Diane Francis’ plan to merge Canada and US has many problems http://t.co/yUb5wjqur4 – But no more #FATCA #FBAR #PFIC #CFC #Foreigntrusts
— U.S. Citizen Abroad (@USCitizenAbroad) September 29, 2013
What do you think? Is Diane Francis on the right track?
A FATCA IGA is an “unofficial surrender” of Canada’s sovereignty to the United States. Perhaps Diane is right. Perhaps it is smarter to “officially surrender” to the United States. In this event there would be good news and bad news.
The good news would be that Canada would no longer be considered to be a foreign country.
The bad news would be that Canada would no longer be considered to be a foreign country.
Do you prefer the good news or the bad news?