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Latest Update in Canada FATCA IGA litigation

Here's an appeal to delay from within the Harper government itself,
http://isaacbrocksociety.ca/2015/09/24/if-we-dont-ask-the-conservative-government-we-dont-get-today-one-

Published Sep 29, 2015 by bubblebustin

Thanks!

Published Sep 29, 2015 by Allison Christians

It looks like Douglas O'Donnell Commissioner of IRS LB&I is now on record as saying Canada will be non compliant as of September 30th even if an injunction is granted.

http://www.irs.gov/Businesses/Large-Business-and-International-(LB&I)-Division-Directory

http://isaacbrocksociety.ca/2015/09/29/canada-argues-delay-not-possible-and-number-of-innocent-canadians-turned-over-is-disclosed/

Published Sep 29, 2015 by Tim

As Canada jumped now it must land.

Published Sep 29, 2015 by Allison Christians

And jump they did. This is what happens when you put the cart before the horse by discarding obstacles like the constitution and the best interests of your citizens. Unless it's something you really want - delay, delay, delay!

Published Sep 29, 2015 by bubblebustin

I will also note that the Florida Bankers Association and their attorney Jim Butera have now filed there second appeal of the most recent court decision to go against them(This one is an "en banc" appeal to the full DC Court of Appeals). This appeal will be totally procedural in nature and will not have any impact in terms of deciding the merits of non resident alien reporting.

FWIW, its worth I first got involved in FATCA issues in 2011, 4 years ago I fully expect to be involved in 2019 4 years from now.

Published Sep 29, 2015 by Tim

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