U.S. Delay in Tax-Evasion Crackdown Heartens Ottawa said a headline in last week’s Globe and Mail.
Tiger forwarded me the link to the article in the Globe’s mobile edition which gave September 6, 2012 as the publication date. But, when I accessed on the Globe’s regular website, it gave a publication date of July 14, 2011 with an Update of September 6, 2012.
Most of the comments on the G & M website are from July, 2011. I think most of us were still blissfully unaware of this issue then.
The information in the article says Flaherty is “glad” the reporting date for FATCA has been delayed until 2014. However, I don’t think that had occurred yet in July, 2011. I think this information was several months old by September 6. 2012.
Are Tiger and I missing something? Is there any new news in this story? Has anything happened relating to FATCA in the past week to cause Globe and Mail to publish this September 6–and for Mr. Flaherty to be “glad?” Tim, do you have any information about any new updates or delays? Does anyone else?
In any case, Mr. Flaherty sure seems to be a jolly fellow these days. He was “happy” about the streamlined regulations and is “glad” about the reporting delay for FATCA.
Well, I won’t be either “happy” or “glad” until Mr. Flaherty once and for all says Canadian banks must adhere to Canadian law and Canadian law will not be changed to accommodate a foreign government. Mr. Flaherty’s silence is just making me mad.