May 16, 2025 - Participants include:
Virginia La Torre Jeker - @VLJeker
John Richardson - @Expatriationlaw
On May 4, 2025 Virginia and I did a podcast about the possibility of a U.S. citizen being appointed Pope. You can access that first podcast here:
https://prep.podbean.com/e/a-us-citizen-as-pope-exploring-tax-implications-and-controversies/
This podcast on May 16, 2025 continues our discussion. Of course, a U.S. citizen is now Pope.
Here is our discussion.
AI Generated:
"Join host John Richardson from Toronto and special guest Virginia La Torre Jeker, a U.S. tax lawyer based in Dubai, as they delve into the unique challenges faced by Pope Leo, the first American pope. In this engaging discussion, they explore the implications of U.S. tax laws on the Pope's situation, particularly focusing on the Foreign Bank Account Report (FBAR) obligations that accompany his American citizenship.
As they sift through the complexities of U.S. tax reporting, John and Virginia evaluate the broader impacts these regulations have on Americans living abroad, drawing attention to the broader scope and potential need for reform. They also spotlight the recent Wall Street Journal article by Laura Saunders, which adds depth to the debate on whether or not the Pope is required to file U.S. taxes given his vow of poverty.
This riveting episode not only addresses the pope's tax conundrum but also questions the ethics and practicality of the current citizenship-based tax regime, prompting listeners to rethink the rules of the game."
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