Thanks to Badger for digging this up. She comments on a Must Read at Global News:
Global News, has an updated story on the rising US expatriation figures – and this is by the author Patrick Cain who compares the numbers in the Federal Register ‘name and shame’ list to the FBI numbers for those – (see specific category for ex-citizens) precluded from owning firearms.
January 10, 2014 9:30 am
More than 3,100 Americans renounced citizenship last year: FBI
By Patrick Cain
Cain references and links to the letter by constitutional lawyer Peter Hogg to the Finance Minister re his concerns about the serious issues with signing a FATCA IGA, and also notes yesterday’s release of Nina Olson IRS Taxpayer Advocate 2013 Report to Congress. The author provide a link to the report, and quotes the TAS: “……On Thursday, a report released by the U.S. National Taxpayer Advocate strongly criticized FATCA in a report to Congress, saying the costs exceed projected revenue, the law creates sovereigntyconflicts with other countries – using Canada as an example – and the IRS’s computer systems aren’t ready to handle such a complex project.
“[The] IRS has not acted upon advice it has received from some well-informed stakeholders,” Nina Olsen warned in the report. “FATCA carries with it the potential for substantial resource burdens and significant due process concerns.””