FATCA and the Taiwan post office

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FATCA and the Taiwan post office

Postby Zla'od » 12 May 2012, 07:51

Apparently banks throughout the world are being pressured, under the Foreign Account Tax Compliance Act, to report the accounts of U.S. citizens to the IRS, and in certain cases, withhold monies from them. I am curious as to how this will apply to Taiwan's post office, which provides low-level banking services. Does anybody know?
"The verbs used in the most important Pali Suttas on mindfulness – the Satipaṭṭhāna and Mahā-Satipaṭṭhāna Suttas (M no. and D no. respectively) – are assasati and passasati, i.e.’ inhale’ and ‘exhale’. The same verbs are used in the Kāyagatāsati Sutta and Ānāpānasati Sutta (M no. 118 and 119 respectively). Although the Ānāpānasati Sutta uses the nouns āna and apāna in its title, it reverts to assasati and passasati in the discourse itself. The author of this article should try reading the Pali texts cited rather than drawing inferences from the title of a single text. Had he done so, he would see that the Pali texts prescribe no such thing as farting meditation." --"Mr. Dangle," responding to Eisel Mazard on New Mandala
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Re: FATCA and the Taiwan post office

Postby JeffG » 05 Jan 2013, 22:03

That's a great question that I would love to have an answer to also.

In the meantime there is a petition just created here: https://petitions.whitehouse.gov/petition/change-us-tax-law-citizenship-based-law-residence-based-law/b6v4xfpV to try to get the goverment to tax via residence based rather than citizen based. Please spread this as they have to get 25,000 signatures to even hope for a response from the government.
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ATTN: American Citizens living in Taiwan, please support American Citizens Abroad - ACA http://www.americansabroad.org/

Americans living in Taiwan write to your senators and representatives and ask them to repeal FATCA and support residency based taxation (RBT) for Americans living abroad!

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