Interview with James George Jatras*, J.D., Washington D.C. ef. In the US, too, monster-tax law FATCA increasingly arouses opposition. There is a storm brewing: Six US bankers associations have filed suits against the Internal Revenue Service (IRS). China, Russia and...
Builds on Opposition Parties’ Criticism of Harper Government In Toronto today, a group of Canadian citizens have issued an “Open Letter” to Terry Campbell, President of the Canadian Banker’s Association (CBA), detailing their opposition to the U.S. “Foreign Account Tax...
Ricardo V, a well-to-do Brazilian executive, travels frequently between São Paulo and New York. He does not take one of the many non-stop flights, however. Rather he books a trip with a Miami stop-over. The Miami stop is not...
Washington, DC This RepealFATCA.com bulletin departs from our usual format to round up some important news and commentary from around the world on the deepening troubles of the dysfunctional “Foreign Account Tax Compliance Act” (FATCA). The headlines: Treasury Department Promises...
The Swiss are likely to vote to overturn a FATCA agreement with the US Treasury Department, which has recently been ratified by Parliament. On October 8, a STOP-FATCA referendum committee has been set up, amid skepticism and fears of...
Records sought for Canada, Switzerland, and the United Kingdom As noted previously, FATCA (the “Foreign Account Tax Compliance Act”) cannot succeed unless the U.S. Treasury Department is successful in coercing a sufficient number of countries into enforcing this foreign (i.e.,...
By: Paul Seymour, Director of Client Services pru·dent, adjective 'prü-d?nt : having or showing careful, good judgment Full Definition of PRUDENT: characterized by, arising from, or showing prudence: as a : marked by wisdom or judiciousness <prudent advice> b : shrewd in the...
Zurich is home to many of Switzerland's largest banks, which are bristling at US requests for banking data. Via Storm Crypt/Flickr In 2010, the US government passed Foreign Account Tax Compliance Act (FATCA), a law designed to nail American tax...
Are New Democrats Ready to Fight Abrogation of Canadians’ Rights? At the top of the list of “must have” countries on which the U.S. Treasury Department needs to force submission to the “Foreign Account Tax Compliance Act” (FATCA) is our...
Financial Data Provided to ‘Intel’ Agencies Considered ‘Not Inherently Confidential’ under U.S. Law Those familiar with the U.S. “Foreign Account Tax Compliance Act” (FATCA) – and in the United States, that’s not many people – think of it as either...

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