FATCA questions thread
Ask your questions about FATCA here.
This thread will be focused closely on renunciation questions and answers. If the conversation starts to ramble, those comments will be moved to another thread.
Related thread: Banking Issues
I am passing on a question from a Canadian supporter:
He just wants to know whether his bank account information was turned over by CRA to IRS, and who he should contact at CRA to get the answer on this, as no one he speaks to at CRA will answer his simple question.
Who at CRA should he direct his request to? BB, anyone, do you know the answer?
Simplest thing might be to file an Access to Information Act request. It costs $5, takes five minutes to fill out the online form, and CRA obligated to respond within a certain time period.
https://atip-aiprp.apps.gc.ca/atip/welcome.do
One could also contact one’s MP to explain the situation, then CC them on a letter to the Ministers of Finance and National Revenue. It’s not fast but eventually they will respond.
BB wrote to @Stephen on a different thread …
“I wrote directly to the Revenue Minister. I had to pester her, but she eventually responded – personally.”
And finally, one might also try this:
https://www.canada.ca/en/taxpayers-ombudsman.html
Ron, EmBee, and BB, thanks for your thoughts.
My own preference would be to go with BB’s suggestion and try to get the answer from the Revenue Minister, one of the two Ministers Gwen and Kazia are suing.
The three options are not mutually exclusive.
What do you think the future of FATCA will be? Any guesses?
My guess? It will be much like the present, only worse. Bottom line? Don’t be a US person, either by official means (CLN in hand), somewhat less than official means (self-relinquishers), or by simply denying US-ness if or when asked by a bank.
No one outside the US can change FATCA and no one inside the US cares. FATCA won’t die until the US government dies.