Refine by MP, party, committee, province, or result type.
Finance committee of the geographical boundaries of the United States. However, there are a number of things that this person can do. They can renounce their American citizenship if they don't want to pay American taxes. That's not been suggested here, but that's the reality of this situation. There are many
May 1st, 2014Committee meeting
Gerald KeddyConservative
Finance committee Okay, I'll try to be quick. On the Foreign Account Tax Compliance Act, or FATCA, we know that Americans have always had to pay income taxes in the United States, even when they've lived abroad. The U.S. has been much more aggressive in tracking down such compliance
May 6th, 2014Committee meeting
Gerald KeddyConservative
Finance committee Thank you, Mr. Chairman. Welcome back to our witnesses. We're going to see quite a bit of one another in the next few finance committee meetings. I want to revisit FATCA. I'm listening to the sky is falling scenario coming from the opposition and I just can't quite buy it. So I
May 6th, 2014Committee meeting
Gerald KeddyConservative
Finance committee . That leads to my question and the very difficult decision that some individuals may have to make. If they really don't want to pay taxes in the U.S., then they would have no choice, I would expect, but to renounce that American citizenship and the benefits that come with it. If they do
May 6th, 2014Committee meeting
Gerald KeddyConservative
Finance committee this is new is incorrect. American citizens have always had a tax liability due to their citizenship and, quite frankly, we can't change that. All we can do is put some parameters and some rules around it, and that is what FATCA has done. Mr. Brison started to ask the question, and really
May 14th, 2014Committee meeting
Gerald KeddyConservative
Canada-U.S. Relations . citizens who were residents or citizens of Canada, directly to the IRS, thus potentially violating Canadian privacy laws. That was a key concern. Without an agreement in place, obligations to comply with FATCA would have been unilaterally and automatically imposed on Canadian financial
May 29th, 2014House debate
Gerald KeddyConservative
Finance committee financial institutions and their clients being exposed to the U.S. FATCA withholding tax. Finally, I want to say there's really some misleading information being put out here. U.S. citizens have always been applicable to paying taxes in the U.S. if they were following the tax regime
May 29th, 2014Committee meeting
Gerald KeddyConservative
Finance committee complicated process that we're trying to find a reasonable way, through the FATCA agreement and through the IGA, to work through. To be fair, I think the officials have done a very good job at doing that. In closing, Mr. Chair, I want to make it clear once again. There's a lot of talk
May 29th, 2014Committee meeting
Gerald KeddyConservative
Finance committee are also a citizen of another country. If that country happens to be the United States, then you fall under the rules of FATCA and that's not anyone's making but the American tax law. Unfortunately, there will be some people who are caught up in this who may be caught in a larger net
May 29th, 2014Committee meeting
Gerald KeddyConservative
Economic Action Plan 2014 Act, No. 1 Mr. Speaker, I welcome the question from my colleague who is absolutely correct. He sits with the opposition members on the finance committee. I thought we had a very conclusive and thorough debate on the implications of FATCA to American citizens living in Canada and their tax
June 4th, 2014House debate
Gerald KeddyConservative