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2011 Oct 18 – McKenna

Barrie McKenna
Ottawa seeks leniency for Canadians in U.S. tax hunt
Globe and Mail (18 Oct 2011)


The Oct 18 speech by U.S. ambassador to Canada David Jacobson are “the first acknowledgment from the U.S. government that the tax crackdown is a problem that has caused unintended consequences in Canada, and needs fixing.” After the speech Jacobson told reporters: “The trick is that we come up with something that deals with the legitimate concerns of law-abiding Canadian citizens and on the other hand doesn’t release people — American citizens — who go to tax havens in an effort to try to avoid taxes. We have got to collect all the taxes due and owing us because we’ve got quite a revenue shortfall and this is one of the ways to make sure we get it.”

Written by usxcanada

18 October 2011 at 6:00 am