Toronto Centre Debates have invited all Toronto Centre candidates to a FATCA Centric Debate for Toronto Centre for November 18 from 7:00 to 9:00 p.m. The location will be announced by November 13.
The organizers say:
FATCA – The most important issue Canadians are not aware of and Candidates won’t talk about!
Their information provides links to the recent MacLean’s article (What Is FATCA: IRS Peeking Into Canadians’ Accounts article by Erica Alini) and the OpEd News article (FATCA Faces Tell the Real Story) by Lynne Swanson. It incorporates much of the latter article into the blog.
If all of this isn’t bad enough, the Canadian Bankers are working overtime, by encouraging the Harper Government to enter into an agreement with the U.S. to facilitate transferring this money and information to the IRS. According to the Canadian Bankers association the Government of Stephen Harper is poised to just that – agree to turn the confidential information of Canadian citizens over to the IRS. How can this be done? Doesn’t the Canadian Charter of Rights and Freedoms protect Canadians from this intrusion into their privacy? Constitutional scholar and former dean of the Osgoode Hall Law School Peter Hogg thinks so. Incredibly the U.S. FATCA law REQUIRES the Canadian banks to comply even if to comply means they must violate Canadian law INCLUDING THE CONSTITUTION OF CANADA
I have no idea why this group has taken on FATCA as a major challenge, but I’m delighted they have. Based on their website and their tweets, FATCA is one of many issues they are dealing with in the Toronto Centre byelection. I can personally assure you that Lynne Swanson had no involvement in organizing this debate.
Will the candidates accept the invitation? I predict the major parties won’t. I certainly hope I’m wrong about that. In fact, I would be thrilled to admit I misjudged them if the candidates for the Conservatives, NDP and Liberals do finally agree to a public, open debate on FATCA.