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Canada's Shadow Revenue Minister Warns Government against Sellout on FATCA!

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New Democrats are concerned with the prospect of a foreign nation unilaterally imposing obligations on Canadian banks to disclose personal information. The Canadian Government has a responsibility to protect Canada's tax base, and while we understand the United States' desire to protect their own tax base, this should not come at the cost of the rights of individuals residing in our own country. Cracking down on tax cheats should occur through international cooperation rather than unilateral action.

 

What's more, the secrecy of the negotiations over this agreement has left Canadians in the dark as to the integrity of their personal banking information. The Canadian government should be standing up for the civil liberties of Canadians. Furthermore, the Conservative government must ensure that any agreement reached is fair for Canada.

 

In the interest of transparency, fair taxation and respect for privacy rights, we are asking the government to reject any agreement that violates the rights Canadians or that fails to offer Canada equal benefits to those provided to the United States.

 

In light of the important issues at stake, we urge the government to bring transparency to this process and inform Parliamentarians on the state of negotiations.

 

I appreciate your time and look forward to your response.

 

Sincerely,

 

Murray Rankin, Member of Parliament for Victoria

Official Opposition Critic for National Revenue

 

cc: Peggy Nash, Official Opposition Critic for Finance

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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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