It is a very serious matter when a foreign country in this case the United States tries to usurp certain powers over other countries and its citizens, or the people and permanent residents of those countries.
The Honourable Sinclair StevensThis man certainly knows how to get to the crux of the matter because fundamentally this is what the United States of America is trying to accomplish with FATCA, the Foreign Account Tax Compliance Act. The question, of course, is whether or not the other countries of the world are going to let them get away with it. (Oddly enough the French I've talked to seem to think the Americans are on to something with this law. Go figure.)
Progressive Canadian Party/Parti Progressiste Canadian
A few weeks ago a forum on FATCA was organized in Toronto, Canada and hosted by the Canadian Progressive Party. There were many great speakers including Peter Dunn of the Isaac Brock Society and James Jatras of Repeal FATCA.
Nine videos of the event can be found here: FATCA Forum.
All of them are excellent and I encourage you to have a listen and to pass them along.
What a pleasure to see a gathering where the subject of FATCA is taken very VERY seriously indeed. And where the issues, the really important ones like sovereignty, civil liberties, human rights and international law, are so eloquently discussed.
I thought Allison Christians' of the McGill Law School (blog here) talk was particularly fine and so I am re-posting it here. I learned a great deal (tax treaty override? I had no idea) and I loved her passion. She does a fine job of explaining why something that sounds so reasonable to many (catch those "rich tax cheats") is pure poison, a legal nightmare, which will have an impact well beyond the few people the law was ostensibly designed to catch. I wonder if Americans back in the homeland understand that this American law (FATCA) is basically telling other countries (like Canada) to break their own laws or else. She also raises the question of whether or not FATCA could be considered an impediment to American citizens' freedom of movement (their ability to move out of the U.S. and around the world) and suggests that a U.S. constitutional scholar have a look at this. And finally she discusses FATCA and international law. Fascinating stuff.