Marni Soupcoff: Ottawa is violating Canadians’ constitutional rights to help the U.S. collect taxes

This is a good and interesting article with the usual comments from the compliance industry. If nothing else, it clarifies how difficult it is to understand the FATCA issues and the stopfatca.ca lawsuit against the Canadian government.

National Post | Full Comment

This week, two Ontario women launched a lawsuit against the Canadian government for agreeing to turn over the personal financial information of “U.S. persons” residing in Canada to the United States government. The deal may not sound outrageous on its face, but in practice, the costs to privacy, autonomy and Canadian sovereignty of complying with the United States’ new Foreign Account Tax Compliance Act (FATCA) are far from reasonable: At the Americans’ behest, Canada will now be sharing tax information even about Canadians who have never lived a day of their lives in the United States, never worked in the United States, and never owed the IRS a single penny. Merely having dual U.S. citizenship — for example because one’s parents were Americans or one was born on U.S. soil to Canadian parents — is enough to trigger the mandatory sharing of private financial details. While one can understand Washington’s…

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