This is an incredible story. Ambassador Jacobson is best known for his amazing “70 year old Grandmas” speech in Ottawa on October 18, 2011.
“When I read all of this I was concerned. So last week I called the Commissioner of the United States Internal Revenue Service to see what we could do. I explained the problem to him.
The result is that both he and I are sympathetic to the concerns. We are going to work together to see if we can’t find a way to accommodate grandma — and others — here in Canada. But we have to figure out a way to do it without letting the person who is trying to evade taxes in the Cayman Islands off the hook.
My message on this one is to sit tight. We are not unreasonable. We are not unsympathetic. We are not irresponsible.”
David Jacobson – U.S. Ambassador to Canada – October 18, 2011
Does this suggest a coziness between the U.S. government and the Canadian banks at the beginning of the U.S. attempt to impose FATCA on the world. You know, to get the world to sing in perfect harmony?
Is there any impropriety here?