Finance committee  Canada has a tax treaty with the United States that goes back several decades. There is tax information exchange under it. Since 2008, I believe, or 2009, Canada has had a series of tax information exchange agreements it has signed with countries that do not have tax systems like

Finance committee  What are the consequences of not having a tax treaty? In section 241 of the Income Tax Act, disclosing confidential taxpayer information would not be authorized.

Finance committee  It seems to me, Mr. Rankin, to strain credulity to say that rounding up Canadian citizens and putting them in a pen and telling the United States that their money is here and here they are for the taking does not constitute lending assistance.

Finance committee  The mutual assistance on administration in tax matters calls information exchange a form of assistance. It is one of two forms of assistance.

Finance committee  There is no urgency. There never has been any urgency, in my mind, because Canada has been the only country on the list since before the IGAs were even conceived by the United States. The United States has used our exchange regime with them as a carrot with the rest of the world.

Finance committee  Thank you, Mr. Chair. Thank you so much for inviting me to speak to the committee regarding the portion of Bill C-31 that enacts FATCA in Canada. While tax law professors are generally not known for brevity, I hope to be succinct and clear in conveying two points to this commi