It is astonishing that a country with a proud history as Canada would yield to these extraterritorial demands. But what is most disappointing of all is the fact that Canada is uniquely positioned to repel this obnoxious law and send a statement to the United States that imperialistic actions against the rest of the world, under threat of economic sanctions, will not be tolerated.
That, my friends, can be found on Page 2 of the 69 page Richardson-Kish Submission to Finance Canada on the FATCA IGA and proposed legislation.
It is not too late. On behalf of the citizens of every sovereign nation outside of the United States, I urge you to reject the enabling legislation. Do the right thing.
REJECT THE IMPOSITION OF FOREIGN LAWS ON YOUR OWN COUNTRY.
I’m only at the beginning, but if this in any indication, I think this is a hard-hitting submission.