Tag Archives: Canadian banks FATCA

Part 15: What God Hath Wrought – The #FATCA Inquisition (Review, Identify and Report on “U.S. Persons”) – @RepealFATCA on: Why the Canadian banks supported the #FATCA IGA

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Jim Jatras of RepealFATCA.com has been a long time opponent of FATCA. He has also been one of the best (if not the best) educators on what FATCA is really about. He spoke at the original “FATCA Forum“, (organized and sponsored by Canada’s Progressive Canadian Party) in 2012. He recently granted an extensive FATCA interview with U.S. tax law firm IRSMedic. Mr. Jatras has an unusually broad understand of FATCA, the American political process and how FATCA could ultimately be defeated.


The above tweet references a letter to the Toronto Star that includes:

Canada’s capitulation to this expensive, invasive and anti-sovereign demand is unnecessary. Canada has many tools to resist FATCA, from World Trade Organization and legal challenges to reciprocal, dollar-for-dollar withholding of payments to U.S. institutions. A “no” from Canada could itself doom FATCA in light of growing U.S. domestic opposition. A FATCA repeal bill has been introduced by Senator Rand Paul, a leading 2016 presidential prospect. The Republican Party, which recently approved a resolution advocating FATCA repeal, will continue to control the House and likely will capture the Senate this year.

What follows are two of his best interviews.
Jim Jatras – 2016


Jim Jatras – 2012