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wiki:contents:fatca [2019/10/09 08:15]
karen
wiki:contents:fatca [2019/11/26 21:30] (current)
karen [Measuring the Benefits and Impact of FATCA]
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 To fill this information gap, we did an FOI request at the end of 2017 - reported on the blog [[http://​fixthetaxtreaty.org/​2018/​02/​08/​what-did-we-learn-from-our-ato-foi-request/​|here]]. A request to update this data was made at the end of 2018, and denied by the ATO stating that releasing this data would harm the international relations of the Commonwealth. We requested an internal ATO review which upheld the original decision. We are currently appealing the decision with the Office of the Australian Information Commissioner. To fill this information gap, we did an FOI request at the end of 2017 - reported on the blog [[http://​fixthetaxtreaty.org/​2018/​02/​08/​what-did-we-learn-from-our-ato-foi-request/​|here]]. A request to update this data was made at the end of 2018, and denied by the ATO stating that releasing this data would harm the international relations of the Commonwealth. We requested an internal ATO review which upheld the original decision. We are currently appealing the decision with the Office of the Australian Information Commissioner.
  
-In Canada there has been an attempt to get similar information from the Canada Revenue Agency. As reported on the Isaac Brock Society website, a series of questions were officially [[http://​isaacbrocksociety.ca/​2016/​01/​22/​bravo-mp-dusseault-for-keeping-the-pressure-up-on-fatca/​|asked in Parliament]],​ and [[http://​isaacbrocksociety.ca/​2016/​06/​07/​canada-revenue-answers-to-key-questions-on-what-fatca-turned-over-to-us-irs-in-2015/​|answered by CRA]].+In Canada there has been an attempt to get similar information from the Canada Revenue Agency. As reported on the Isaac Brock Society website, a series of questions were officially [[http://​isaacbrocksociety.ca/​2016/​01/​22/​bravo-mp-dusseault-for-keeping-the-pressure-up-on-fatca/​|asked in Parliament]],​ and [[http://​isaacbrocksociety.ca/​2016/​06/​07/​canada-revenue-answers-to-key-questions-on-what-fatca-turned-over-to-us-irs-in-2015/​|answered by CRA]]. In 2019, additional data was released in Canada. [[http://​isaacbrocksociety.ca/​2019/​11/​12/​canada-revenue-sent-information-on-900000-financial-records-from-canadian-residents-to-irs-for-2018-tax-year-so-what-did-we-get-in-return/​|Canada Revenue Sent Info on 900,000 Financial Records From Canadian Residents to IRS for 2018 Tax Year]] and [[https://​www.cbc.ca/​news/​politics/​fatca-tax-us-canada-1.5353942|Nearly a million Canadian bank records sent to IRS]].
  
 On the US side, The Treasury Inspector General for Tax Administration (TIGTA) [[https://​www.treasury.gov/​tigta/​auditreports/​2018reports/​201830040_oa_highlights.html|published a report in July 2018]] titled //Despite Spending Nearly $380 Million, The Internal Revenue Service Is Still Not Prepared To Enforce Compliance With The Foreign Account Tax Compliance Act//. On the US side, The Treasury Inspector General for Tax Administration (TIGTA) [[https://​www.treasury.gov/​tigta/​auditreports/​2018reports/​201830040_oa_highlights.html|published a report in July 2018]] titled //Despite Spending Nearly $380 Million, The Internal Revenue Service Is Still Not Prepared To Enforce Compliance With The Foreign Account Tax Compliance Act//.
wiki/contents/fatca.txt · Last modified: 2019/11/26 21:30 by karen
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