealously before from my own people, so how about you and I make a deal where you can forget where I said that I 'WORKED' in AML and currently own a couple of Offshore LLCs, and instead you can pretend that I told you that I'm uneducated, homeless, jobless, desperate, and living under a bridge somewhere, if that will make you feel much better about yourself. ;) :beermug:
Would that work for you? Do you feel better about yourself now??? Is the 'jealous' exorcised from you??? You want me to add some more Charles Dickens character type of desperation to my story to ease your lil' bro-envy??? Lemme' know and I will make sure and throw in some tales of struggle and plight just to make you feel better about yourself.
You can't win a 'debate' on content, so you attempt to attack the character of the person who soundly beat your ass in this lil' debate.
Shows how small your are.
Rats in a cage. Crabs in a barrel. ;)
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Secret money transfers
By JADA LOUTOO
Wednesday, August 14 2013
The AMERICAN owner of the Island Club Casino in Grand Bazaar, who is on tax evasion charges in the United States (US), has other business interests in Trinidad and according to persons who have worked for him “everything is in a mess.”
On Monday, David Migliore, 50, of Brielle, New Jersey, appeared before a federal court in Newark, charged with using a series of shell companies to secretly transfer income from the casino, located at Grand Bazaar, Valsayn, into accounts he controlled to pay for his personal expenses in New Jersey and elsewhere. It is alleged that he failed to pay income taxes on US$3.9 million in casino profits.
Migliore also owns La Soufriere Maritime Inc, a marine services company located in Chaguaramas which is also listed among the firms named in the US indictment.
Contacted yesterday, an employee said he knew nothing about the charges against Migliore in the United States (US) and while the New Jersey man was still the owner of La Soufriere, he had not spoken to him in three years.
“They left everything in a mess. I cannot help you with anything,” the employee said. He refused to elaborate.
Norman Sabga, chairman and CEO of the Ansa McAl Group of Companies, which includes Grand Bazaar, yesterday said he first learnt of the story involving Migliore through newspaper reports.
“I suppose that’s his issue,” Sabga said. “I mean, we’re just landlords. As far as I know they (Island Club Casino) are very good tenants. They pay their rent. I don’t know the gentleman but it just goes to show you how efficient the law authorities are in the United States of America.”
Migliore turned himself into special agents of the Internal Revenue Service (IRS) on Monday, hours before his court appearance before US Magistrate Judge Mark Falk.
Tax evasion is not the only legal challenge facing the Island Club Casino owner, as he is facing cocaine and other drug related charges, also in the US.
According to media reports in the US, Migliore was arrested in January on charges of possession of cocaine, possession of cocaine with intent to distribute it, possession of cocaine with intent to distribute it within 500 feet of a park, possession of oxycodone and possession of drug paraphernalia.
Assistant US Attorney Zahid Quraishi said Migliore was indicted on three counts of tax evasion and three counts of willfully failing to file personal tax returns.
He was released on US$1 million bond secured by two properties and ordered to submit to electronic monitoring.
Migliore, according to the report in the Star Ledger, was described by his attorney as a business consultant. He owned the Island Club Casino and also held a number of limited liability corporations registered in New Jersey, including Brielle Investment LLC, Brielle Investments & Management Co LLC, and La Soufriere Maritime Inc.
According to the US Attorney’s Office, Migliore used bank accounts in the US in the name of his business entities to pay his expenses. He also had casino employees wire him money through Western Union.
According to the US indictment, the Island Club Casino paid its owner more than US$3.9 million, but federal law enforcement authorities said he tried to hide that from the tax man.
Between 2009 and 2011, prosecutors said he failed to file personal tax returns on this income, resulting in a US$1 million loss to the IRS.
His attorney, Robert Weir of Red Bank, did not discuss the charges, but said Migliore was a “self-made man” who had done consulting for the casino before buying it outright. He owned the Island Club Casino for ten years, but no longer holds an interest, said Weir.
Attempts by Newsday to speak with Island Club Casino manager Abbas Khaladi were again futile as it was said he was not at the office each time calls were placed to the casino.
According to a former employee at the Island Club Casino, Migliore was hardly ever in Trinidad and all they were told was that he “had some immigration challenges”.
“He would come once per year and has hardly been around for a few years,” the former casino worker said.
Minister of Finance Larry Howai told the media yesterday that he was not in a position to comment on the Migliore investigations in the US, saying the work of the Board of Inland Revenue Criminal Tax Investigation Unit remained confidential.
He also would not say if the local authorities were aware of the US investigation or if they cooperated with their counterparts in the US.
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Flex --- From this new article and from the one posted yesterday, David Migliore's main 'mistake' was not filing and paying US taxes once the funds were wired to his personal accounts from his US based LLC accounts.
Once he transferred the funds he made from the casinos in T&T, to his PERSONAL bank account (regardless of the account being in the US or abroad), then the US IRS demands their cut of the action.
Though not entirely 'legal' in the eyes of the US IRS, if he had instead kept the funds offshore and domiciled in bank accounts under the corporate/LLC name (instead of his actual individual name), and made all purchases in the corporate name in which he acted simply as an "employee", then he may have avoided the greedy hands of the US IRS. But his error was that he transferred those funds from the bank account belonging to the LLC, and then transferred it to his personal bank account without filing paying taxes. Additionally, when the funds were transferred initially to the US based LLCs from his overseas based LLCs,he may not have had his US based LLCs file taxes.
As he his the owner/president/CEO of his US based LLCs, then the IRS would've come down hard on him for not having those US LLCs pay taxes. Moral of story: If you own casinos in T&T, and you don't want to pay US taxes, then DON'T move funds from those T&T operations to your da#n personal banks accounts. ;D :beermug:
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Bakes, the example I posted above regarding Canada completely blows your long-winded copy-and-pasted shady post out of the water. The link I posted does indeed show that Canadians would not be subject to foreign taxes if they are living and working abroad if they maintain no residences in Canada (and this rules applies to pretty much all other countries out there EXCEPT the US). Again...the assumption in my earlier statement is that the foreigner living abroad has MOVED completely abroad and has pretty much severed all ties with their country of birth. And again...I made the statement that I do not agree with the US policy of taxing a US citizen after have moved and from the US to another country to start a new life, basically severing ties with the US.
Anyway, your argument has been proven lacking...invalid...nonsensical...and frankly misinformed and dishonest. It's a shame that you cannot find the dignity and honour in admitting that u were wrong. There is no dishonour in admitting that you were wrong. Sometimes you need to man-up and put on your big-boy shorts, my friend.
There is no indignity or dishonour in admitting that you were wrong here, Bakes.
For as long as I've known you, you have been a master bluffer and shit talker. Always making yuhself out to be something that you're not. Now yuh working "in MLA" and have foreign corporations offshore... ::)
Buh wait nah...how come I missed this lil' jab you posted at me???
So now you're claiming to KNOW ME??? :rotfl:
Bredaman, check this out: I've been subject to this kind of jealously before from my own people, so how about you and I make a deal where you can forget where I said that I 'WORKED' in AML and currently own a couple of Offshore LLCs, and instead you can pretend that I told you that I'm uneducated, homeless, jobless, desperate, and living under a bridge somewhere, if that will make you feel much better about yourself. ;) :beermug:
Would that work for you? Do you feel better about yourself now??? Is the 'jealous' exorcised from you??? You want me to add some more Charles Dickens character type of desperation to my story to ease your lil' bro-envy??? Lemme' know and I will make sure and throw in some tales of struggle and plight just to make you feel better about yourself.
You can't win a 'debate' on content, so you attempt to attack the character of the person who soundly beat your ass in this lil' debate.
Shows how small your are.
Rats in a cage. Crabs in a barrel. ;)
I have not read all the posts between you 2 but I know for a fact that UK citizens working abroad are subject to income tax once they spend more than a total of 90 calendar days back in the UK per year.
So for instance the guys I work with who are on rotation most of them own property in Spain or Turkey and they would go there to avoid the tax
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Bakes, the example I posted above regarding Canada completely blows your long-winded copy-and-pasted shady post out of the water. The link I posted does indeed show that Canadians would not be subject to foreign taxes if they are living and working abroad if they maintain no residences in Canada (and this rules applies to pretty much all other countries out there EXCEPT the US). Again...the assumption in my earlier statement is that the foreigner living abroad has MOVED completely abroad and has pretty much severed all ties with their country of birth. And again...I made the statement that I do not agree with the US policy of taxing a US citizen after have moved and from the US to another country to start a new life, basically severing ties with the US.
Anyway, your argument has been proven lacking...invalid...nonsensical...and frankly misinformed and dishonest. It's a shame that you cannot find the dignity and honour in admitting that u were wrong. There is no dishonour in admitting that you were wrong. Sometimes you need to man-up and put on your big-boy shorts, my friend.
There is no indignity or dishonour in admitting that you were wrong here, Bakes.
For as long as I've known you, you have been a master bluffer and shit talker. Always making yuhself out to be something that you're not. Now yuh working "in MLA" and have foreign corporations offshore... ::)
Buh wait nah...how come I missed this lil' jab you posted at me???
So now you're claiming to KNOW ME??? :rotfl:
Bredaman, check this out: I've been subject to this kind of jealously before from my own people, so how about you and I make a deal where you can forget where I said that I 'WORKED' in AML and currently own a couple of Offshore LLCs, and instead you can pretend that I told you that I'm uneducated, homeless, jobless, desperate, and living under a bridge somewhere, if that will make you feel much better about yourself. ;) :beermug:
Would that work for you? Do you feel better about yourself now??? Is the 'jealous' exorcised from you??? You want me to add some more Charles Dickens character type of desperation to my story to ease your lil' bro-envy??? Lemme' know and I will make sure and throw in some tales of struggle and plight just to make you feel better about yourself.
You can't win a 'debate' on content, so you attempt to attack the character of the person who soundly beat your ass in this lil' debate.
Shows how small your are.
Rats in a cage. Crabs in a barrel. ;)
I have not read all the posts between you 2 but I know for a fact that UK citizens working abroad are subject to income tax once they spend more than a total of 90 calendar days back in the UK per year.
So for instance the guys I work with who are on rotation most of them own property in Spain or Turkey and they would go there to avoid the tax
fish's --- This is true if (and only IF) the UK Citizen fails to meet certain criteria that makes them eligible to be considered Non-Resident UK Citizens. If the UK Citizen living and working abroad still maintains ties with the UK (owns a house; wife & kids still living there; stays in the UK for a certain period of time during the calendar year; receiving certain government benefits etc), then they would indeed be subject to UK taxation.
If however they has severed residential ties with the UK, and are living overseas, then they will not be subject to UK taxation on the income earned abroad.
The US is the only country that mandates that ALL Non-Resident US Citizens living abroad still report, files, and possibly pay US taxes.
Btw, here's a link which also supports what I state about UK's Non-Resident Tax policy. (Your friend would be subject to the tax since they still maintain UK residency, as per how the UK defines residency...however, if they qualified for true UK Non-Resident status, then they don't pay UK taxes):
http://www.lowtax.net/lowtax/html/offon/uk/uktax.html
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fishs --- Btw, thanks for posting that comment about your friend in the UK. This what I've been trying to explain to Bakes, but he seems to be totally lost here, and just arguing to save face or something. :beermug:
I'm glad that someone else also stated (and inferred) that other countries will not tax their citizens if they meet certain criteria which makes them Non-Resident Citizens, obviously living and earning funds abroad. I'm glad you also inferred that your friend in the UK, would not be subject to UK taxes if he or she spent less than 90 calendar days in the UK per year. :beermug:
Bakes does not seem to understand the concept that the USA is the only nation that does not care if the Non-Resident US citizen living abroad NEVER visits and never sets foot on US soil for 50 years or 100 year. That Non-Resident US citizen would STILL be subject to the US IRS.
This simple concept that ONE particular person on this forum seem not to be able comprehend, is what this senseless debate has been about.
*Bleh* :rotfl:
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Flex --- From this new article and from the one posted yesterday, David Migliore's main 'mistake' was not filing and paying US taxes once the funds were wired to his personal accounts from his US based LLC accounts.
I would argue it was the cocaine. That arrest is probably what set off the broader investigation into his affairs. Of course the co-mingling of funds is the red flag for the IRS.
The lesson here kids is to stay away from drugs.
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Flex --- From this new article and from the one posted yesterday, David Migliore's main 'mistake' was not filing and paying US taxes once the funds were wired to his personal accounts from his US based LLC accounts.
I would argue it was the cocaine. That arrest is probably what set off the broader investigation into his affairs. Of course the co-mingling of funds is the red flag for the IRS.
The lesson here kids is to stay away from drugs.
grimm01 --- True talk...I think you may very well be right on that. It could indeed be the case if the amount of cocaine quantity was large enough to warrant a closer look at his finances.
But playing Devil's advocate, if it was a first offense charge where the quantity was a relatively small amount though still sufficient enough make an "attempt to distribute" case against him, I would be surprised if they were making this tax evasion case against him as the main charge due to the "first-time" drug offense assumption.
Ah have a nagging suspicion that there is probably much more to this particular story; it could be one where the Feds have been tracking his movements for a while now in relation to larger-scale drug trafficking, and where they probably view him as a large figure in a fairly bigger drug operation. In that case, the tax evasion charges could just be a 'smokescreen' of sorts while they build their main case against him.
But that's just me speculating, so I could be wrong. :beermug:
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Imbert: Cheating at betting is now a crime
By SEAN DOUGLAS (NEWSDAY).
CHEATING at gambling is to be deemed a criminal offence under a new law, Finance Minister Colm Imbert told the House of Representatives on Friday. He was moving a motion for the House to adopt the report of the Joint Select Committee on the Gambling (Gaming and Betting) Control Bill 2016.
He justified the censure by saying cheating at gambling can undermine the local gaming sector. Imbert read out other acts banned by the law, such as bringing a gun onto gambling premises. He justified the restrictions as being needed for gambling to occur in an environment that is “fair, honest and free of criminality.” He said the Government had gone beyond the normal requirements in interrogating the bill, yet unnamed individuals had sought to drag out and delay the JSC’s work.
“A comprehensive examination of legislation was overdue for 20 years,” Imbert said. “I can’t see any reason, unless there is some motive, for members opposite not to support the bill. In an aside, he said the definition of betting under the bill has been expanded from wagers on traditional animal sports to include novel wagers such as betting on the world price of oil. “The gambling and betting industry will be regulated properly for the first time.”
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Gambling revenue to help addicts
T&T Guardian Reports.
Proposed legislation to regulate the gambling and gaming industry will require operators to contribute a percentage of their revenue to two funds to help gambling addicts and develop various sectors.
Finance Minister Colm Imbert spoke about the provision, which is among the 90 clauses in the proposed Bill to regulate the sector during debate in Parliament on a report from a Joint Select Committee which had examined the legislation since 2018.
“This Bill has had a long, tortuous history,” Imbert said, noting that the law had been in the works since 1989.
He said international experts had told him T&T was the only country with such a large unregulated gambling and gaming sector. He also revealed that JSC deliberations on the Bill had involved many stakeholders, from casino personnel to police, and had been fine-tuned with international experts. He added that Government had “bent over backwards” on the matter but one JSC member had dragged out the deliberations.
Imbert said he couldn’t contemplate, after four years of work on the long-overdue Bill, the Opposition not supporting it “unless they had a motive.” He said the Bill was the same one from the People’s Partnership Government.
Opposition leader Kamla Persad-Bissessar interjected: “It’s not the same Bill.”
Among provisions, Imbert noted, industry operators would have to contribute two funds to assist addicts, NGOs and with development of local sectors including health, sports and communities.
Imbert said there might also be legitimate concerns about allowing casinos in residential areas.
Other clauses in the Bill expand the betting definition to include betting on the oil price and other situations. Cheating is covered by and some clauses pertain to a Commission to govern the sector.
Citing the volume of licenses in the legislation, Imbert said “if and when” it is passed the bill will properly regulate the sector. However, it will have to be passed first and regulations for the sector dealt with after.
Opposition MP Rudy Indarsingh accused Imbert of being disingenuous by accusing JSC members of “dragging out” deliberations.
He said Imbert himself had said that the JSC lacked experts and as such much examination was needed.
Indarsingh noted that the gaming industry employs 20,000 people with 75 per cent being women, including single mothers. He read the testimony of Ayanna Francis, of Laventille, on how her job assisted her family.
Also yesterday, Public Utilities Minister Robert Le Hunte said plans for improving the water supply to Tableland and other areas is being examined. He couldn’t give a definite timeline for improvements to Tableland which he admitted had been getting water only once a week for a “long time”. The minister said the improvements will cost $70 million.
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Imbert: Cheating at betting is now a crime
By SEAN DOUGLAS (NEWSDAY).
CHEATING at gambling is to be deemed a criminal offence under a new law, Finance Minister Colm Imbert told the House of Representatives on Friday. He was moving a motion for the House to adopt the report of the Joint Select Committee on the Gambling (Gaming and Betting) Control Bill 2016.
He justified the censure by saying cheating at gambling can undermine the local gaming sector. Imbert read out other acts banned by the law, such as bringing a gun onto gambling premises. He justified the restrictions as being needed for gambling to occur in an environment that is “fair, honest and free of criminality.” He said the Government had gone beyond the normal requirements in interrogating the bill, yet unnamed individuals had sought to drag out and delay the JSC’s work.
“A comprehensive examination of legislation was overdue for 20 years,” Imbert said. “I can’t see any reason, unless there is some motive, for members opposite not to support the bill. In an aside, he said the definition of betting under the bill has been expanded from wagers on traditional animal sports to include novel wagers such as betting on the world price of oil. “The gambling and betting industry will be regulated properly for the first time.”
Is only now that is a crime. Joke f--king Republic.