yota691 Posted February 5, 2015 Report Share Posted February 5, 2015 Finance Minister Looking tax compliance with America 05/02/2015 18:46:00 Finance Minister Looking tax compliance with America Chaired by Finance Minister Hoshyar Zebari on 05.02.2015, in the office of the ministry held a meeting with bank managers and insurance companies and general manager of the Tax Authority in the Ministry of Finance and the Director General of the Iraqi Commercial Bank. During the meeting, discussion of tax compliance with the United States of America Agreement (Vta), which concluded between the United States and most countries and related tax compliance calculations foreign to provide tax information on people who hold US citizenship. It is due to the central bank to submit draft legislation between Iraq and the United States about the law for submission to Parliament in the coming period to decide before the fifteenth September 2015.PUKmedia 2 Link to comment Share on other sites More sharing options...
waterman13 Posted February 5, 2015 Report Share Posted February 5, 2015 Hummm, the long reaching arm of the IRS. Wm13 2 Link to comment Share on other sites More sharing options...
DWitte Posted February 5, 2015 Report Share Posted February 5, 2015 Is the US looking for its share of an RV to collect from anything that gets paid out directly from the CBI? Although I know All the money will come from them in the end. Link to comment Share on other sites More sharing options...
moneysoon Posted February 5, 2015 Report Share Posted February 5, 2015 Well, Well, this is QUITE Telling.... 1 Link to comment Share on other sites More sharing options...
unirod Posted February 5, 2015 Report Share Posted February 5, 2015 Vote against tax compliance with the USA Iraq !!!!! Link to comment Share on other sites More sharing options...
happygilmore Posted February 5, 2015 Report Share Posted February 5, 2015 Hum, September 2015........If this is true I don't think we'll see anything before then. Link to comment Share on other sites More sharing options...
2fast4u2c Posted February 5, 2015 Report Share Posted February 5, 2015 Exactly^^^^^^ Link to comment Share on other sites More sharing options...
unirod Posted February 5, 2015 Report Share Posted February 5, 2015 Banks worldwide are refusing to be IRS tax compliant. They are finding it too expensive to foot the bill in providing information to the IRS. So they are refusing USA citizens as depositors. You can bet the CBI is looking at the economic pros and cons to being a tax collector for the IRS.....IMO Link to comment Share on other sites More sharing options...
Brinx65 Posted February 5, 2015 Report Share Posted February 5, 2015 related tax compliance calculations foreign to provide tax information on people who hold US citizenship. I read this as it talking about U.S. Citizens that are living abroad (Iraq). They are not asking for tax compliance for every U.S. citizen living in the U.S. Why would they do that? Makes no sense. I don't think this pertains to anyone living outside of Iraq. ( JMO) 3 Link to comment Share on other sites More sharing options...
"Fred" Posted February 5, 2015 Report Share Posted February 5, 2015 Banks worldwide are refusing to be IRS tax compliant. They are finding it too expensive to foot the bill in providing information to the IRS. So they are refusing USA citizens as depositors. You can bet the CBI is looking at the economic pros and cons to being a tax collector for the IRS.....IMO Just make sure you have enough dinar to compensate for the loss to uncle Sam just in case there is one. if the IRS is looking for me i'll be on a tropical island south of here,in Adam we trust. thank you sir 1 Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted February 5, 2015 Report Share Posted February 5, 2015 Hum, September 2015........If this is true I don't think we'll see anything before then. I was wondering if anyone else caught that. Link to comment Share on other sites More sharing options...
zul Posted February 5, 2015 Report Share Posted February 5, 2015 Smells like FATCA. The *Foreign Account Tax Compliance Act* (*FATCA*) is a United States federal law that requires United States persons , including individuals who live outside the United States , to report their financial accounts held outside of the United States, and requires foreign financial institutions to report to the Internal Revenue Service (IRS) about their U.S. clients. Congress enacted FATCA to make it more difficult for U.S. taxpayers to conceal assets held in offshore accounts and shell corporations, and thus to recoup federal tax revenues 2 Link to comment Share on other sites More sharing options...
Freedomwish Posted February 5, 2015 Report Share Posted February 5, 2015 September 2015......that's not a good sign for expecting the RV to hit soon as we've been anticipating lately.....or even this year for the matter Link to comment Share on other sites More sharing options...
nannab Posted February 5, 2015 Report Share Posted February 5, 2015 Read Adam's OSI section. Your name is not associated with THE IBC. As Adam has stated countries do not do business with private citizens as a rule. He has us covered. Link to comment Share on other sites More sharing options...
yota691 Posted February 5, 2015 Author Report Share Posted February 5, 2015 Ministry of Finance to discuss the tax compliance with the United States, and the draft law have agreementThursday February 5, 2015 22:27 [baghdad-where] Examined the Ministry of Finance, the tax compliance with the United States and the draft legislation and its legal submission next month before the September agreement. According to a ministry statement received by all of Iraq [where] Tschh him to "Finance Minister Hoshyar Zebari, presided over today, in the office of the ministry held a meeting with bank managers and insurance companies and general manager of the Tax Authority in the Ministry of Finance and the Director General of the Iraqi Commercial Bank." The statement added that "During the meeting, discussion of tax compliance with US agreement [Vta] and concluded between the United States and most countries and related tax compliance for foreign accounts to provide tax information on people who hold US citizenship." The statement pointed out that "It is due to the central bank to submit draft legislation between Iraq and the United States about the law for submission to Parliament in the coming period for a decision before September 15 of the next" .anthy Link to comment Share on other sites More sharing options...
gymrat76541 Posted February 5, 2015 Report Share Posted February 5, 2015 Banks worldwide are refusing to be IRS tax compliant. They are finding it too expensive to foot the bill in providing information to the IRS. So they are refusing USA citizens as depositors. You can bet the CBI is looking at the economic pros and cons to being a tax collector for the IRS.....IMO Believe that IF you want too! America is tired of the rich hiding their assets overseas! Not paying their fair share of the taxes! My opinion - low lifes! Iraq will comply! As do 99% of the countries worldwide! Why? Because the US sends aid to almost every nation! That is why so many rich folks are giving up their US citizenship in record number! 2 2 Link to comment Share on other sites More sharing options...
TrinityeXchange Posted February 5, 2015 Report Share Posted February 5, 2015 this is exactly why Adam has researched the best country to register dual citizenship with and Iraq was not one. people like me who are invested in the isx AND a citizen will have our accounts reported to the great uncle. it is unfortunate that some countries will roll over and deliver up such account information while other countries don't bat an eye. i only wish i had the kind of money to purchase dual citizenship and protects my assets from the far reaching arm of the irs. 1 Link to comment Share on other sites More sharing options...
cottn68 Posted February 5, 2015 Report Share Posted February 5, 2015 Believe that IF you want too! America is tired of the rich hiding their assets overseas! Not paying their fair share of the taxes! My opinion - low lifes! Iraq will comply! As do 99% of the countries worldwide! Why? Because the US sends aid to almost every nation! That is why so many rich folks are giving up their US citizenship in record number! Hog Wash!If America is sick of anything IMO its being taxed at one of, if not the highest corp.tax rates in the world! 3 Link to comment Share on other sites More sharing options...
gymrat76541 Posted February 5, 2015 Report Share Posted February 5, 2015 this is exactly why Adam has researched the best country to register dual citizenship with and Iraq was not one. people like me who are invested in the isx AND a citizen will have our accounts reported to the great uncle. it is unfortunate that some countries will roll over and deliver up such account information while other countries don't bat an eye. i only wish i had the kind of money to purchase dual citizenship and protects my assets from the far reaching arm of the irs. Adam is smart. He is providing legal ways of paying the lowest rate on taxes by sheltering your assets! There is nothing wrong with that! It's actually wise to do so. There is big difference between paying your fair share at the lowest rate & attempting a avoid paying taxes by hiding your wealth. 1 Link to comment Share on other sites More sharing options...
ChuckFinley Posted February 5, 2015 Report Share Posted February 5, 2015 We are looking at this from two different view points: 1. FACTA is for individuals. It is hurting Americans living overseas. This group, American Citizen Abroad - https://americansabroad.org Is trying to change the tax code from citizen based to residence based. 2. Compnay - IBC: If you have not looked into this you need to, see Adam post. A company can send funds back to a U.S. company. It is then taxed based on your corperate structure. If you are a IBC, FACTA is not a concern. The best thing to do is read Adam's post. He is way ahead of the game here. 1 Link to comment Share on other sites More sharing options...
Calijim1 Posted February 5, 2015 Report Share Posted February 5, 2015 I myself don't mind paying my taxes... With that being said I would not mind paying 10 million in taxes.... Before you go off on me, just imagine what I would be making to have a tax bill that big.. 1 Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted February 5, 2015 Report Share Posted February 5, 2015 I myself don't mind paying my taxes... With that being said I would not mind paying 10 million in taxes.... Before you go off on me, just imagine what I would be making to have a tax bill that big.. With our resident Muslim, OBUMMMMMMMER'S, at the helm, One million. 3 1 Link to comment Share on other sites More sharing options...
wbuse984 Posted February 6, 2015 Report Share Posted February 6, 2015 This will have not bearing on RV of the currency (i.e. 2015 date)...I do not think the USA can say something like "wait to RV there CBI until we can screw our citizens" ...besides, the Government can screw us anyways ...think I need to join OSI now... Link to comment Share on other sites More sharing options...
unirod Posted February 6, 2015 Report Share Posted February 6, 2015 If all the eligible tax payors in this country were taxed at 150% of their income, it still would not be enough money to even pay the interest on the national debt. So it's B/S propaganda to believe that we need to pay our fair share of taxes! what is fair share? our government is sending our money down the crapper every minute of every day! Link to comment Share on other sites More sharing options...
gregp Posted February 6, 2015 Report Share Posted February 6, 2015 I was wondering if anyone else caught that. Yes I did. Obummer at his best. Link to comment Share on other sites More sharing options...
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