UPDATE: Here is the podcast: John Richardson interviewed on AMI “Contact” May 25, 2014.
Tune in this Sunday at 7 and 10 p.m. when Contact examines the Foreign Account Tax Compliance Act. The US legislation will require American expatriates to report their financial accounts held outside of the United States. This legislation will also require foreign financial institutions to report to the Internal Revenue Service about their American clients.
Some have criticized the legislation as an invasion of privacy and Canadian sovereignty. In some cases, people with Registered Disability Savings Plans are fearful the legislation could adversely affect them.
May 25: Under the controversial US Foreign Account Tax Compliance Act all non-US financial institutions, including Canadian banks, must make information known about financial accounts owned by US expatriates. Some have called the legislation an infringement of Canadian sovereignty. Toronto lawyer John Richardson discusses the legislation, its potential impact and his reasons for opposing it.
Hear more. Learn more. This Sunday at 7 p.m. and 10 p.m. make Contact …on AMI Audio.
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After its original broadcast, all Contact programs are posted on our Audio Archive.