Atticus and Allison Christians will be interviewed tomorrow by Anna Maria Tremonti on “The Current” on CBC Radio 1 at 8:30 am.
Please be sure to listen.
Can anyone record this?
It will be available in podcast.
Great! How did this opportunity come about?
Hi Voyons. I was contacted earlier today about the “We Are Not A Myth” portrait protest page by them and asked to speak with them regarding this subject and the page. I knew they were having on someone else but, only found out lately it is Allison and I’m so happy about that!
A baby, a banker letter and a broadcast … it’s been a good news day. I’ll be listening to The Current tomorrow and waiting for reports from the protest … it will be good day too. I’m so happy CBT (America’s dirty little secret) and FATCA (America’s vile hegemonic law) are finally being dragged into the light of day. Atticus will be able to relate the problems people face due to the CBT-FATCA tag team attack on their well-being and Allison will be perfect at presenting the legal problems with FATCA.
Link to audio embedded in the story.
I tried to imagine myself hearing about FATCA for the first time here. If I condense it down, I think what I would have taken away from the program is that the US is a big rampaging bully on a money grubbing witch hunt that doesn’t give a hoot about Canada, Canadians, Canadian banks and its own citizens living abroad. At least the guy from the CBA said it was a bad law several times and didn’t try and spin it as a concerted effort to fight offshore tax evasion. Canada a tax haven? LAUGHABLE!
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If you can, respond in whatever way you feel you are able – in order to fill in the gaps and challenge the misinformation and sins of ommission perpetuated by the CBA spokesperson.
Anna Maria Tremonti was very well prepared and asked excellent questions. In spite of this the misinformation continues. Ms. Christians, when asked how the banks would know, stated Canadians would need to show a passport to open an account. She was definite. Only problem is it’s not true.
Ms. Freeborn (great name) (born free in the USA) stated you need to be compliant to renounce. Also not necessarily so. In spite of these minor glitches it was well done. Hard to get the message across in 20 minutes.
Right. A Canadian passport won’t prove you aren’t a US person and one can certainly gain a CLN without certifying tax compliance. The Current is well listened to. Should set off a few alarm bells – how many, we will see. Great job, Ruth and Allison, and thank you.
I posted a comment too soon on another thread, and see this story is here now. A few glitches, but pretty well covered in 20 minutes as KalC says, and if I was hearing about this for the first time, I would not have any warm and fuzzy feelings for the bully down south. Maybe CBC will follow up and delve into why with or without an IGA, this pig still doesn’t fly. Retaliatory measures is the only option to the capitulation solutions being presented. Cut off their oil.
KalC, I thought I said you needed to certify you were compliant rather than you had to be compliant. I didn’t mean you couldn’t renounce/relinquish first followed by doing whatever paperwork. I wasn’t clear on that but, my intent was that it was one of the steps involved though I gave no particular order and perhaps should have done. Hope that didn’t confuse anyone too much!
It’s important that you’ve conveyed that there are tax implications to the renunciation process – that in order to totally extricate yourself from the US you need to know that the US has certain expectations of you. I’m assuming most people aren’t aware, as I wasn’t. It should be left up to the individual to find out what they entail, once they learn. The point is this: you can’t renounce and expect to remain on friendly terms with the US unless you deal with taxes.
Atticus— a small point. Ms Tremonti asked ‘don’t they do a check?’ implying that they check to see if you owe taxes before you can renounce. (They don’t)
You replied ‘you have to confirm that you’re compliant for 5 yrs. of taxes and 6 yrs. of FBARs’
Room for some confusion. One can relinquish/renounce before certifying compliance. 5 yrs. of tax returns are demanded on the exit tax form. FBARs are not part of the compliance process.
Sorry KalC, I didn’t interpret her question that way. I didn’t see that she was saying you would be checked BEFORE renouncing or relinquishing. Just that in order to be clear and free for good you had some steps to go through. If it came across that I was saying you had to confirm BEFORE renouncing or relinquishing then I’m sorry for that. It was on the spot and I’m not a professional media person. Wasn’t really expecting to be pushed on that point either.
In fact I did relinquish before complying filing anything at all.