The Long Arm of Uncle Sam

Thanks Schubert for posting Arrow’s article from BC Business on FATCA and credit unions.  I think it deserves a thread of it’s own, so I’m posting it here.
The Long Arm of Uncle Sam is already much longer than Pinocchio’s nose–and constantly growing even longer and fatter.
 
 

2 thoughts on “The Long Arm of Uncle Sam

  1. Thanks John Brown. I’ve added the link.
    An English language publication in Japan is also reporting on The Long Arm of the IRS. http://beaconreports.net/fatca-the-long-arm-irs/
    It seems there may be similar barriers to FATCA in Japan as there are in Canada. “Asking such a delicate and private question is not something Japanese financial institutions could ask to their customers.” That “delicate and private question” is whether a customer is a US person.
    You have to love the Japanese. They talk about “delicate and private question” while a lawyer in Arrow’s Canadian article calls asking the question a “landmine.” Yet, aren’t the Japanese negotiating an IGA?
    In any case, Happy Thanksgiving, Canada. Hopefully, long before next Thanksgiving, we will be able to give thanks for the Canadian government protecting us from Uncle Sam’s Long Arm.

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