Posted originally on the CTH on December 18, 2022 | sundance
On one hand I’m thankful incoming House Judiciary Chairman Jim Jordan is willing to explain who he intends to call before congress to answer questions. On the other hand, my appreciation is tempered knowing open discussion of the intended investigative approach assists Lawfare operatives in their preparation.
The republican led House Judiciary Committee will be opposed by the White House, the Senate including the Senate Judiciary and Senate Intel, DHS, FBI, ODNI, DOJ-NSD, Main Justice, the Lawfare group, corporate media, Big Tech social media oligarchs and the entirety of the national security state apparatus. Navigating through this minefield of opposition will take a brutally confrontational approach.
House Judiciary Chairman Jim Jordan discusses the landscape as he currently sees it. {Direct Rumble Link} The last point about Mitch McConnell running blocker for the Democrats in relationship to the budget is a good example of the opposition the Republican House will face. – WATCH:
Posted originally on the CTH on December 18, 2022 | sundance
During my trip to DC in the summer of 2020 there were a myriad of disconcerting datapoints assembled; revelations that made sense of the madness and disappointments found everywhere. However, one of the key notations for future reference was to watch the political evolution of DHS and spot the jump where the ideological outlook turns into specific government action.
With the DHS/FBI portal within Twitter, and likely within all social media, now being openly discussed and mainstreamed, it’s worth revisiting an August 2021 tripwire crossed by DHS and then contemplating how that was influenced by a much larger ideological agenda.
The United States Department of Homeland Security made a quiet and alarming announcement on August 13, 2021, creating the official position of the United States Government under the Joe Biden regime. [SEE DHS STATEMENT HERE] According to the statement if you questioned the orthodoxy of government mandates, or COVID-19 responses from the U.S. government, you were -effective immediately- considered a “terrorist”, specifically a “Domestic Violent Extremist” (DVE).
Most people missed this remarkable development, yet it seemed to underpin a tenuous, unstable and fragile disposition of the current administration. Within this continuation of the Obama-era initiatives the Department of Homeland Security (DHS) seemed rather paranoid in their need to label anyone who would question the COVID-19 response.
Considering the polling at the time, more than half the country would be defined as dissidents and domestic terrorists within our homeland. Think about that.
DHS – The Secretary of Homeland Security has issued a new National Terrorism Advisory System (NTAS) Bulletin regarding the current heightened threat environment across the United States. […] These threats include those posed by domestic terrorists, individuals and groups engaged in grievance-based violence. […] Such threats are also exacerbated by impacts of the ongoing global pandemic, including grievances over public health safety measures and perceived government restrictions. (read more)
Notice the wording of that introductory paragraph. The government-imposed mandates, mask and vaccination requirements were only “perceived government restrictions.”
The chains that bound your expressions of liberty and freedom were essentially being defined as mere figments of your imagination. The rules and denials of activity that we are forced to live by, under the auspices of “public health and safety measures“, were described as perceived demands.
Most people missed this inflection point, but it was a substantive change in messaging from the United States Government.
The needle then being forced into the arm of federal workers by the Federal Government was not the problem.
It was the public perception of a forced medical treatment, and the need to control that perception that became the priority of the Dept of Homeland Security.
It was our perception of what they are doing that became the problem as outlined in this DHS bulletin. Here is where you must overlay the Twitter File revelations about the action the government took as an outcome of that shift. What followed in the censorship/control of social media by the same government agency, DHS, was an outcome of this ideological moment.
In essence We The People must correct our wrong-thoughts to eliminate carrying ‘the wrong perception’. Dear leader appreciates your compliance. At the time CTH noted to all readers the DHS statement was full blown Stazi-level propaganda. The bulletin continues:
[…] Through the remainder of 2021, racially- or ethnically-motivated violent extremists (RMVEs) and anti-government/anti-authority violent extremists will remain a national threat priority for the United States. These extremists may seek to exploit the emergence of COVID-19 variants by viewing the potential re-establishment of public health restrictions across the United States as a rationale to conduct attacks. Pandemic-related stressors have contributed to increased societal strains and tensions, driving several plots by domestic violent extremists, and they may contribute to more violence this year.
[…] There are also continued, non-specific calls for violence on multiple online platforms associated with DVE ideologies or conspiracy theories on perceived election fraud and alleged reinstatement, and responses to anticipated restrictions relating to the increasing COVID cases. (link)
This became the official position of the United States Government toward citizens in our nation. It is from this perspective that outreach and instructions to Twitter and various social media platforms originated.
Hopefully, in hindsight, you can see the importance of that narrative shift and how it ended with real consequences amid the speech platforms.
However, I want to move deeper, beyond that moment in 2021, deeper into the context that had taken hold of the various apparatus of government institutions. Back to that moment when the shift in approach became evident, albeit ignored for its consequence.
Immediately after Barack H Obama was successfully installed in office, something began to shift. While the U.S. media had always been biased, manipulative and dishonest, there was something bigger and deeper that changed after The Lightbringer achieved power and began his process of fundamental change.
The shift in the national security deployment, coincided with the merge between the intelligence apparatus and the new platforms of social media. The speed of the shift was directly connected to the speed of technology that was driving communication.
Together the intelligence apparatus, the customary U.S. media and Big Tech began testing how far and how fast they could control the outlook of Americans. Few people were paying attention to it…. there were some… but not many, and most of those who did notice were not connecting the dots to the actual tests.
The shift in attack direction from media (social and traditional) was alarming.
Normally the bias we encountered was framed to excuse or justify the transparently guilty of accountability. Bad people doing bad things were downplayed, excused and defended. However, in 2011 & 2012, the new era of controlling public opinion took shape and the system partners began falsely accusing the transparently innocent.
Read that again, because it was a profound difference, and inflection point.
Public opinion propaganda shifted from excusing the transparently guilty, to framing the transparently innocent.
Together with ideological institutions in government (Obama’s crew ie. DOJ etc.), the customary U.S. media and Big Tech system control operators began testing how far and fast they could control the outlook of Americans… to accuse the transparently innocent
Some transparently innocent examples included, George Zimmerman (Trayvon Martin), Police Officer Darren Wilson (Mike Brown), the Baltimore Six accused (Freddy Gray), Nick Sandmann, Kile Rittenhouse, and then ultimately the biggest example, Donald J Trump. Take a transparently innocent person and manipulate a public narrative to make them guilty.
In combination with this new use of the public-private partnership to target the transparently innocent, the social media platforms were instructed to remove content that ran counter to the false presentations.
Now, fast forward throughout a decade of the ideological shift (2011 to 2021) and what did the 2021 DHS terrorism bulletin do?
It expanded the targeting of the transparently innocent.
Instead of specific targets based on personage, the system of collaboration and control by DHS now extended to a whole of government effort to define people as ‘domestic terrorists.’ This is one long continuum of targeting the transparently innocent.
The target holds the same ideas, outlooks, worldviews, and expectations of Liberty and Freedom they held yesterday, last week, last month and perhaps even long before 9-11-01. However, now you are the problem. You are guilty. You are an extremist.
You didn’t change at all. Something else changed. But notice how the spotlight on what changed is YOU, and not the origin of the change?
You are the problem. It’s not the fault of those fundamentally changing the structures of freedom or liberty, you shifted to become the guilty party.
Can you see how they did that?
Can you see how the cancer cells of beta-test accusations against the transparently innocent metastasized and weaponized into a system that now uses the institutions of government against all of us, against the average American who might not accept the specific demands of government, ie. mask wearing, vaccinations, etc.
This government effort, a continuation of a narrative engineering strategy that originated in the aftermath of Obama’s election, specifically included the weaponization of social media and the compliance of the system operators who controlled Twitter, Facebook, Instagram, Google, Microsoft, YouTube, etc.
How can we help people to see this, to understand what took place?
Posted originally on the CTH on December 19, 2022 | sundance
The J6 Committee has announced they have found President Trump guilty of four counts of campaigning against their Democrat candidates and attempting to disrupt the DC system of governing and financial graft. The committee formally announced their intent today for political referrals to the Biden-Obama justice department.
In addition to holding other scandalous political conversations, President Trump is accused of: (1) “aiding and comforting” disgruntled voters; (2) obstructing Congress’ Jan. 6 joint session by holding a political rally in DC; (3) conspiring with some unknown entity to make false claims to the bureaucrats in the National Archives about his private papers; and ultimately, (4) conspiring to defraud the United States and deprive Washington DC of its business model.
The J6 Committee has released a 160-page “executive summary” of a report they will release soon [READ HERE], and will now refer President Trump to Lisa Monaco, Deputy Attorney General and former White House counsel for President Obama, to be prosecuted in Washington DC for heinous crimes and insurrection.
The goal is to fulfill President Obama’s former campaign manager David Plouffe’s promise to destroy President Trump and block him from holding office again.
Washington DC – […] The panel has long contended Trump broke the law. But its new report — which the committee voted to release but has yet to become public — is expected to add vivid new details of that effort, particularly about the cast of enablers who facilitated Trump’s gambit, from Republican members of Congress to a team of lawyers pushing fringe legal theories to shadowy operatives awash in conspiracies. The panel also released the 160-page executive summary of its report, capturing the contours of its case against Turmp.
“Faith in our system is the foundation of American democracy. If the faith is broken, so is our democracy,” said select panel chair Rep. Bennie Thompson (D-Miss.). “Donald Trump broke that faith. He lost the 2020 election and knew it, but he chose to try to stay in office through a multi-part scheme.”
“This can never happen again,” Thompson added.
The recommended referral for insurrection mentions U.S. District Court Judge Amit Mehta’s ruling in February, which said Trump’s language plausibly incited violence on Jan. 6 and cited the Senate’s 57 votes in last year’s impeachment trial to convict Trump on “incitement of insurrection.”
Charging decisions rest entirely with DOJ prosecutors, not Congress, but panel members have increasingly stressed the impact their transmission to the department could have on public opinion — viewing it as part of building a historical record around the attack. Special Counsel Jack Smith is currently conducting a wide-ranging investigation of Trump’s scheme to cling to power, and the select panel has also moved in parallel with DOJ’s effort to prosecute hundreds of Trump supporters who attacked the Capitol. (read more)
Everything seems to be following a flow and pattern associated with intense Democrat effort to retain their ‘fundamental change‘ objective.
If the sequencing is maintained, Hunter Biden will likely be charged with some low-level tax crime, right before President Trump is charged with attempting to destroy the universe. At this point the clown show is ridiculous and absurd. Believe me, the entire electorate can see it…. Not just MAGA supporters.
The more they do this, the more I appreciate the Rosetta Stone that President Donald J Trump represents.
Posted originally on the CTH on December 18, 2022 | sundance
Fox News host Tucker Carlson delivered a speech in Arizona at AmFest yesterday that hits home for many people. [Direct Rumble Link, at 02:21:46] If you have not watched his full speech, I recommend it and will embed at the bottom of this post.
In part of Tucker’s unscripted remarks, a discussion about this current moment in the lifecycle of life’s storm and cultural chaos, Carlson noted his need to go silent for a few days and reflect on the bigger picture of our situation. For me, that part of his discussion rang very familiar and perhaps, based entirely on my instinct that many are feeling the same sense of unease and trepidation, it is worthy to share why.
I was born a person of natural curiosity; intensely so.
Orderliness, natural alignment and the bigger principles of universal balance in all things, have always been important to me. When things are chaotic and out of balance, my general inclination is to ask why.
What is happening that creates this imbalance, an imbalance ultimately from truth?
The natural order of things is so much a part of my instinctual makeup that as a young child my maternal grandfather once said and wrote to me, “son, you were born with an incurable case of curiosity, and someday it might kill you.”
Later in life I discovered the nature of that conversation stemmed from an episode where I refused to accept being taught imbalanced rules at school. My worried and intensely patient mom sought advice from her father, my granddad, in a letter I later discovered in his well-worn satchel of mementos.
Turning a phrase my mom wrote, “Dear dad, we are attempting to tame the shrewd“… Apparently, my childhood sense of curiosity was loved and cherished, but also worrisome in the way that only a mother’s wisdom could assess.
Granddad replied with a comforting dispatch to my exasperated mom, and then appeared in person a week later to help lend some practical support to my parent’s efforts.
In this context, ‘practical’ meant me and grandpa on a week-long fishing and camping trip right in the middle of the school year. The timing was why that specific visit imprinted so memorably, yet the purpose remained unknown to me until much later in life.
From grandpa’s conversations I learned there are natural laws and basic rules in this universal thing we call life. They are seeded within us, deep into our souls, from the miracle of birth and creation. We inherently know things, we sense things, and it is only as an outcome of immersion in the world of unnatural laws and man-made rules, that we begin to be disconnected from them.
This is the God factor in life, the thing that is bigger than ourselves, that various religions and philosophers have noted and discussed.
At birth we know right from wrong. We are born with an instinctual knowledge that hurting others is bad and helping others is good. We know from birth the difference between true and false, this is the part that caused the immediate issue with my younger self questioning the school learning.
My 11-year-old self was worrying that we were losing catch bait time that second morning, meanwhile grandpa was frustratingly and mysteriously ambivalent about the sunrise.
Instead, my scruffy hero in life said to me while boiling coffee, there are natural states of existence, natural instincts, that transcend learned outcomes and consequences.
Touch fire and get burned is a learned outcome, knowing the difference between right and wrong, between love and anger, is not.
In essence, if you follow the natural flow of things, you arrive to realize that “emotions are not learned; we are born with them.”
Think about that deeply. Emotions are not learned; we are born with them… The implications are enormous.
“Penguins are birds that needed to swim, not fly, so they evolved wings into flippers, but man’s emotions were present from day one and never wavered.” Odd, breakfast conversation. Then comes a cuss word which always drew my grins and attention. “We also know all about four factors of energy, the two nuclear sciences, fusion and fission, hell we are reliant on the third, electromagnetic, yet we have no damned clue how the gravity one works.”
Yup, there’s me standing, listening, a cast net in one hand and bucket in the other… slowly realizing the bait ain’t the priority. “Kid, it just isn’t a coincidence that three of the four energy factors are created by man and the last one is unique to God.”
Suddenly the clarity surfaced, grandpas got a point. The man-made transformation of energy into electricity we understand; however, when it comes to the one factor of energy that God created, we’re clueless. Hence that Einstein guy saying, he “wants to know God’s thoughts, the rest are details.”
Why would you be born with an inherent natural gift to feel emotion? Why do we have the ability to feel joy, happiness, sadness, anger, frustration, guilt, fear, love, grief etc, if the human condition was only based on biological perpetuation?
We carry emotion as a human trait because the answer lies in the heart of our God’s intent, our purpose. You were born knowing right from wrong, good from bad, and knowing the difference between fear and hope. We were all born with a spiritual purpose and created by a loving God.
It takes effort to remain living among men yet connected to the natural state, or what grandpa described as “God’s natural order.”
The effort requires a person to separate themselves from the unnatural outcomes of man’s manipulations, rules and unnatural order. In common speak we must make an effort, literally think about it and take action, to create distance from chaos and return our mindsets to the natural order we were born with.
Ultimately, prayer and even church are an outcome of prior thoughtful human leadership recognizing our need to sit still and return to our natural state.
Right now, in this modern era within the United States and perhaps the larger western world, almost every structured system is in a state of chaos. Control mechanisms and man-made manipulations are being deployed everywhere in order to steer the outcomes amid this chaotic storm.
I think back to that sunrise and my grandfather’s words. I think about my efforts to help as a guide reconciling the ‘why questions’. I will have a bit more soon on the importance of understanding the situation in order to see the appropriate place to put the pressure and achieve natural balance.
However, in the interim, and after watching his full presentation, I have this deep sense that Tucker Carlson will be a stabilizing force as a guide for his grandkids.
Interactive Brokers has published a specific list of what is taxable and what is not. If your brokerage house does not understand that ALL ETFs are not taxable, then you really have to find another broke.
Posted originally on the CTH on December 18, 2022 | Sundance
One thing I dislike immensely about republican punditry, specifically as it relates to internal dynamics, is their tribal narrative engineering. The example from Breitbart about President Trump’s discussion of the next speaker of the House is a case study.
Take out Matthey Boyle’s woven narrative; and remind yourself that Boyle is writing from a position of DeSantis advocacy; read just the direct quotes from President Trump about the risk of House Speaker if the party doesn’t align to support Kevin McCarthy, and the position is pragmatic.
Essentially, if not Kevin McCarthy, and the House vote is dependent on Democrat support, the result will likely be worse.
Just the Trump quotes: “I think it’s a very dangerous game that’s being played,” Trump said. “It’s a very dangerous game. Some bad things could happen. Look, we had Boehner and he was a strange person but we ended up with Paul Ryan who was ten times worse. Paul Ryan was an incompetent speaker. I think he goes down as the worst speaker in history. We took [out] Boehner—and a group of people, some of whom are the same, and they’re very good friends of mine. All those people are very good friends of mine.”
[…] ““Think of it—we ended up with Paul Ryan. Boehner was like Winston Churchill compared to Paul Ryan,” Trump said. “Boehner wasn’t perfect—nobody’s perfect—but Paul Ryan was a disaster for the Republican Party. That’s what we got. Now we have to live with him. He’s destroying Fox and he’s destroying the New York Post. We got to live with this maniac. This guy, Paul Ryan, couldn’t have gotten elected in his own area of Wisconsin. I went with him after I won the election and we had a tremendous crowd of people and they booed him off the stage. You remember that? They booed him off the stage. This guy is now telling Fox what to do.”
[…] “Look, I think this: Kevin has worked very hard,” Trump said. “He is just—it’s been exhausting. If you think, he’s been all over. I think he deserves the shot. Hopefully he’s going to be very strong and going to be very good and he’s going to do what everybody wants.”
[…] “Now, I’m friendly with a lot of those people who are against Kevin. I think almost every one of them are very much inclined toward Trump, and me toward them. But I have to tell them, and I have told them, you’re playing a very dangerous game,” Trump said. “You could end up with the worse situation. I don’t even want to say what it is, but I could tell you it’s a worse situation. You could end up with some very bad situations. I use the Boehner to Paul Ryan example. You understand what I’m saying? It could be a doomsday scenario. It could be. You could end up with somebody who would be a disaster like Paul Ryan was.” (LINK)
I see absolutely nothing ‘controversial’ in those statements.
President Trump is correct. The conservative House took down John Boener, the creepy and emotionally unstable 60-year-old sitting at the end of the bar who hits on your 21-year-old daughter. What came next was Paul Ryan, the current brother-in-law to radical SCOTUS Judge Ketanji Brown Jackson, and the Wisconsin politician married to a Democrat lobbyist.
Ryan then blocked any effort to hold the FBI accountable for their role in the 2016 election and the promotion of Russiagate. Then followed that obstruction with an intentional effort to lose the 2018 midterm election, while announcing his own resignation.
Kevin McCarthy might suck, but at least he sucks in a controlled environment.
I’m not a fan of Kevin McCarthy, few would dislike him more than I; however, in the final analysis who else has put their name in the hat and is going to -or could- get the entire republican caucus on their side?
The GOP only has a five-vote House margin.
It takes a simple majority to confirm the House Speaker.
What other method, candidate, representative or alternative position is there to take?
Posted originally on the CTH on December 17, 2022 | Sundance
During the Turning Point USA America Fest, Fox News contributor and #1 rated cable news host, Tucker Carlson is asked about Florida Governor Ron DeSantis and President Donald Trump. Who would Tucker Carlson endorse in the 2024 GOP primary? {Direct Rumble Link}
The answer Carlson delivers to that question is the best 9+ minute dialogue on both men you will hear. Referencing his recent interview with Mike Tyson, Tucker begins by outlining the baseline premise inherent in questions around endorsements. The essence of the question implies an individual’s opinion of their own self-importance, which Carlson eloquently explained is irrelevant.
Tucker then delivers a very accurate encapsulation of both leaders and frames the context for both amid a scenario that no one should predict. WATCH:
Posted originally on the CTH on December 17, 2022 | Sundance
As soon as this information gets mainstream, watch for an entire tribe of ‘conservative’ pundits to suddenly find advocacy for the benefit of billionaires controlling politicians. Indeed, there will likely be a benefit to bookmarking this post.
Against the backdrop of Florida Governor Ron DeSantis receiving 94% of his campaign support from multinational corporations, billionaires and Wall Street tycoons, there has been a debate about whether DeSantis would be a purchased GOP nominee for the presidency in 2024.
Based on current available evidence, the announcement of a 2024 presidential bid is a mere formality, likely to surface later in 2023, as all the background datapoints reflect the strategic and financial team behind Ron DeSantis have been positioning an announcement since late 2021. One visible datapoint has been his campaign office, specifically his then spokesperson Christina Pushaw, reaching out to a group of Florida influencers and organizing a meeting on January 6, 2022.
By the late spring of 2022 the branding and management of the pending Ron DeSantis presidential bid was strongly underway, and by early August 2022, not coincidentally timed with the FBI raid on Mar-a-Lago, after an unusual five days in a bunker, a new national campaign team was announced and launched. Everything from that national image launch has been carefully managed, organized and constructed.
With the Florida legislature set to change the law permitting DeSantis to run and remain as governor; and with the intentionally elevated profile and controlled national branding in place; the office of the Florida governor has transformed from a state executive focus to a launch vehicle for higher office. State policies and office advocacy now run through the priority prism of national politics, as the announcement of the DeSantis book launch is simultaneously positioned.
All of the datapoints flow in one direction, Desantis seeking the 2024 GOP nomination. None of the carefully managed policy points are contradictory to a national intention. However, the original question about who is controlling Ron DeSantis remains unanswered. It is with this specific outlook in mind that we can now find Governor Ron DeSantis’s perspective on donor money influencing politics by looking at how he answered this exact question in March 2014.
In March 2014 a young man asked exactly this question. During a Q&A session at Embry-Riddle University, then U.S.Congressman Ron DeSantis, representing Florida’s 6th District, was asked about money influencing politics. Within his answer we can gain an understanding of why 94% of Ron DeSantis donations are coming from the billionaire influence class.
Video prompted to 00:49:11 of the session, where Ron DeSantis says he feels limited campaign contributions are a problem. Congressman DeSantis says that billionaires should be permitted to fully fund political candidates, without limits, as long as the donations are fully transparent.
Beyond the view of billionaires being permitted to fund candidates for office, pay particular attention to the example that DeSantis uses regarding online sales taxes and his opposition to it. Within that specific answer you are about to see a major contradiction, that tells us something significant. WATCH:
The K-Street lobbyists and campaign donors DeSantis is describing in the online tax example, are the Club for Growth types who wanted states to deliver national equality on the issue of state collection of online sales taxes.
Apparently, in 2014 Congressman DeSantis was willing to take the C4G donor money and yet not support the online sales tax that would hurt Florida consumers.
However, very quietly in April of 2021, Florida Governor DeSantis signed a law requiring all online businesses outside Florida to charge Florida sales taxes on products ordered by Florida residents. The online tax for Florida residents was projected to net an additional $1 billion in revenue for the state.
TALLAHASSEE, Fla. — Gov. Ron DeSantis very quietly and without much fanfare signed a new online sales tax bill into law Monday, requiring out-of-state retailers to collect and remit sales taxes.
[…] Under the law, “marketplace providers” that aren’t located in Florida will be required to remit sales taxes “when delivering tangible personal property” to consumers. (read more)
As you can see from the bigger picture issue of billionaires purchasing politicians, Florida Governor Ron DeSantis felt massive wealthy interests should be permitted to fund politicians. This is in line with his 2022 position of massive donations from billionaires, hedge fund managers, multinational corporations and Wall Street flowing into his campaign and Political Action Committee coffers.
Simultaneous with this 2022 increase in billionaire funding, DeSantis reversed his 2014 position on online sales tax collection for Florida residents, putting himself in direct alignment with Club 4 Growth and other K-Street lobbying groups he said would not influence his policy. DeSantis received $2,000,000.00 from Club 4 Growth.
Add in the endorsement of Paul Ryan (link), and Jeb Bush (link), and the Wall Street republicanism reemerges as the DeSantis platform.
COMMENT: Regarding AOC and the FLOP climate change documentary. How much fossil fuel was used for this flop of a project. Sounds contradictory to the proposed agenda the are preaching. Almost as ironic as the elite jet setting with their private jets while we should all ride bicycles to work. MA, Thank you for being a voice of reason in these truly uncertain time.
Be well and keep doing what you do.
Regards, CRW
REPLY: I know. This is so insane. I’m sure she spent far more in fossil fuels to make this flop than the $10,000 it raked in. I have been in my fair share of movie productions. The number of people running around you can’t even count on two hands for a small film. They were even filming a movie on the beach in front of the house next door I think for the Hallmark Channel. They even had a COVID enforcer who came running up when some of the girls on the film crew just wanted to pet my dog. She came running over and said no – they could not even touch any animal. How much did it cost to fly her around?
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.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Centinel2012 