4 thoughts on “@IsaacBrockSoc invites some #TorCen candidates to #FATCA protest

  1. Bahman Yazdanfar

    I am an Independent Candidate and I have met number of families who are affected by FATCA. In the last couple of year I attended a couple of information sessions, and listened to number of experts. Although, participation in protest is not necessarily a venue that I choose personally to get my message around, I am surprised that I have not received such a invitation from Isaac Brock Society.

    Hence, I take this opportunity to do my share of educating public by re-posting what I wrote last June, and I hope Canadians start to question the priorities of their government, when it comes to spending their tax money. Is it the welfare of Canadian citizens or serving IRS, an agency outside of Canada? Have their MPs’ read, understood, and agreed with all provisions of Intergovernmental Agreement (IGA)?

    Following is the article that I posted on June 2013:

    “I have always been under the impression that many people sacrifice their lives, families, etc. in order to get into the USA and become American citizens; and I never imagined that anyone who has this “privilege” is willing to do anything and everything to renounce their U.S. citizenship.

    Recently, I met a group of people in Toronto who were claiming that they have been traumatized by the Internal Revenue Service (IRS) and its rules. My understanding from this rule, The Foreign Account Tax Compliance Act (FATCA), is? IRS requires US persons to report their financial accounts outside of USA.

    At first glance this issue didn’t seem to be a problem with this issue?, and the first question that popped up in my mind was, why are these so called “US citizens” having problems complying with their civic duties; after all, Canadian citizens are also required to report their income, gains, losses, and assets to Canada Revenue Agency (CRA).

    Then, I realized that the IRS and some US officials are working with foreign governments and financial institutions to become a vehicle to disclose private and confidential financial information of their American citizens and clients to the IRS. Now, I am thinking, why should Canadian tax money subsidize collection costs of a foreign agency? Don’t we have enough challenges in Canada that need immediate attention?

    However, the momentum of this meeting changed drastically after just a couple of minutes, when the first attendee stood up to introduce herself, giving her reasons to be there, instead of enjoying the beautiful and pleasant weather, that Saturday morning.

    A mature lady from the front row stood up, and said that she left US in the sixties, and has been in Canada, her new home, ever since, and she obtained her Canadian citizenship in the early nineties. She and her husband, who passed away a couple of years ago, considered themselves as good citizens, who paid their taxes, obeyed the law of the land, and raised their children with the same values.

    She seemed to be very upset, apprehensive, and afraid of her future in her retirement years. Apparently, she has been notified, some time within the last three years, that she must comply with the new US rules, and is about to lose her life savings, which by the way were earned in Canada, by her and her late Canadian husband over the last forty years to IRS, because she was born in United States of America.

    The second lady introduced herself and said that she came to Canada about 35 years ago, worked here and raised her family. She emphasized that all these years, she has been in compliance with IRS and its rules and regulations. She and her Canadian husband invested in a mutual fund over years in Canada. She broke down in tears just after a minute, as she described that recently she also has learned about rather confusing FATCA rules that could drastically affect her family in her retirement years.

    The rest of the attendees followed suit and one by one described their circumstances and expressed their emotions in different ways, a few cried heavily, some were very angry, and many were extremely attentive and laser focused, grasping as much information as they could that could help their situations.

    These strangers, who have never met each other in the past, started to bond with each other, engaging, sharing their experiences, describing the circumstances they were in, offering the knowledge they have obtained in the last few short years, etc. for 6 continued hours under one roof.

    In my short life I witnessed many people from many walks of life who cried in public for different reasons: loss of health, loved one, home, asset, career, passion, etc. However, it was painful to observe experienced grown men and women succumb to the pressure of “what if IRS does…., what will happen to me and my family.”

    Probably FATCA was originally designed for those are involved with offshore tax evasion, and recover unpaid federal taxes, however, watching these people and their suffering tells me that there has not been sufficient consideration in recognizing different scenarios, or communicating with the public. I guess when there is a fire, wet and dry burn together.

    We live in a violent world, and violence manifests itself into a variety of shapes and forms. Some of us are born to survive and some are here to fight with those who abuse their power. Either way there is a hefty toll has to be paid: financially, emotionally, and socially. Those who have the privilege of designing and deciding on policies that affect a significant portion of population should consider how their actions contribute to human progress.

    Then there is the question of how much value a government allocates to patriotism. All these attendees expressed their genuine devotion to the idea of America and being American patriots, However many of them seriously consider the option of renouncing their citizenship, mainly because of the shortcomings of the present US administration. Neither money, nor force can replace the value of loyalty of citizens to their land and identity. Can a government afford to lose its most valuable assets – Its citizens!”

  2. Em. R.

    @ Mr. Yazdanfar
    If I lived there I would vote for you. Thank you for listening to those people and most of all thank you for understanding. I am Canadian — born, raised, educated, employed and retired in Canada — but U.S. citizenship-based taxation (CBT) and this new U.S. legislation called FATCA affect me. I have been doing my best to fight FATCA (along with many others) BEFORE it becomes entrenched in my country. If Canada signs an agreement with the U.S.A. to implement FATCA here, I will join with others to take this fight to the Canadian courts. FATCA is a blatant override of the existing Canada-USA tax treaty; it is a smack-down of Canadian sovereignty; and it is threat to the well-being of a million Canadian residents and their families. The U.S.A. clings to the outdated concept that it can tax its citizens no matter where they live in the world, something no other country (except Eritrea) dares to do. Eritrea has been condemned for its “diaspora tax” and the U.S.A. should be too. The U.S.A. must adopt residence-based taxation (RBT). It’s the right thing to do.
    @ the writer of this blog
    Please correct this sentence: “FATCA is a U.S. law that the U.S. is trying to impose on FATCA.” Thank you for writing this excellent piece.

  3. torontocentredebates Post author

    Progressive Canadian Party opposes FATCA.


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