This has to be one of McKenna’s poorer articles. Is he or the John Stackhouse getting kickbacks from the Big Four and FATCA Compliance Complex. For one thing the status of the Obamacare Tax is not certain as to how it regards the US Canada Tax Treaty. It will be some time before a conclusion on this issue can made. The issue with US overall tax rates going up is real for people who live in Alberta but not necessarily for those in Ontario or Quebec.
Here is my comment:
Is it too much to ask to have Mr. Mckenna remind readers who are
Canadian citizens that the CRA will not collect taxes from a Canadian
citizen? So let’s see, an “US person” living in Canada who is a
Canadian citizen doesn’t “owe” anything to Uncle Sam except to flip the
bird.
Is it too much to ask Mr. Mckenna to remind readers that
the United States extraterritorial taxation is an attack on Canada’s tax
base? That it is a breech of the human rights of US persons living in
Canada?
If people want to know what their rights are, will they
find it on the pages of the Globe and Mail, or the National Post or any
of Canada’s newspapers? I don’t think so. But they can find out what
their rights are by visiting the Isaac Brock Society. Peter W. Dunn
And here is the comment I just left:
Deckard1138
12:52 AM on January 16, 2013
When is the Globe and Mail going to realize that this and related issues like FATCA are not just topics for the business pages but should be right on the front page?
Canada is close to signing an Intergovernmental Agreement with the U.S. on FATCA that will gut Canadian privacy rights, Charter rights and Canadian sovereignty. It will also dearly cost EVERY Canadian holder of a bank account, whole-life insurance policy, TFSA, RRSP, RESP, RDSP, mutual funds and other investments through greatly increased bank charges and transaction fees to pay for the literally BILLIONS of dollars worth of IT upgrades and increased staffing that FATCA will require.
Even now, in advance of an IGA, Canadian financial institutions are already incurring heavy costs that WILL be passed along to consumers one way or another. This is why FATCA must be fought against by ALL Canadians, for it is far from being a problem for only so-called U.S. Persons to worry about. Ultimately, the entire world must push-back against this imperialistic American overreach. To put a slightly different spin on a former Prime Minister’s words: We DO have an option, and that is to collectively, emphatically say no to FATCA!
Here is my response to a commenter who said that Isaac Brock Society couldn’t protect people:
Hi koch siding,
the Isaac Brock Society has helped people much more
than these kinds of articles. That is because we stress having a
knowledge base with regard to the so-called “US Person”‘s human rights,
rights under Canadian law, rights under the US constitution, the right
to expatriate, not taking guff from State Department or Border Service
officials. The Obama government is currently trampling on the rights of
US expats, and it is important to know your rights. That was the
purpose of reading the person their Miranda Rights ( you have the right
to remain silent, etc.). The US government does not inform Canadian
citizens or residents what their rights are and neither does Mr. Mckenna
in this article. You do have rights. A right to privacy, until now.
If the banks violate that, then you have grounds for a law suit. You
have charter rights. If enough of those rights are violated, class
action lawsuits will result. When you have rights and governments that
do not protect them but trample on them, you have to be informed and
armed. You have to protect yourself. Many people who did not know
their rights entered the OVDI 2011 and then waived all of their
constitutional rights (4th, 5th, 8th, etc) by entering the make-believe
world of the OVDP/OVDI. This meant basically bending over backwards to
let them smack you in the rear end with fines that Canadian residents
would never have to pay because the Canadian government would never
enforce them on Canadian soil. The Isaac Brock Society is there to
remind people what the correct narrative in this is (i.e., not the one
you read from Canadian papers–with the exception of Don Whitley’s
articles): the United States bully is over reaching around the world to
steal from the tax bases of other nations (1) because of their chronic
profligate budget deficits; (2) because they drunk with their own pride
and arrogance.
And here’s another comment I left in reply to Mister Opinionated, with his informative missive intact:
Mister Opinionated
10:38 AM on January 16, 2013
canadians are morons.
canadians complain – all the time – of loopholes in the immigration system.. .. where immigrants unfairly take advantage of the system at the expense of canadian residents (e.g. wealthy immigrant canadians living offshore and not paying any taxes while having access to canadian services). and yet here canadians are heaping derision at the americans over their system of taxing off shore citizens?
canadians are morons.
1 reply
Deckard1138
5:46 PM on January 16, 2013
Mister Opinionated, do you have any idea what differentiates the American system of taxing its off-shore citizens from every other country in the world, except for the failed state of Eritrea? I didn’t think so.
The U.S. applies an immoral, destructive and ultimately self-defeating citizenship-based taxation system, instead of the far more logical, residency-based system employed by every other country on the planet, except Eritrea, a failed state.
Have I mentioned that Eritrea is a failed state, and that it shares the distinction of applying citizenship-based taxation with only one other country on earth – the United States?
Do you ever wonder, Mister Opinionated, about the structural and historic commonalities between failed states? I do.
who pays for your tv coverage?
https://blu002.mail.live.com/default.aspx?rru=inbox#n=605372490&rru=inbox&fid=1&mid=dec3ebd1-60c3-11e2-86ed-002264c17f4c&fv=1
Amber Lyon, a three-time Emmy award-winning journalist, became famous during the Arab Spring, when she reported on Bahrain’s human rights violations and couldn’t get CNN to air certain stories; she investigated further and discovered that CNN was in fact was taking money from dictators worldwide in exchange for content.
American FATCA punishes law-abiding Canadians