I really question his wife. How she could allow Biden to run for President when she knew his mental state unless she is in the same category? I feel sorry for him because he is just a patsy as was Lee Harvey Oswald. He is not the one making these decisions. He just reads the cue cards and signs whatever they put in front of him.
QUESTION:
Hi Marty,
Please help as I invest in mostly ETFs from Australia.
I was getting USD exposure but now looks to be ending by Jan 1st, 2023.
I was Informed 2 days ago.
Could you do a post about this and any potential workarounds as I’d take a guess a lot of International clients would have a similar issue.
The US Internal Revenue Service (“IRS”) has issued a new provision under Section 1446(f) of the Internal Revenue Code (“IRC”) that primarily impacts non-US Persons who invest in US PTP Securities. With effect from 1 January 2023, non-US Persons will incur a 10% withholding tax on gross proceeds from sales or trading of US PTP Securities.
Regards Dean
ANSWER: This is once again the Biden Administration hunting every possible dime it can find while handing endless billion to Zelensky who may be on track to become the richest corrupt politician in the entire world. This is the notice going out to all foreigners investing in the once land of the free and home of the brave which has been downgraded to the land of the absolute fools without the hill. One bank has sent this to their clients trading in US ETFs.
Dear Customer,
Withholding Tax of 10% – Publicly Traded Partnership Interest (PTPs)
With effect from 1 January 2023, a 10% withholding will be imposed on sales and certain distributions associated with PTPs or exchange traded funds (ETFs).
PTPs trade like stocks on major U.S. and global exchanges and are often indistinguishable from equities, ETFs and other commonly traded instruments. It is critical that you understand these tax implications when you hold such PTPs and you should seek the appropriate professional advice if you are unsure of the contents of this email.
Background:
The Internal Revenue Code Section 1446(f) issued by the US Internal Revenue Service imposes rules relating to withholding of tax on transfers of Publicly Traded Partnership Interest (PTPs) and will take effect on 1 January 2023. The new rules consist of the following:
· All PTPs, including non-U.S. PTPs, are subject to the new requirements if they have gains that are effectively connected with a trade or business within the United States.
· 10% withholding will be applied to sales and certain distributions associated with PTPs. (Please note that where there is any existing withholding tax being applied today, for example to other distributions, those will continue to be applied with no change/ no reduction)
Please visit _____ official website > Notices for more details.
If you have any further questions, please email us or call our Customer Service line.
Section 1446 (see link) is part of a segment of the Code that governs withholding on nonresident aliens and foreign corporations.
Section 1446 itself deals with withholding on foreign partners who have income that is effectively connected with the US through a partnership. Section 1446(f) adds a withholding requirement that applies to the disposition of partnership interests, but it does not apply if the selling partner provides an appropriate affidavit:
“No person shall be required to deduct and withhold any amount under paragraph (1) with respect to any disposition if the transferor furnishes to the transferee an affidavit by the transferor stating, under penalty of perjury, the transferor’s United States taxpayer identification number and that the transferor is not a foreign person.”
I.R.C. § 1446(f)(2)(A).
I doubt that section 1446 applies here, as my understanding is that ETFs are taxed as registered investment companies, not as partnerships. But I am not an accountant or a tax lawyer. My reading on this text suggests that this turns on the definition of an ETF which is clearly not a partnership.
Those who are being harassed by various banks should contact their legal departments and demand their interpretation as to why suddenly an ETF is a partnership. I would love to see what explanation they have provided to apply this tax. If there is some other code they are overlapping or how they are coming up with this or are they acting out of sheer overcaution? If they will not provide an explanation, I suggest you close the account ASAP or wire out all funds until you find another firm.
CTH took considerable flak for reporting on the uniparty system of Georgia politics prior to the 2020 midterms. With the election in the rearview mirror, the Georgia Secretary of State is now proposing to permanently codify Democrat control of the state.
(Via Reason) […] Speaking to The New York Times last week, Raffensperger said he would petition the state legislature with three separate proposals. One would force large counties to open more locations for voting early. Another would lower the vote total needed to avoid a runoff from 50 percent to 45.
The third proposal is the most consequential, and the most interesting. Raffensperger will also state lawmakers to consider switching to a ranked choice ballot for future elections. (read more)
Ranked Choice Voting is a particularly insidious way for party control officers to stop unapproved candidates, it also provides the opposition party with a tool to defeat specifically targeted opponents. As we saw in the Alaska midterm race, it was the second-choice votes of democrats that pushed Senator Lisa Murkowski to victory.
Hopefully the people of Georgia will tell their legislature this is not a workable solution.
Meanwhile Ronna McDaniel is promoting herself for RNC reelection and urging republican voters to unify.
(NY Post) […] “The RNC, we don’t pick the candidates. The voters do. We don’t do the messaging. That’s up to the campaigns. But we do do turnout. The one thing we’re seeing right now is that turnout was sky high, but Republicans didn’t vote for every Republican candidate,” [McDaniel] said.
Which, as customary, provides the opening for the insufferable Karl Rove to define acceptable republicans.
“We had a lot of candidates, who, at the end of the day, Republicans … couldn’t vote for. … The reason was we ended up with some knuckleheads who were endorsed by President Trump without proper vetting,” Rove told Catsimatidis.
“Quality of candidates matters. What we saw in this election was the return of the ticket-splitters. It was a bunch of Republicans who said, ‘I can’t bring myself to [vote for] somebody who is subpar or unqualified for office,’” he said. (more)
Emperor Rove always pretends not to notice that perhaps election outcomes are the result of a base of the party not enthusiastic with his “acceptable republican,” and the establishment base not supporting the primary victor.
According to the professionally republican voices, the base must support the party candidate if it is an establishment victor; however, if the non-approved party candidate gains victory in the primary, the establishment voters are under no such expectation…. Nothing has changed in GOPe politics.
The base of the GOP needs a strategic alliance with U.S. trade unions.
The trade unions need to get rid of the communists in their leadership and join in unity withe the MAGA middle-class. The rank-and-file trade union membership is already in alliance with the MAGA movement, but the leadership needs to be removed and replaced by more floor votes.
If MAGA and the Trade Unions can unite, we have the foundation to reframe the entire political dynamic.
This is where the U.S. Potato Rebellion needs to follow the model of the Polish Solidarity movement.
The potato rebellion grows underground, when it strategically surfaces it has the ability to grow more eyes.
Trade unions, farmers, yellow vests and the MAGA working class have a unified interest….
Posted originally on the CTH on December 12, 2022 | Sundance
I’m not going to write extensively about this because I respect your intellectual ability to see the obvious. Questions have been raised about why the Twitter File releases appear to have been structured in a fashion to protect government interests.
Well, the new Bari Weiss website that was set up to launch as an exclusive outcome of the Twitter File release, includes a current contributor and former 2020 control officer of the DOJ who would have facilitated the DHS/FBI contact with social media; the stuff that is transparently missing from the Twitter File releases.
[ SOURCE ]
Yes, former AG Bill Barr is a content partner with Twitter File narrative engineer Bari Weiss. Gee, I wonder how that happens?
Oh look, and what a coincidence… they are both promoting Ron DeSantis.
Wait… Elon Musk is also promoting Ron Desantis… and Mr Musk is simultaneously promoting the Bari Weiss website that promotes Ron DeSantis… and contains Twitter File releases that are conspicuously missing the discussion angle of FBI influence in the 2020 election… Almost as if… wait, nah, that would be conspiracy talk. Just ordinary coincidences everywhere, for sure.
The timing is transparent, given all of the political donations organized by FTX Cryptocurrency CEO Sam Bankman-Fried for politicians, mostly Democrats, in office.
On the day before he was scheduled to give testimony to congress, a testimony likely to be entertaining with representatives asking specific questions about political contributions by the known fraud MBS to other specific members of congress, the cryptocurrency executive is arrested in the Bahamas.
(Via Daily Mail) – Sam Bankman-Fried, the disgraced former CEO of FTX, has been arrested.
The crypto billionaire, 30, was arrested in The Bahamas – where he has been hiding out since his $32 billion empire came crashing down last month – and he is now facing criminal charges in the US.
American prosecutors have filed the unspecified charges against the FTX founder, and are ‘likely to request his extradition.’
In a statement, Bahamian Prime Minister Philip Davis said: ‘The Bahamas and the United States have a shared interest in holding accountable all individuals associated with FTX who may have betrayed the public trust and broken the law.
‘While the United States is pursuing criminal charges against SBF individually, The Bahamas will continue its own regulatory and criminal investigations into the collapse of FTX, with the continued cooperation of its law enforcement and regulatory partners in the United States and elsewhere.’ (read more)
United States is spending in Ukraine.
Each dot in the video represents $100,000.00 as outlined.
The source for the graphic data is the Center for Strategic and International Studies. Just hit play:
Visualizing U.S. Aid to Ukraine from Will Geary on Vimeo.
Joe Biden and Canada’s Justin Trudeau are in ideological alignment, willing to destroy the entire North American economy as they construct the new climate change energy systems for the U.S and Canada. However, Mexican President Andres Manuel Lopez-Obrador (AMLO) has already indicated -including direct statements to Joe Biden at the White House– that he is not willing to put the Mexican economy into collapse and try to engineer an economic future on solar panels and windmills.
That puts Mexican President AMLO in the crosshairs of a unified climate change agenda as outlined by the World Economic Forum and western leadership under the guise of the Build Back Better agenda. In essence, AMLO goes from socialist hero of the unionized left to becoming a target. CTH has been saying we need to watch carefully how this plays out because a great deal of the western economic agenda hangs in the balance.
Now that AMLO has taken a pragmatic position on energy development {Go Deep} his lack of alignment means the apparatus of the United States government, the proverbial Eye of Sauron, will target him. Not coincidentally, the public relations firm for the deepest part of the interventionist intelligence apparatus, the Washington Post, now outlines AMLO as the specific person responsible for the explosion in fentanyl use.
(Washington Post) – […] A new Mexican leader rejected the $3 billion anti-narcotics agreement that had spanned three U.S. presidencies, known as the Mérida Initiative. Andrés Manuel López Obrador, a veteran leftist who took office in December 2018, argued that the drug war strategy had sent homicides spiraling in Mexico while failing to curb U.S. demand.
The sniffer flights stopped. Águila was sidelined and his battle-hardened commandos were reassigned. López Obrador rebuffed U.S. offers for new drug-detection technology. Mexico shut down a pivotal base where the special forces had worked with U.S. agents. It even took away the parking spot for the DEA’s plane at an airport outside Mexico City. (read more)
The Washington Post defining ALMO as “a veteran leftist” as if that is against their interests is rather funny. The article walks through AMLO, a devout Mexican nationalist, trying to remove the influence of the U.S. government, and by extension contributing to the explosion of cross-border drug trafficking.
To accept the ‘AMLO is the cause of U.S. drug deaths’ narrative is to ignore the Biden administration effort to weaken the Southern U.S. border, but that’s a mere detail when you are constructing a narrative that has deeper intentions than appear on the surface. The bigger picture is shaping a narrative intended to create AMLO as an enemy of the American people.
Nice country you got there AMLO, it’d be a shame if something happened to it… Now, about that oil, coal and natural gas use…
Without a doubt this narrative building will escalate, step by step until pressure mounts and AMLO acquiesces to join the economic model demanded by the WEF as executed by the United States through Biden energy policy. There are trillions at stake and multinational corporate laundry operations to maintain.
Just keep watching… look for how the Biden administration specifically messages toward and around Mexico.
Mexico.
Mexico is in a position to get Brazil’d.
I’m fairly confident we are going to hear a lot more about Mexico very soon.
The ideologues in the Biden administration will not accept Mexico continuing to exploit cheap natural energy products like oil, coal and gas. As the USA and Canada punish citizens with inflation and massive economic consequences from Green New Deal energy policy, they cannot allow Mexico to be a source of stable low-priced goods and services. Amid other economic outcomes, the next-door neighbor contrast would be too politically damaging.
We can expect the Biden administration to work with Wall Street corporations on a level of economic targeting of Mexico similar to the western alliance sanctions against Russia. It will be extremely interesting to see just how strong AMLO can be in the face of serious threats from the USA and Canada.
I’m not talking about little threats, or ordinary economic pressure points; watch closely how the U.S threats are established. The ideologues around Joe Biden will seek to destroy AMLO if he does not go along with the energy change effort.
Watch this closely. The leftist hypocrisies are going to be off the charts as they target the Mexicans for punishment. (source)
Apparently, Dept of Energy Nuclear Waste official Sam Brinton is facing grand larceny charges from Las Vegas in connection to another luggage theft incident.
Following a previous case in Missouri, it appears non-binary Ms/Mr. Brinton is a serial thief of women’s garments from airports.
(New York Post) – The rainbow atomic symbol T-shirt should have been a clue.
Sam Brinton, the allegedly sticky-fingered Biden administration nuclear official, was captured on security footage making off with a woman’s bag worth more than $3,670 from a Las Vegas airport on July 6, KLAS News reported.
A surveillance snap from Harry Reid International Airport shows a stern-faced Brinton wearing the white T-shirt with the colorful symbol, a black backpack, and black jeans, rolling the suitcase in question through the airport.
The distinctive tee — which Brinton sported in a selfie posted to Instagram that same day — led the Las Vegas Metropolitan Police Department to issue a warrant for Brinton’s arrest on grand larceny charges, according to a detective’s declaration.
Last month Brinton, the deputy assistant secretary for spent fuel and waste disposition at the Department of Energy’s Office of Nuclear Energy, was charged in the September theft of a woman’s suitcase from a Minneapolis airport.
The Las Vegas security footage from that showed the luggage — containing $1,700 worth of jewelry, clothing valued at $850, and $500 of makeup, police said — being removed from the airport’s baggage carousel by “a white male adult wearing a white T-shirt with a large rainbow-colored atomic nuclear symbol design,” the detective wrote.
The man “demonstrated several signs of abnormal behavior while taking the victim’s luggage which are cues suspects typically give off when committing luggage theft,” according to the declaration, then grabbed the bag off the carousel and walked away with it quickly. (read more)
Hire weird and sketchy clowns and don’t be surprised when the office turns into a circus.
Merkel has basically said that the Minsk Agreement was to buy time for Ukraine to build up its army and never was there any intention of allowing the Russians in the Donbas to vote on their own future. Merkel admitted that they negotiated in bad faith with Putin simply to allow Ukraine time to fortify itself thereby buying time to build its army. She also said that at the time, NATO was weak and could not provide support to Kyiv to the extent they do currently. The Minsk agreements were signed to pretend to resolve the Donbas conflict.
The region was never Ukrainian territory. It was occupied by Russians for centuries. The people there had a right to their own lives. The Ukrainians demanded they no longer speak Russian and they sought to deny them even their own region and they were to report to Kyiv – not Moscow. This was like Mexico reclaiming Texas and demanding English was to be outlawed and only Spanish was to be spoken and all religions were to be outlawed except allegiance to Rome.
Furthermore, two heads of state of Russia came from this region Ukraine claims is now theirs and not Russia’s. Does that mean that Kruschev who rebuilt Kiev after World War II and Brezhnev who was born there in the Donbas, were really Ukrainian?
In truth, during the final signing of the agreement in Minsk, Belarus, the Ukrainian authorities had promised to commit to reforming their Constitution granting autonomy to Lugansk and Donetsk, allowing them to hold local elections in both regions to establish their own independent nations. Yet the Western press calls the Russian action an invasion of their territory when they have refused to honor their word. Make no mistake about it, the Ukrainians would create genocide and slaughter every last Ukrainian Russian as they immediately did in Odesa.
Merkel has been frank and one must question WHY would Putin ever agree to any agreement with Ukraine when they NEVER comply with what they agree to. It is now abundantly clear that the Minsk agreements were NEVER intended to be carried out by the current Kyiv government. They were simply used to buy time to build up their forces for war against Russia.
While Merkel told Die Zeit that there should now be a negotiated settlement, the West has support effectively genocide and refuses to acknowledge anything with regard to the Ukrainian Nazis who they have supported and protected against any prosecution that they carried out against the German Nazis for their war crimes.
Ukraine is at least the most corrupt country in Europe is not the entire world. Even the IMF refused to provide money last year because of the unbelievable corruption. Hunter Biden was put on a board to gain influence with Biden. I refused to deal with them because of unimaginable corruption. You do not count your fingers after shaking hands with the Ukrainian government, you check to see if you still even have an arm.
Western Media refuses to tell the truth and is pushing us into World War III by championing Ukraine withoiut ever looking closely at the facts.
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