Paul L. Caron

Wednesday, August 13, 2014

U.S. Expats Sue in Canada to Block FATCA

Wall Street Journal, U.S. Expats Sue Over Canadian Deal to Tell Washington About Their Accounts:

A group representing American expatriates is taking legal action against the Canadian government for its role in implementing a U.S. law designed to clamp down on tax evasion.

The lawsuit, filed Monday in the Federal Court of Canada in Vancouver, challenges the constitutionality of a Canada-U.S. intergovernmental agreement reached in February that forces domestic banks to comply with the U.S. Foreign Account Tax Compliance Act, or Fatca. The agreement requires Canadian banks to share account information about U.S. citizens with the U.S. Internal Revenue Service via Canadian tax authorities.

(Hat Tip: Allison Christians.)

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Good for them! I'll donate. This thing violates the Charter Rights of millions of Canadian citizens, their spouses and children many of whom are NOT "American expats" Thank you Gwen and Ginny. It is not just "U.S. citizens" accounts that will go over that border to let them do whatever with, without your consent. Canada must stand up for our Charter. See here, this is the group backing Gwen and Ginny!

Posted by: Ruth | Aug 14, 2014 9:13:14 AM