In the News | Green Party of CanadaSkip to NavigationHome / Newsroom /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

Tax | Green Party of CanadaSkip to NavigationHome /TaxLiz 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 article

Tax | Green Party of CanadaSkip to NavigationHome /TaxLiz 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 article

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

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

collection that will be mandated by the U.S. Foreign Account Tax Compliance Act (FATCA).International the US government is seeking under FATCA is alarmingly broad.  “Foreign financial institutions” is works.To rigidly impose FATCA on our citizens and financial institutions would not accomplish anything

Backgrounder : Canada and FATCA

IRS Tax Collection: Evasion of the US or Invasion of American law: the Foreign Account Tax Compliance Act (FATCA). The (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 government wishes FATCA would impose on Canadian institutions and consumers, as well as about the bigger question of why a thoroughly evaluated and Parliament has had a chance to examine and debate whether an IGA and FATCA are in of further intrusion into their lives under a FATCA IGA.”

–Elizabeth May -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

. Foreign Account Tax Compliance Act (FATCA).International information-sharing can result in significant privacy and rights violations, and the scope of information that the US government is seeking under FATCA the same goal of fighting tax evasion and we already have a system that works.To rigidly impose FATCA

Backgrounder : Canada and FATCA

IRS Tax Collection: Evasion of the US or Invasion of American law: the Foreign Account Tax Compliance Act (FATCA). The (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 government wishes FATCA would impose on Canadian institutions and consumers, as well as about the bigger question of why a thoroughly evaluated and Parliament has had a chance to examine and debate whether an IGA and FATCA are in of further intrusion into their lives under a FATCA IGA.”

–Elizabeth May -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

information collection that will be mandated by the U.S. Foreign Account Tax Compliance Act (FATCA).