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Canadians Confront the Banks and the Yanks: Open Letter Urges President of Canadian Bankers Association to Oppose FATCA

By   Follow Me on Twitter     Message James Jatras       (Page 10 of 11 pages) Become a premium member to see this article and all articles as one long page.     Permalink

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For further information contact: 

Lynne Swanson, maplesandbox at yahoo dot ca

Administrator, Maple Sandbox

Peter W. Dunn, petros at isaacbrocksociety dot ca

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Administrator, Isaac Brock Society



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The Canadian Bankers Association says:

October 18, 2013 at 12:15 pm

Dear name withheld by request,

We are very aware of the concerns that you and many others have about FATCA and have corresponded in the past with followers of the Isaac Brock Society and Maple Sandbox. You should know that the banking industry in Canada and around the world shares your concerns.

We have general information about our opposition to FATCA here:

The CBA and banks in Canada have been standing up for bank customers and voicing concerns with FATCA for a number of years. We have raised our concerns with the IRS, the U.S. Treasury Department and the G7 both directly and through our membership in the International Banking Federation. You can find more information here:

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We also went to Washington to meet with IRS and U.S. Treasury officials and Canadian Embassy officials. Last year, the CBA also made a presentation in Washington at public hearings before Treasury and the IRS and our president spoke out against FATCA in speeches in Calgary and Vancouver as well. Here are the links:
http://www.youtube.com/watch?v=3kVM2vV8jPU (Preview)

We submitted an opinion piece with our concerns about FATCA to the Washington Post and the Wall Street Journal. It did not get published.

In Ottawa, we have raised concerns with officials from the Department of Finance, the Minister of Finance and the U.S. Embassy. Finance Minister Jim Flaherty has supported our position and expressed his own concerns publicly and we appreciate the support from the Minister and his officials.

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Jim Jatras is a former U.S. diplomat and foreign policy adviser to the U.S. Senate GOP leadership. He is pro-life, pro-gun, pro-traditional marriage, pro-immigration control, anti-war, pro-privacy, pro-tax reform, anti-phony 'free trade' deals. (more...)

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