world. “2014 05 01Conservatives must remove FATCA from budget billNew Democrats are calling on the Conservatives to acknowledge the concerns with the U.S. Foreign Account Tax Compliance Act (FATCA) and agree to

world. “2014 05 01Conservatives must remove FATCA from budget billNew Democrats are calling on the Conservatives to acknowledge the concerns with the U.S. Foreign Account Tax Compliance Act (FATCA) and agree to

world. “2014 05 01Conservatives must remove FATCA from budget billNew Democrats are calling on the Conservatives to acknowledge the concerns with the U.S. Foreign Account Tax Compliance Act (FATCA) and agree to

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

FATCA and the Erosion of Taxpayer Privacy

FATCA and the Erosion of Taxpayer PrivacyFATCA and the Erosion of Taxpayer PrivacyArthur CockfieldQueen’s University Faculty of Lawart.cockfield@queensu.caPathways to PrivacyUniversity of Toronto, March 19, 2014Overview of TalkWhy care about taxpayer privacyWhat is FATCA and the proposed Canada-United States intergovernmental agreement (IGA)How FATCA and the IGA erode Canadian taxpayer privacyCan we fix this problem?Taxpayer PrivacyTaxpayer personal information is highly sensitive and includes income, disability status, family status, charitable donations, asset ownershipIn fact, concerns over intrusive and unfair taxation led to first laws to bind powers of English kings (Cockfield and Mayle, 2013, CTLJ): Coronation Charter of 1100, Magna Carta of 1215, and so onHistorically no government would assist another in that offshore banks help hide secret accounts owned by Americans2010: Congress passes FATCA as part of battles on the horizonWho Are Main Winnersunder FATCA and IGA?U.S. indicates it will raise few revenues

Queen’s, “Répercussions de la Foreign Account Tax Compliance Act (FATCA) sur les lois sur la protection de

médias.Arthur Cockfield, Université Queen’s. “Répercussions de la Foreign Account Tax Compliance Act (FATCA) sur

world. “2014 05 01Conservatives must remove FATCA from budget billNew Democrats are calling on the Conservatives to acknowledge the concerns with the U.S. Foreign Account Tax Compliance Act (FATCA) and agree to

Tax Compliance Act (FATCA), and secret negotiations over an Intergovernmental Agreement (IGA) for the implementation of FATCA in Canada.2014 01 22A portrait of Canada's Senate in numbers: The Senate barely votesIn

Tax Compliance Act (FATCA), and secret negotiations over an Intergovernmental Agreement (IGA) for the implementation of FATCA in Canada.2014 01 22A portrait of Canada's Senate in numbers: The Senate barely votesIn