Tag Archive | "FATCA"

FATCA Invades Canada

The Foreign Account Tax Compliance Act (FATCA) is a legislation that was passed in the US in 2010, However, starting in July 2014 all Canadian financial institutions will be required to report to the IRS all of the account balances of a “US Person”. What does US tax law consider a “US person“? A citizen […]

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Posted in Austrian Economics, Economic CrisisComments (3)

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