Power of Story Send a Tweet        
- Advertisement -

Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 1 (1 Shares)  

Printer Friendly Page Save As Favorite View Favorites (# of views)   3 comments
General News

RepealFATCA.com Files Freedom of Information Act Request on "Intergovernmental Agreements' with Canada, Switzerland, and

By   Follow Me on Twitter     Message James Jatras       (Page 1 of 3 pages)     Permalink

Related Topic(s): ; ; ; ; ; ; ; ; ; ; (more...) ; ; , Add Tags  (less...)  Add to My Group(s)

Must Read 1   Well Said 1   News 1  
View Ratings | Rate It

opednews.com

Author 90133
- Advertisement -

 

RepealFATCA.com Files Freedom of Information Act Request on "Intergovernmental Agreements' with Canada, Switzerland, and the United Kingdom

 James George Jatras for RepealFATCA.com

- Advertisement -

Washington, DCAs noted previously , FATCA (the "Foreign Account Tax Compliance Act") cannot succeed unless the U.S. Treasury Department is successful in coercing a sufficient number of countries into enforcing this foreign (i.e., U.S.) law on themselves.  The key mechanism for doing that is to impose

legally questionable "intergovernmental agreements" (IGAs) that effectively gut the sovereignty of the "partner" country and force indiscriminate turnover to the IRS of personal financial information in abrogation of national privacy and data protection laws, all under false assurances of reciprocity


RepealFATCA.com: getting rid of .the worst law most Americans have never heard of..
(Image by James George Jatras)
  Permission   Details   DMCA

RepealFATCA.com: getting rid of .the worst law most Americans have never heard of.. by James George Jatras

- Advertisement -

On Monday, October 7, RepealFATCA.com filed a request under the Freedom of Information Act (FOIA ) with Treasury to provide copies of records in connection with negotiation of IGAs with the governments of CanadaSwitzerland , and the United Kingdom .   The request covers " all departmental records (paper or electronic) concerning communications (emails, paper correspondence, or records of in-person meetings) between Treasury officials and officials of the three foreign states indicated above relevant to negotiation of IGAs with such foreign states, as well as departmental records concerning worldwide implementation of FATCA that may be relevant to the IGAs with any of the three foreign states indicated. " (The full text of the FOIA request is provided at the end of this bulletin.)

The RepealFATCA.com request comes at a crucial time.  Of special note:

Canada :  As previously reported, Murray Rankin, the "Official Revenue Critic" of the progressive New Democratic Party (NDP) , the chief Opposition party to the Conservative government of Prime Minister Stephen Harper, has written to Finance Minister Jim Flaherty urging rejection of any IGA with the United States that isn't an equitable deal or that violates the rights of Canadian citizens and residents.  The NDP's Shadow Prime Minister, Tom Mulcair, has since upped the ante in a letter to voters , endorsing Rankin's stand and even mentioning the dreaded "S"-word: "sovereignty"!  Effectively outflanked on populism, human rights, and Canadian sovereignty by the NDP opposition, Flaherty -- who doesn't hide his dislike for FATCA and for Treasury's intransigence -- and the Harper government find themselves in a difficult position.  It is not clear how they can rescue a Canadian IGA (no matter how much pressure some powerful financial interests might apply), and at this point they may not want to.   More importantly for FATCA's evident global infirmity, it is even less clear how Treasury credibly can move FATCA without Ottawa's capitulation.    A public protest against FATCA will take place on Parliament Hill on October 16 .

- Advertisement -

Switzerland :   On October 3, a group of citizens' organizations launched a drive for a referendum to nullify the non-reciprocal IGA with Switzerland, which has already been approved by the Swiss parliament.   While reported in French , German , and Italian language Swiss media, little has appeared in English and details are still sketchy.   The organizations need to collect 50,000 signatures, which is considered doable, for a national referendum in early 2014 to overturn the Swiss IGA.   If the signatures are successfully collected and the vote takes place, there's a good chance the IGA would be voted down, annulling it under Switzerland's unique brand of direct democracy.   The result would be that one of the few significant financial centers that Treasury had considered "in the bag" would be -- poof! -- back out, for good.  

Despite legal exceptions for protected materials, FOIA requests have been used to good effect (by groups like the Electronic Frontier Foundation and the Electronic Privacy Information Center ) even on as sensitive an international topic as NSA surveillance programs -- a related matter, since FATCA data provided to the IRS would be passed on to U.S. intelligence agencies .  Treasury has little excuse to withhold information indicating what promises and threats have been made behind closed doors, hidden from the American and international public, to induce reluctant foreign governments to sign one-sided FATCA "deals" that will cost their consumers hundreds of millions, if not billions, of dollars to pay compliance mongers ready to cash in.  (For example, the view of one Miami tax attorney : " From the perspective of a U.S. international tax attorney, we love FATCA for four reasons: complexity; uncertainty, with all the changes since 2010; change, with all the amendments and reforms to the law; and fear-mongering .")

Next Page  1  |  2  |  3

 

- Advertisement -

Must Read 1   Well Said 1   News 1  
View Ratings | Rate It

opednews.com

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...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

News from Switzerland: A Referendum To Overturn FATCA Breaks through Fears of U.S. Retaliation

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

The Deep State May Be Weakening, but Its Death Agony Could Be Terminal -- for Everybody

Please Sign White House Petition to LIST ERDOGAN'S TURKEY AS STATE SPONSOR OF TERRORISM; VOID U.S. ALLIANCE WITH TURKEY

FATCA: a Tool of the Electronic Surveillance State

Hillary's Media Shills Join with Fox News in Covering Up How She and Obama Midwifed ISIS