I think the United States is in a unique position because it taxes its citizens based on citizenship. So if a U.S. citizen lives in the Bahamas, they still have to file a report of U.S. return. Same thing in Canada.
The problem with FATCA is that essentially it's the extraterritorial application of U.S. law. In other words, Canada is allowing the U.S. to get information directly from a Canadian financial institution about a Canadian resident. But short of that, you'd have to have a multilateral FATCA in order to achieve and get the results and get the information that the government would need in order to pursue the—