At the Isaac Brock Society we are the masters of parody and satire. But nothing is truly funnier than when real life imitates the Onion:
FAIRBANKS, Alaska (BSP) Nicolas (Claus) Santa, Bishop of Myra, has been in federal custody since his arrest at the North Pole on Christmas Eve, 2011. Fish and Wildlife agents apprehended him and seized several tons of exotic woods forbidden by the Lacey act. Santa has been charged with multiple counts of money laundering, illegal exportation of currency, illegally importing into the United States toys made of contraband–rare woods, ivory and other banned substances, as well as violating slave labor and child labor laws. A grand jury has also indicted Santa on 190 counts of criminal failure to file the Foreign Bank Account Report (FBAR). For those charges alone, Santa risks a sentence of 950 years in prison and fines equal to 300% of his wealth. Santa was laundering money from his illegal trafficking in toys.
Michael Lewis at the Toronto Star covers the Saverin story and quotes me from an Isaac Brock Society comment.
Lewis also cites Nina Olson (emphasis mine),
U.S. National Taxpayer watchdog Nina Olson in a public letter warned that the IRS is driving “benign actors” underground with draconian penalties and a byzantine international tax reporting regime.