Trudeau Hypocrites Cop Out on FATCA

Trudeau and the other Fibbing Libs could not be bothered to respond to Canadian citizens directly.

They broke their silence to Elizabeth Thompson of iPolitics.

Trudeau Liberals reverse Position on FATCA

“Minister Lebouthillier wants to reassure Canadians that all exchanges of information are subject to strict confidentiality rules,” reads the e-mail sent by Lebouthillier’s office.

“The CRA ensures that tax cooperation with its foreign partners is done in a manner fully consistent with privacy rights in Canada. It is important to note that Canada and the United States have a long history of exchanging tax information in a fair and responsible manner, going back to 1942.”

“Canada is required by law to exchange certain specific information with the U.S. under the Intergovernmental Agreement between Canada and the U.S. signed on February 5, 2014.”

“The CRA exchanged information with the Internal Revenue Service on September 30, 2015, as required.”

Furious Lynne Swanson says:

“This is a despicable cop out,” she said. “The Conservatives surrendered Canadian citizens, laws, constitution, Charter of Rights and Freedoms and sovereignty to a foreign bully. The Liberals are now proudly waving the white flag.”

“How can the Minister and Prime Minister justify this after Justin Trudeau’s letter to me and all the Liberal comments made against FATCA?”

Allison Christians says:

“There have been story after story after story of hackers, phishers stealing data from the IRS, using it to defraud taxpayers in the United States. It’s a huge market, it’s a huge target and now Canada has willingly contributed the data of 155,000 accounts to that problem without any study whatsoever, without any public discussion.

Christians says the information sharing deal also gives the CRA access to banking information on Canadians that it would not normally be able to access without a court order.

“The CRA, for example, could not require blanket information requests from Canadian banks on Canadians under the Income Tax Act, it could not do that without the involvement of a judge. But that is exactly what FATCA requires and so the CRA is now, very quietly, collecting a lot of information that under the Income Tax Act would not have been possible on Canadians.”

One thought on “Trudeau Hypocrites Cop Out on FATCA

  1. Another one from Elizabeth Thompson.

    NDP Pierre-Luc Dusseault wants the Revenue Minister to face a Parliamentary Committee and explain the reversal in Liberal position on FATCA.

    Mr. Dusseault thinks Minister LeBouthillier did not know the Liberal position. He wants the Prime Minister to exploain the reversal.

    I think Mr. Dusse5ault is naive if he really believes that.

    Dusseault said he would like to see Trudeau clarify his position.

    It would be interesting to know where he stands right now in regard to those information transfers to the IRS.”

    Dusseault said he was also “very surprised” to learn of Lebouthillier’s position.

    “It looked like she didn’t know what her party said during the election and well before the election when the debate on FATCA was going on in the House of Commons and in committees – especially on C-31, the omnibus bill. So it’s very surprising to see today it looks like it is normal business and there is no problem on that and she didn’t see any possibility that it could be a wrong decision.”

    “So it is very surprising and she will certainly have to talk with some of her colleagues in the House next week to see what they think of that because some of them were really quite critical of FATCA.”

    Mr. Dusseault also wants a Moratorium on the transfer of information.

    Meanwhile, Dusseault wants the Canada Revenue Agency to halt the transfer of Canadian banking records to the IRS as a result of the information sharing deal until Therrien’s assessment of the privacy implications of the deal is made public.

    “What I am asking for today is a moratorium on the transfer of information.”

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