On behalf of the ADCS Board of Directors, and on behalf of ALL those affected by the injustices of FATCA and U.S. “place of birth taxation”:
1. I thank you for your continued support. Once again you have met the funding goal.
2. I congratulate you for being the one group of people in the world that has the courage to “stand up” to FATCA.
3. I acknowledge that your funding is coming from people ALL around the world. Canada may be the “battle ground”. But, all peoples and countries have an interest in stopping FATCA.
Once again, the funding goal has been achieved by “small donors” with “big commitments and big dreams”. There has NOT and (I suspect WILL NOT) be a “deep pockets” donor. But, that’s okay. I would not want the financial viability of your lawsuit dependent on the decisions of a small number of people. From the beginning, I have been completely confident that the funding is guaranteed precisely because of the large base of our funding. As we move further along, and more people learn of FATCA, I predict that the funding will become easier and easier. I would rather have smaller donations from a large group of people than larger donations from a small group of people.
There is a limited number of potential large donors.
There is NO LIMIT to the number of “middle class hard working people” who will have their lives destroyed by FATCA if this is not stopped.
President Obama believes that the key to a strong American economy is a strong middle class. FATCA and U.S. “place of birth taxation”, will destroy the possibility of those affected by FATCA, having a “middle class lifestyle” outside the United States. Speaking of President Obama, in his weekly radio address where he was discussing trade (priming the pump for the TPP) and the
rule role of America in the world he said:
Today, I want to talk about why new trade deals are important to our values.
They’re vital to middle-class economics — the idea that this country does best when everyone gets their fair shot, everyone does their fair share, and everyone plays by the same set of rules.
These are simple values. They’re American values. And we strive to make sure our own economy lives up to them, especially after a financial crisis brought about by recklessness and greed. But we also live in a world where our workers have to compete on a global scale. Right now, on an uneven playing field. Where the rules are different. And that’s why America has to write the rules of the global economy — so that our workers can compete on a level playing field.
FATCA creates a very uneven playing field for Canadian citizens who are resident in Canada and born in the United States. “Place of birth” is an immutable characteristic. Taxation based on “place of birth” is unjust. When people first hear of FATCA they say:
“It’s unjust, it’s inhumane. I didn’t choose where I was born!”
That’s precisely why a complaint has been filed with the United Nations over U.S. tax policies.
As you know, Canada is heading for the polls. The latest date for the Election is in October of 2015. The election may provide opportunities to educate the public and candidates about FATCA and the importance of defending Canadian sovereignty.
As you also know, the U.S. Senate Finance Committee is involved in discussions about tax reform. If the U.S. is going to join the world by adopting residence taxation, the time will be soon. Once again, I thank you for your contributions to the massive submission that was prepared for the Senate Finance Committee. This submission will also provide the basis for an upcoming US- based lawsuit against US place of birth- taxation policies (what they call citizenship based taxation). Stay tuned.
In an earlier post I noted:
It’s important that you realize our FATCA lawsuit is going to be a marathon and not a sprint. The Government of Canada will spare no expense (using your money) to defend it’s “right” to implement U.S. law on Canadian soil.
Those of you have been part of this journey since 2011 should be very proud of how far you have come!
Congratulations! Have a great weekend!