There was a request for posting of this Financial Post article of a few days ago. I, too, thought it an excellent piece and made a few comments.
An unnecessary overreaching of U.S. tax law into Canada by Prof. Vern Krishna, CM, QC, LSM, tax counsel with Borden Ladner Gervais LLP and executive director of the CGA Tax Research Centre at the University of Ottawa.
Mr Krishna’s analysis is thoughtful and restrained. It’s too bad he didn’t mention those born on foreign soil who attain US citizenship through descent (thanks to Calgary, it’s covered in the comments). How can what the US is doing not give rise to anti-Americanism in Canada?
Since Fox says 114,000 U.S. Veterans are coming north to Canada for Keystone pipeline jobs, there will be more reaching across the border by the IRS chasing after them! This is almost comical… Maybe some of you Canadians could save those Vets the tax and penalty surprise that awaits them…..
http://mediamatters.org/blog/2012/07/05/fox-invents-keystone-pipeline-jobs-for-veterans/186955
Krishna has been writing about his for some time. Every article he writes needs to be interpreted in the context of all the others. I don’t read him as being particularly sympathetic to dual citizens on this issue. Here is one that appeared in the National Post on October 2011. Some of this was “cut and paste” into the new one. But note the language “chose not to inquire too closely” and the justification for citizenship-based taxation (all citizens benefit from the government). His interest is an academic interest in the tax issues. I detect zero empathy for Canadian citizens caught up in this.
Hard to slip long arm of Uncle Sam
Vern Krishna, Financial Post · Oct. 12, 2011 | Last Updated: Oct. 12, 2011 3:09 AM ET
[editor’s note: I fixed the link to the article at the Financial Post, please read the article at the Financial Post site]