January 7, 2013

Should Canada Help the IRS Nab Tax Cheats?

Don Whiteley, Globe and Mail


FATCA represents the most egregious example of extra-territorial reach the U.S. has ever attempted. It will turn all the world’s banks into IRS auditors – at their own expense of course – and apply U.S. tax law on every country that allows it to happen. Its impact is so onerous that, while the Act is now legally in force, implementation has been delayed several times because the U.S. can’t produce a set of enforceable rules to make it work. Why should we care? Because the Harper government is in the middle of negotiations with the U.S. to produce an intergovernmental agreement (IGA) that would impose U.S. tax law on Canada and turn Canadian banks into IRS auditors. Should this go forward, it would represent a colossal surrender of Canadian sovereignty and likely violates the...

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TAGGED: Internal Revenue Service, IRS, taxes, United States, Canada, FATCA, Foreign Account Tax Compliance Act


January 18, 2013
Can Stephen Harper Be Canada's Lincoln?
Jeffrey Simpson, Globe & Mail
Before Christmas, Prime Minister Stephen Harper took along a large number of Conservative caucus members to see Steven Spielberg’s Lincoln, now nominated for 12 Academy Awards. Afterward, there apparently was a discussion... more ››
January 10, 2013
Pipeline Decision Time for U.S.
Ottawa Citizen
U.S. President Barack Obama's move last year to delay a decision on a permit for the Keystone XL oil pipeline extension was widely -- and rightly -- regarded as self-serving. He was up for re-election and needed to curry favour... more ››
January 8, 2013
Why Canada Must Intervene in Mali
Robert Fowler, Globe and Mail
Why should Canada help Mali? Because our African friends so desperately need our assistance in stopping the threat of a jihadist takeover of northern Africa. And that threat is very real: Al-Qaeda and its allies are preparing to... more ››
January 11, 2013
Canada Doesn't Have the Best Health Care
Jeffrey Simpson, Globe & Mail
Two provincial health ministers have scrubbed the usual cliches and begun to tell their citizens an inconvenient truth. more ››
January 17, 2013
Canada's Next Generation Has No Future
Sorensen & Gillis, Maclean's
Why a generation of well-educated, ambitious, smart young Canadians has no future. more ››