13 comments on “Mad As Hell And Not Going To Take It Anymore: Two Brave Women Sue Canadian Government Over Controversial FATCA Deal

  • Thank you Michael DeBlis. Your article is well researched and well written and neither is easy to do with such a complex topic as FATCA. Although FATCA appears to be about chasing tax and penalty revenue beyond the boundaries of the USA it is so much more than that. I believe it was crafted to bring all the financial institutions in the world under the control of the USA as it desperately tries to preserve the reserve currency status of the U.S. dollar. The USA will pistol whip ’em with 30% withholding bullets if they step out of line. One can only hope that this strategy will backfire when a significant number of financial institutions reroute their investment dollars towards less punitive pastures. The BRICS countries are beckoning and the USA might just face a reckoning for its FATCA fatwa and other hegemonic economic policies. Meanwhile I fully support Ginny and Gwen by donating to their legal fund, the Alliance for the Defence of Canadian Sovereignty (adcs-adsc dot ca).

    • Thank you very much. Glad you’re out there keeping watch. If you hear of any new developments in Ginny and Gwen’s case please let me know. For now, all we can do is sit back and watch as these two brave women fight gallantly. A bonne chance!

  • Not only being born in the US makes you a US citizen and therefore subject to US income tax no matter where you live, but being born outside of the US to a US citizen parent makes you automatically a US citizen by birth, whether you know it or not. It is not a matter of choice or being able to apply for it, you ARE a US citizen, just as if you were born in the USA. And that means that no matter where you live your world-wide income is subject to US income tax. Ignorance is not an acceptable excuse to the IRS. Failure to file your US tax return subjects you to a $25,000 penalty for each return you failed to file. In addition there are numerous other forms which, living outside of the US you are required to file which those resident in the US are not required to file. Irregardless of the currency of your income, you are required to pay US taxes in US dollars..

    • Great! Sign me up. What an attractive package you offer.

      I must say, one of the best laughs I’ve had in a long time was when entering the USA by land recently, the border official noticed my wife’s US birthplace in her non-US passport. She was kind enough to ignore this “offense” but asked about our child in the back seat, and at what age my wife left the USA etc etc, then insisting that we go to a consulate and register our son as a US citizen as this would “open up a whole new world FOR him.”

      I actually think this woman was genuine in thinking she was offering us something good, but we had a hearty laugh as we were waved on. Sure, a life of tax slavery (as opposed to a true citizen of the world) as well as a “required” registration for the selective service. How could we resist?

      Try again America. No sale!

    • There are double taxation agreements which may apply and regulate where you pay taxes, in general if you are a resident outside the US for more than 183 days US taxes usually do not apply, you may have to file however

  • Great post Mike! They’re right. Its clearly a violation of their privacy. And even more on their spouses. Curious how they assert they’ve never filed (or will ever file) a US tax return. So why cling to the US citizenship? Why not simply give it up? Expatriate. May not work for everyone. There should be a better way. In our practice, we’re getting waves of individuals looking for help to comply with the FBAR requirements. Sure. With a $10,000 penalty looming out there, I can’t blame them. Surely a result of information sharing from foreign jurisdictions. For most people, as its usually not too expensive to comply, its simply just another inconvenience.

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