Lynne Swanson Appointed Chief Jingo 4 Canada on #FATCA “Hyperbolic Rhetoric”

In celebration of Canada’s Victoria Day long weekend, Outraged Canadian and Maple Sandbox are delighted to announce the promotion of Lynne Swanson (aka Blaze) to Chief Jingo for Canada.

This appointment was inspired by Roy Berg’s warning to the Finance Committee prior to Ms. Swanson’s testimony:MapleJinga

“This Committee is likely going to be aware of jingoistic, hyperbolic rhetoric admonishing Finance for ceding Canadian power, ceding sovereignty and also encouraging Canada to stand up to FATCA.”

In making the announcement, Maple Sandbox co-founder Outraged Canadian affirmed her belief in Ms. Swanson:

I know Lynne will handle this awe-inspiring promotion with grace and dignity and won’t let it go to her head. I have complete faith that she’ll continue to spout jingoistic hyperbole with all of the fervour and dedication that will be needed as we fight for our rights as Canadians. I’m really proud of her. She’s earned this honour.

Upon learning of her new appointment and title, Lynne said,

“I am thrilled and honoured to take on this important role.  I will work hard to represent the interests of Sandboxers, Brockers and one million honest law-abiding Canadians .and their families.”

 

With Blazing eyes, Ms. Swanson swore the following oath on the Canadian flag.

” I promise to faithfully fulfill my duties as Chief Jingo of Canada (CJC) by spewing ‘hyperbolic rhetoric’ about how FATCA is an affront to Canadian citizens, residents, laws, constitution and sovereignty.”

canadian flag

23 thoughts on “Lynne Swanson Appointed Chief Jingo 4 Canada on #FATCA “Hyperbolic Rhetoric”

  1. Lynne Swanson

    Yes, the information is FAR more.  Under historic and current information exchange, the US and Canada exchange information on residents of one country who has income in the other.  That makes the Canada-US tax treaty unique. Allison Christians says the US used it as a “carrot” to the rest of the world.

    Under the IGA, the United States gets information on total assets, account balances, income, transactions, account numbers, other personal identifying information and anything else the IRS demands on anyone deemed to be a US person living in Canada or in the US.

    Under IGA reciprocity, Canada gets information on income of Canadian residents who receive income in the United States–in other words, exactly what Canada was already getting–and nothing more.

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  2. OutragedCanadian Post author

    Sorry, I should have been clearer, I do know that it affects FAR more people, absolutely (including myself until I get my CLN), but the information itself, is that more? I will re-read the briefs.

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  3. Lynne Swanson

    @Outraged:  Professors Cockfield and Christians, the Privacy Commissioner and I outlined in our testimony or under questioning how much further this information provides on far more people than is currently shared.

    Even Berg himself says this is “not a tax grab…It’s a compliance and data grab.”

     

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  4. OutragedCanadian Post author

    Mr. Berg is focusing on the economics, rightly so, since he’s a tax guy. However, his argument still doesn’t ring true for me, as it’s just too simplistic. Yeah, Canada protected big big bank’s profits by signing the IGA. But what about Canada’s overall economy? What is the effect of FATCA on that? I don’t have the expertise to do a cost/benefit analysis on such a large issue, but I think it will be huge – with lasting repercussions. If every family affected by FATCA complies by engaging these outlandishly expensive tax professionals and lawyers (mainly US-based at this time), that’s money gone from spending in Canada. If every family affected by Canada has to pay massive penalties for not filing FBARs, that’s retirement money, that’s own-your-own-home money, that’s  children’s education money funnelled out of Canada’s economy directly into the US economy. It will be very interesting over the next couple of decades to know the increase in seniors living at the poverty line because they have no retirement savings left, and the number of students who do not go on to higher education, or who have to incur huge debt to do so.

    I think we all realize that the every country has the right to make and enforce their own laws. Mr Berg seems to have forgotten that INCLUDES CANADA. He’s completely ignoring the fact that the US is reaching into other countries with their laws and blackmailing those countries into compliance because (for now, at least) they have the economic power to do so. And every country has the right to protect their economy and their citizens rights.

    He says that the information the banks will collect under the IGA is already to the US through tax treaties. I haven’t sat down and compared them but I just don’t believe that’s true or there would be no need for FATCA or an IGA. (If I’m wrong on that, then please correct me, and point me to the comparison, I would be grateful.)

    And, of course, the elephant that’s being ignored by Mr Berg, is that Canadian rights are being violated by FATCA and the IGA.

    But, of course, that doesn’t affect Mr. Berg, since he isn’t Canadian, and has only come to Canada very recently, and I am quite sure he knew all the arcane and archaic US rules and so is completely tax and FBAR compliant. So, really why should he care? And, of course, he doesn’t.

     

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  5. Lynne Swanson

    Ah Shucks.  Do you think we hurt Mr. Berg’s feelings with our “considerable criticism?”

    How does he know about the “considerable criticism?” Could he have possibly have seen it at Brock or Sandbox?

    The Chief Jingo actually thought the  “considerable criticism” was quite mild.  She encourages all the other Canadian Jingos to be stronger.

    Mr. Berg doesn’t get that Canada is an independent country that makes its own laws.  Or, rather it was before the United States threatened and bullied Canada to change its laws.

    Once again, there are two key points. 1.  We are Canadian citizens. 2. Roy Berg is not.

    Mr. Berg can keep spitting into his hand.  The Chief Jingo will keep spewing her “jingoistic, hyperbolic rhetoric”

     

     

     

     

     

     

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  6. Shovel

    Here’s a Moodys post from the compliance condor Mr. Berg himself who acknowledges he has come under “considerable criticism.”
    The Moodys post is followed by a link to Berg’s full article.

    Friday, May 23, 2014
    FATCA in Canada: Is the Intergovernmental Agreement a “good deal?”
    By Roy Berg JD, LLM (US TAX)
    On May 13, 2014, I was called to testify before the House of Commons Standing Committee on Finance regarding Canada’s legislation that implements the Intergovernmental Agreement (“IGA”) between the US and Canada concerning the Foreign Account Tax Compliance Act (“FATCA”). You may view the hearing by clicking here and my prepared remarks follow this article. I have come under considerable criticism for my support of the Department of Finance’s decision to enter into the IGA. In short, I have said, and continue to believe, that the execution of the IGA is unquestionably a “good deal” for Canada. I would like to use this short article, however, to expand on this statement and offer that the analysis in reaching the answer is more interesting than the answer itself.

    http://www.moodysgartner.com/fatca-in-canada-is-the-intergovernmental-agreement-a-good-deal/

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  7. Joe Blow

    I suspect Roy Berg was referring to the Isaac Brock Society.

    He showed his true colours when he said:

    “This Committee is likely going to be aware of jingoistic, hyperbolic rhetoric admonishing Finance for ceding Canadian power, ceding sovereignty and also encouraging Canada to stand up to FATCA.”

    He should be tarred, feathered and deported back to his Homeland. He doesn’t give a shit about Canada. He’s a predator and only interested in making money off Canadians tainted with US indicia.

    Roy Berg loves FATCA. It will make him a lot of money!

    Reply

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