‘A lawsuit has been filed by several Canadian citizens against the Canadian Attorney General in Federal Court in Canada. The legal claim challenges the constitutionality of the agreement the Canadian government struck with the United States. The controversial deal between nations was inked under FATCA—the Foreign Account Tax Compliance Act.
FATCA is America’s global tax law. More than 80 nations have signed on to the U.S. law, so what’s the big deal about Canada? Many Canadians are still hopping mad that their own government bowed to pressure from the south. The Canadian plaintiffs hope to stop the Government of Canada from turning over private bank account information from more than one million United States persons and their families, living in Canada.’
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