U.S. Citizens in Canada InfoShop

2011 Oct 18 – McKenna

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


http://www.theglobeandmail.com/globe-investor/personal-finance/taxes/us-ambassador-sympathetic-to-canadians-affected-by-tax-crackdown/article2205001/

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