That post included:
From the perspective of Hon. Gordon D. Giffin, Dentons LLP:
This was of particular interest. I had forgotten that Gordon Giffin (U.S. Ambassador to Canada in the Clinton years) grew up in Canada. Mr. Giffin actually grew up in the Toronto area and attended Richview Collegiate (Stephen Harper’s High School). He returned to the United States for College and law school. In other words, the former U.S. Ambassador to Canada clearly has “Roots” (not the store, which also has a U.S. connection) in Canada.
He began by stating his view that the TPP should be understood to be an update to the NAFTA Treaty.
Mr. Giffin echoed the view that Canada, the U.S. and Mexico are “in effect” part of the same “neighborhood” and that each of the three countries should have a “North America Relations Department”.
Mr. Giffin made the statement (and this is a bit of a paraphrase) that it should “NOT be hard for people to move around the neighborhood”. Hmm… Do you think that FATCA and U.S. “citizenship taxation” might make it hard for North American residents to “move around the neighborhood”?
I assume that Mr. Giffin’s family was filing both U.S. and Canadian taxes during the many years the family was living in Canada. Therefore, he “might” have some concept of U.S. citizenship-based taxation. On the other hand, any concept of citizenship taxation that he might have, would have been formed prior to:
– FBAR, FATCA, PFIC, Foreign Trusts, etc.
– the FBAR Fundraiser
Assuming you are interested in the relationship between Canada and the United States, I highly recommend the video referenced in the above tweet. If you are impatient, you should pick it up at the 57 minute mark.
I would be interested in your comments.