Canada
In reply to the discussion: URGENT WARNING U.S.A. to Invade Canada - AGAIN! any american abroad around the world be warned. [View all]RAFREE
(34 posts)a 30 percent with holding charge on the banks who did not go along on every U.S. transaction the bank does. This put the banks in a bad position here because they would be violating our Charter of Rights if they went along and face the charge from the U.S. government if they did not.
Hence the banks push the Canadian government to sign and IGA which legally would cover their behind but, do nothing for the customers. Of course and again the banks will get a bail out on this and average customers will get nothing except sold out. Banks pushed the government to sign. Canadians NDP, Green Party, Liberals, The Canadian Civil Liberties Association and others lobbied against it. Who do you think will win?
Also, if Harper caves and signs on which he will be forced to do even if we have to change OUR laws to do it then he will get his damned and hated Keystone pipeline deal for going along is the speculation here. So, I look for them to all join hands, smile at the camera whilst selling out the Canadian public and say "all is well, we got the tax cheats in line! All hail the pipeline deal too. Isn't that lovely how Canada loves the U.S."
Meanwhile nothing more will be said until the majority of the public finally finds out that a.) your bank rates are going up to pay for this. and B.) It does violate our Charter so we'll have to change some of our laws to do it and C.) Canada will get diddly squat for the millions they spend on it except Harper will get his hated Pipeline deal.
And thus is how the Banks, The U.S. government and Harper will sell out Canada to the bullies and in order to get whatever he wants while protecting the bankers. All will be sold as "going after tax cheats"
I don't know how they will explain Flaherty's previous outburst and remarks against this entire idea probably with some platitudes about how he got some compromises that will protect the innocent while nothing of the sort was done at all.
This whole thing reeks to high heaven.
What should have happened was full public debate here *all talks have been done behind closed doors* Parliamentary review, and full disclosure of what this means for Canadians. However, had they done that this never, ever would have passed.
I miss the elder Trudeau so badly right now because I know what he would have told the U.S. government they could do with their "FATCA"