Archive for February 2014
FATCA in Canada: constitutional challenge mounting
Tax, Society & Culture (28 Feb 2014)
Law professor Christians identifies Canada’s core FATCA problem as “serious mismatch between the goals targeted and what will be attained by FATCA when law on the books meets law in practice.”
‘Chaotic’ US tax stampede overwhelms specialists
swissinfo.ch (25 Feb 2014)
A bank gave one dual US-Swiss citizen 18 days to produce US tax paperwork going back to 2008. “A streamlined service that cleans up clients’ standard tax returns since 2008 costs around CHF7,500 ($8,365).”
Canadian warns U.S. citizens abroad of new tax collector
Toronto Observer (24 Feb 2014)
Comment from Peter Dunn features prominently in this story on FATCA.
Snowbirds, citoyens américains: sortez la tête du sable!
La Presse (19 Feb 2014)
A Quebec writer picks up the FATCA story.
Canada’s U.S. tax capitulation
Financial Post (11 Feb 2014)
“Canada’s leaders … have committed a craven surrender of national sovereignty.”
Canada-US Agreement Reached on FATCA Data Sharing
Tax, Society & Culture (8 Feb 2014)
McGill-based taxation expert Christians provides “some of the most useful links” to matters relating to the Canada-United States agreement on FATCA.
Ottawa had little choice in signing controversial deal with U.S. tax man
Financial Post (7 Feb 2014)
Canadian bank clients in Canada will be required to certify that they are not US persons. The large costs of compliance will be borne by customers of Canadian banks.