Backgrounder : Canada and FATCA | Green Party of Canada

Backgrounder : Canada and FATCA | Green Party of CanadaSkip to NavigationHome /Backgrounder Compliance Act (FATCA). The Government of Canada must protect our citizens and residents from FATCA’s -Governmental Agreement (IGA) on FATCA was being negotiated, and the proposed terms have not been made public. The IRS has only recently issued the final FATCA regulations on 17 January 2013.The United States rights of Canadian citizens and residents. There are also concerns about the costs FATCA would impose on examine and debate whether an IGA and FATCA are in Canada's interest. “Clearly, any person with earnings of further intrusion into their lives under a FATCA IGA.” –Elizabeth May, Green Party Leader and -Governmental Agreement to implement FATCA and instead advise their US counterparts that these policies are an Canada. We must not permit Canadian financial institutions to comply with FATCA in violation of our own privacy laws, and if the US attempts to enforce FATCA against them, we must vigorously respond and seek

International Affairs | Green Party of CanadaSkip to NavigationHome /International AffairsLiz May sounds alarm over privacy in tax deal with U.S.30 January 2013 - 12:22pmPublication Source: iPoliticsSource Link: View the full original article >>Author: Olesia PlokhiiGreen Party leader Elizabeth May is calling on Canada to avoid being party to a U.S. law seeking to collect financial information on Canadians, arguing that it amounts to a violation of privacy.Her appeal comes on the heels of regulations released by the U.S. Treasury Department mandating that foreign financial institutions report information on American taxpayers investing money abroad – the result of a major effort to crack down on tax evasion."I continue to hold (Finance Minister Jim) Flaherty to his commitment to protect Canadians from the extra-territorial application of U.S. law," May wrote in an email to iPolitics about the Foreign Account Tax Compliance Act. "FATCA is moving fast down a track that violates our rights as Canadian citizens."View the

Liz May sounds alarm over privacy in tax deal with U.S. | Green Party of CanadaSkip to NavigationHome /Liz May sounds alarm over privacy in tax deal with U.S.30 January 2013 - 12:22pmFacebook LikeTweet WidgetGoogle Plus OnePublication Source: iPoliticsSource Link: View the full original article >>Author: Olesia PlokhiiGreen Party leader Elizabeth May is calling on Canada to avoid being party to a U.S. law seeking to collect financial information on Canadians, arguing that it amounts to a violation of privacy.Her appeal comes on the heels of regulations released by the U.S. Treasury Department mandating that foreign financial institutions report information on American taxpayers investing money abroad – the result of a major effort to crack down on tax evasion."I continue to hold (Finance Minister Jim) Flaherty to his commitment to protect Canadians from the extra-territorial application of U.S. law," May wrote in an email to iPolitics about the Foreign Account Tax Compliance Act. "FATCA is moving fast down a

In the News | Green Party of CanadaSkip to NavigationHome /In the NewsLiz May sounds alarm over privacy in tax deal with U.S.30 January 2013 - 12:22pmPublication Source: iPoliticsSource Link: View the full original article >>Author: Olesia PlokhiiGreen Party leader Elizabeth May is calling on Canada to avoid being party to a U.S. law seeking to collect financial information on Canadians, arguing that it amounts to a violation of privacy.Her appeal comes on the heels of regulations released by the U.S. Treasury Department mandating that foreign financial institutions report information on American taxpayers investing money abroad – the result of a major effort to crack down on tax evasion."I continue to hold (Finance Minister Jim) Flaherty to his commitment to protect Canadians from the extra-territorial application of U.S. law," May wrote in an email to iPolitics about the Foreign Account Tax Compliance Act. "FATCA is moving fast down a track that violates our rights as Canadian citizens."View the full original

IRS Tax Collection: Evasion of the US or Invasion of Canada? | Green Party of CanadaSkip to NavigationHome /IRS Tax Collection: Evasion of the US or Invasion of Canada?28 January 2013 - 2:32pmFacebook LikeTweet WidgetGoogle Plus OneOTTAWA – The Green Party of Canada is calling on the government of Canada to stand on guard against the demands of the United States (US) for extraterritorial enforcement of an American law: the Foreign Account Tax Compliance Act (FATCA). The Government of Canada must protect our notice in November that an Inter-Governmental Agreement (IGA) on FATCA was being negotiated, and the proposed terms have not been made public. The IRS has only recently issued the final FATCA regulations on Canadian financial institutions to comply with FATCA in violation of our own privacy laws, and if the US attempts to enforce FATCA against them, we must vigorously respond and seek legal remedy as is our right Party of Canada’s backgrounder on FATCA Media Contact:Stéphane VigneaultCommunications Coordinator

Backgrounder : Canada and FATCA | Green Party of Canada

Backgrounder : Canada and FATCA | Green Party of CanadaSkip to NavigationHome /Backgrounder Compliance Act (FATCA). The Government of Canada must protect our citizens and residents from FATCA’s -Governmental Agreement (IGA) on FATCA was being negotiated, and the proposed terms have not been made public. The IRS has only recently issued the final FATCA regulations on 17 January 2013.The United States rights of Canadian citizens and residents. There are also concerns about the costs FATCA would impose on examine and debate whether an IGA and FATCA are in Canada's interest. “Clearly, any person with earnings of further intrusion into their lives under a FATCA IGA.” –Elizabeth May, Green Party Leader and -Governmental Agreement to implement FATCA and instead advise their US counterparts that these policies are an Canada. We must not permit Canadian financial institutions to comply with FATCA in violation of our own privacy laws, and if the US attempts to enforce FATCA against them, we must vigorously respond and seek

Liz May sounds alarm over privacy in tax deal with U.S. | Green Party of CanadaSkip to NavigationHome /Liz May sounds alarm over privacy in tax deal with U.S.30 January 2013 - 12:22pmFacebook LikeTweet WidgetGoogle Plus OnePublication Source: iPoliticsSource Link: View the full original article >>Author: Olesia PlokhiiGreen Party leader Elizabeth May is calling on Canada to avoid being party to a U.S. law seeking to collect financial information on Canadians, arguing that it amounts to a violation of privacy.Her appeal comes on the heels of regulations released by the U.S. Treasury Department mandating that foreign financial institutions report information on American taxpayers investing money abroad – the result of a major effort to crack down on tax evasion."I continue to hold (Finance Minister Jim) Flaherty to his commitment to protect Canadians from the extra-territorial application of U.S. law," May wrote in an email to iPolitics about the Foreign Account Tax Compliance Act. "FATCA is moving fast down a

In the News | Green Party of CanadaSkip to NavigationHome /In the NewsLiz May sounds alarm over privacy in tax deal with U.S.30 January 2013 - 12:22pmPublication Source: iPoliticsSource Link: View the full original article >>Author: Olesia PlokhiiGreen Party leader Elizabeth May is calling on Canada to avoid being party to a U.S. law seeking to collect financial information on Canadians, arguing that it amounts to a violation of privacy.Her appeal comes on the heels of regulations released by the U.S. Treasury Department mandating that foreign financial institutions report information on American taxpayers investing money abroad – the result of a major effort to crack down on tax evasion."I continue to hold (Finance Minister Jim) Flaherty to his commitment to protect Canadians from the extra-territorial application of U.S. law," May wrote in an email to iPolitics about the Foreign Account Tax Compliance Act. "FATCA is moving fast down a track that violates our rights as Canadian citizens."View the full original

IRS Tax Collection: Evasion of the US or Invasion of Canada? | Green Party of CanadaSkip to NavigationHome /IRS Tax Collection: Evasion of the US or Invasion of Canada?28 January 2013 - 2:32pmFacebook LikeTweet WidgetGoogle Plus OneOTTAWA – The Green Party of Canada is calling on the government of Canada to stand on guard against the demands of the United States (US) for extraterritorial enforcement of an American law: the Foreign Account Tax Compliance Act (FATCA). The Government of Canada must protect our notice in November that an Inter-Governmental Agreement (IGA) on FATCA was being negotiated, and the proposed terms have not been made public. The IRS has only recently issued the final FATCA regulations on Canadian financial institutions to comply with FATCA in violation of our own privacy laws, and if the US attempts to enforce FATCA against them, we must vigorously respond and seek legal remedy as is our right Party of Canada’s backgrounder on FATCA Media Contact:Stéphane VigneaultCommunications Coordinator

Backgrounder : Canada and FATCA | Green Party of Canada

Backgrounder : Canada and FATCA | Green Party of CanadaSkip to NavigationHome /Backgrounder Compliance Act (FATCA). The Government of Canada must protect our citizens and residents from FATCA’s -Governmental Agreement (IGA) on FATCA was being negotiated, and the proposed terms have not been made public. The IRS has only recently issued the final FATCA regulations on 17 January 2013.The United States rights of Canadian citizens and residents. There are also concerns about the costs FATCA would impose on examine and debate whether an IGA and FATCA are in Canada's interest. “Clearly, any person with earnings of further intrusion into their lives under a FATCA IGA.” –Elizabeth May, Green Party Leader and -Governmental Agreement to implement FATCA and instead advise their US counterparts that these policies are an Canada. We must not permit Canadian financial institutions to comply with FATCA in violation of our own privacy laws, and if the US attempts to enforce FATCA against them, we must vigorously respond and seek