Dear Prime Minister Trudeau and President Obama:
Why do you think I am a tax cheat?
I am eight months old. I live with my Mommy and Daddy in Canada.
I can’t walk or talk yet. So my Nana’s friend Lynne is helping me write to you.
At Christmas time Mommy and Daddy opened a small savings account for me in Canada. When I was six months old in February, TD Bank sent me a letter and other stuff.
I can’t read. So Nana read it for me.
I don’t know what the gibberish in the letter means. Nana says it’s crazy. I believe my Nana.
The letter says TD will squeal on me to Canada Revenue Agency (CRA). Then the CRA will tattle on me to U.S. Internal Revenue Service (IRS) for FATCA. What’s a FATCA?
I don’t know what a citizen is. But I’m a double one.
I was born in the United States. My Mommy and Daddy are Canadian citizens. The Canadian government sent me a letter saying I am too. But I have a blue book that says I’m a U.S. citizen too.
TD says because they know I was born in the United States, I have to complete, sign and mail forms to them.
How can I? I can’t even print yet.
President Obama: Why do you want my information? What will you do with it?
Prime Minster Trudeau: Why are you giving your friend Mr. Obama information about me? Why are you helping him? Why aren’t you helping me?
Please help me. I can’t afford an accountant or lawyer from my allowance.
Elle’s letter is based on a true story. Only the name of Baby Elle has been changed to protect her innocence.
TD sent Elle a “Dear Valued Customer” letter informing her of their plans to send information on her small account to CRA. “In turn, CRA will share information with the U.S. Internal Revenue Service.”
Baby Elle’s Nana (Somerfugl) brought this to my attention and gave me a copy of the TD package of information sent to Baby Elle (not to her parents!).
Page Two of the FATCA Letter suggests Baby Elle consult a tax professional or CRA for further information.
As you will note on page 2 of TD’s letter, the “Indicator” for TD to FATCA Baby Elle is “Your Place of Birth is the United States.”
This also indicates TD will only accept a CLN AND proof of non-U.S. citizenship to avoid FATCA reporting. No mention of the option of a “reasonable explanation” contained in the FATCA Regulations from U.S. Treasury and the IGA.
Baby Elle’s account is so small it does not have enough for her to pay the fee to renounce U.S. citizenship. Of course, because Elle is a minor, she can’t renounce.
UPDATE April 19: Baby Elle’s letter is being read beyond Canada’s borders.
Robert Wood reports in Forbes Dear President Obama: I’m a Baby. Not a Tax Cheat.
Mr. Wood says a baby might be more persuasive than an adult. I doubt it. I think the politicians have lost their FATCA minds.
International Investment reports Canada baby’s letter to PM, US prez is focus of anti-FATCA campaigners
This article cites Maple Sandbox, Brock and iPolitics.