The Panama Papers and kerfuffle about Trump make me worry that we will (again) legislate based on feelings like "losses are nonsense!"
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Replying to @patio11
FACTA and related legislation are supposed to stop abusive tax shelters in the Caymans but actually just make life hard for expats.
2 replies 2 retweets 11 likes -
Replying to @patio11
I do not look forward to "Carrying forward a loss, hmm? Trying to play the trump card, hmm? We've got Rules about that now."
3 replies 3 retweets 18 likes -
Replying to @patio11
Not like the old rules, which were drafted by accountants; the new Rules will be drafted by what sounds best in a press release.
2 replies 1 retweet 21 likes -
Replying to @patio11
How does one stop abusive shelters while not making expat life harder?
1 reply 0 retweets 2 likes
Replying to @mallyvai
Police the actual behavior which one wants to stop, which is tax evasion, not "keeping money/accounts outside the US."
9:17 PM - 2 Oct 2016
from Meguro-ku, Tokyo
0 replies
0 retweets
3 likes
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