Read the “Serious Problems” portion of the just released 2013 U.S. Taxpayer’s Advocate Report to Congress:
Then go and read the “FATCA” section:
But note especially footnote 38 on page 243, which references a Maple Sandbox quote of Canada’s NDP National Revenue critic Murray Rankin complaining about FATCA.
The report mentions that FATCA, “in addition to objections based on resource burdens …has given rise to discussions of sovereignty issues, as well as concerns regarding economic repercussions. For example, Murray Rankin, the Canadian equivalent of a “Shadow Minister” for National Revenue, recently reiterated his party’s concerns regarding FATCA”:
“New Democrats are concerned with the prospect of a foreign nation unilaterally imposing obligations on Canadian banks to disclose personal information. The Canadian government has a responsibility to protect Canada’s tax base, and while we understand the United States’ desire to protect their own tax base, this should not come at the cost of the rights of individuals residing in our country. Cracking down on tax cheats should occur through international cooperation rather than unilateral action” (38; referenced as http://maplesandbox.ca/wp-content/uploads/2013/09/Rankin-Letter-to-Flaherty.pdf)
The report does not contain all that we would like, but it shows first that Maple Sandbox is read widely and seriously considered (Congratulations to Blaze and Outraged!) and secondly that Sandboxers and Brockers persistently pestering a political party in Canada (the NDP) can cause a change that finds its way to a US report to Congress.
This Canadian text, now in a U.S. report to Congress, also needs to find its way back to Canada and to Minister Flaherty.
January 10 2014 afternoon update: Earlier today (see comment below) Schubert emailed Mr. Mulcair, the Leader of the NDP, and mentioned that Mr. Rankin’s letter had just “earned a supportive footnote in the latest report to the US Congress by the US Taxpayer Advocate Service.” This afternoon he received an e-mail of thanks from Mr. Mulcair for alerting him to this information. Nice to receive a same day personal reply from the leader of a party–and we all agree that the last few days have been pretty good.