Sunday, September 19, 2021
PTBC is about normal
principled conservative viewpoints.

PTBC has over 12,000 articles written by several columnists, over 20+ years.

Canada’s FATCA Capitulation

Related Articles

Take a Hint, Canada.

Yahoo News — Dutch Foreign Minister Sigrid Kaag resigned on Thursday after parliament formally condemned her handling of the Afghanistan evacuation crisis.
Too bad Canada doesn't have a Parliament. Or a news media.

Canada Excluded From International China Security Pact

Globe and Mail Dismissed by Justin Trudeau as merely a crass American salesman's move to pawn off the latest high-tech US-built nuclear subs to what we have to therefore assume he thinks are the total idiot Aussies, the three-nation deal didn't even include Canada in the talks leading up to the historic pact. And after Trudeau's comments on the matter (and the aforementioned attitude toward the Aussies), you can understand why.
"Prime Minister Justin Trudeau on Thursday played down Canada’s exclusion from the Indo-Pacific security deal, saying it is merely a way for the U.S. to sell nuclear submarines to Australia ... “This is a deal for nuclear submarines, which Canada is not currently or any time soon in the market for. Australia is.”"
In a clear indication that even Trudeau's political bro Joe Biden doesn't actually take him or Canada seriously anymore (forcing one to wonder if his high-fivin' bro Barack Obama doesn't also come off as a bit two-faced after Obama gave Trudeau a campaign "endorsement" this week), even Canadian officials were left in the dark. Almost like Canada can't even be trusted anymore on any level.

"Three officials, representing Canada’s foreign affairs, intelligence and defence departments, told The Globe and Mail that Ottawa was not consulted about the pact, and had no idea the trilateral security announcement was coming until it was made on Wednesday by U.S. President Joe Biden, British Prime Minister Boris Johnson and Australian Prime Minister Scott Morrison."

Trudeau, in contrast, delayed Canada's Wuhan Virus immunization program by signing a deal not with the Americans or Brits, but with... CHINA, for vaccines, in what turned out to be a total failure with countless Canadian lives lost as a result. What is going on here?

And the science SAYSSS…

National Post —Move over Donald Trump. In their NP Platformed email available to subscribers, columnist Sabrina Maddeaux calmly explains that Justin Trudeau's recent uncontrolled angry outbursts — one at a citizen who was rude, and one at a reporter who dared challenge him with actual reporter-like questions — provides a clue as to his baser instincts. And if you saw these outbursts, you'd agree, it isn't a good look for him or any normal human. But moreover, it's a terrible look for anyone claiming the title of Prime Minister. But it's this new line of anti-science, pure crass political campaign bullshit that has me riled:
"...At a weekend rally in Oakville, Ont., Trudeau revealed his hand when he claimed that, “If you want this pandemic to end, go out and vote Liberal.” He repeated the message again, even turning it up a notch, in Surrey, B.C., on Monday, saying, “If you want this pandemic to end for good, go out and vote Liberal!”
"This is the ultimate false promise by a politician who’s become infamous for making false promises. No one can guarantee he will be able to end the pandemic. In fact, the expert consensus seems to be that there will be no real end to it: the virus will become endemic and we will be forced to live with it, albeit hopefully more normally. ..."
So it's "follow the science," and "the science says... to vote Liberal”? Many, especially the media, would dismiss "bible belt" politicians who insinuated that "God wants you to vote [whatever way].  This blowhard — and his disciples — should be treated no differently.

Two NDP humans resign their candidacy for alleged racist tropes

The National Post headline reads, "Two federal NDP candidates...

Inflation races higher in Canada — another new emergent threat to any economic recovery

Globe and Mail — They're reporting that Canada’s inflation rate jumps to 4.1%, fastest pace since 2003, sending shockwaves to almost nobody in the news media ahead of the stupid election. For example, the state-owned CBC "news media" division of the Trudeau Liberals reports it as their news item number seven or eight from the top. The G&M, as if explaining it to the CBC, wrote:
"The Statscan report arrives just five days before a federal election that’s seen affordability emerge as a key theme on the campaign trail, with all major parties pitching ideas to rein in a variety of costs, including for housing, child care and wireless plans..."
The cost of "wireless plans" is something like priority number 18,539 for me and 99% of the country, but Jagmeet Singh and the NDP — and therefore their loyal media at every opportunity — make out like it's more important than... I don't know.... inflation at 4% and Canada falling out of the economic freedom top ten... to say nothing of trillion-dollar debts and out-of-control budgets, and that thing about the end of our freedom of speech 'n junk like that. But ma wireless plan!!%#

Not “election news,” apparently: Canada drops out of top 10 countries in annual economic freedom report

Fraser Institute — In a sane land with actual journalism, this would be front-page news, one week ahead of an election. "In this year’s report, Canada ranks 14th based on 2019 data, the most recent comprehensive data, part of a downward trend since 2016. (Last year, Canada initially ranked 8th, although data revisions later lowered its rank to 13th.)"
“Due to higher taxes and increased regulation in Ottawa and the provinces, Canadians are less economically free, which means slower economic growth and less investment in Canada,” said Fred McMahon, Dr. Michael A. Walker Research Chair in Economic Freedom at the Fraser Institute.
Economic Freedom of the World: 2021 Annual Report is the world's premier measurement of economic freedom, ranking countries based on five areas—size of government [Canada: 111th], legal structure and property rights, access to sound money, freedom to trade internationally, regulation of credit, labour and business. In this year's report, which compares 165 countries and territories, Hong Kong is again number one—although China's heavy hand will likely lower Hong Kong's ranking in future years—and Canada (14th) trails the United States (6th).

Why isn’t this the biggest story in Canada?

National Review — "Why Isn’t the Attack on Larry Elder the Biggest Story in America?"  Their sub-head put it exactly right:
"A white woman in a gorilla mask threw an egg at a black man seeking to become the first non-white governor of our largest state, and the media shrug."
And they begin their story much as I have over the years: "Do a search for “Larry Elder” and gorilla on the CNN website and nothing comes up. Washington Post? Zilch. Nothing comes up on the New York Times site either..." — only replace those outfits with CBC, CTV, Global, Globe & Mail, etc.
In case you're stupid, let me fill you in: Larry Elder is a black man, but moreover, and in fact almost entirely over, he is a conservative man of considerable intellect and conscience. A Republican.
Indeed, in Canada, wherein they talk endlessly about evvvvvvery instance of "racism" in America in their activist effort to have it spill over into Canada and create divisions here to help fulfill their political ends, they utterly ignored this overt racism doozy. Why? Because they're hypocritical, dishonest, ideological, political... anything but journalists. They should all be ashamed of themselves. But I bet they aren't.
And yet they are so self-assured and arrogant that despite their obvious corruption, which they don't even care if you notice, they continue to demand and accept YOUR taxpayer handouts.

WE: The liberals’, the Liberals’, and Trudeau’s shame —documented in 4-part podcast

The Podcastosphere — I've listened to four parts of the well-done series titled "The White Saviors," narrated by Olusola Adeogun. There will be one more episode. The series documents the "cult" — yes, cult is the word used by an interviewee who worked for them — that is the liberals' own WE organization. I always thought of this WE group as cult-y, and corrupt, and as phony as a Liberal or NDP campaign promise, and as a leftist brainwashing center of bullshittery, but now, more so. Including, or especially because of, Justin Trudeau's participation in it. And the news media's love of it. And Big Public Education's embrace of it. And all of that combined.
The podcast is well described as "the exclusive story of a charity that did well when it was supposed to be doing good."
Produced by Canadaland, which has been on it for years, and arguably broke the story of WE and Liberal Party corruption in 2020.

Click and learn: https://play.acast.com/s/the-white-saviors

Biden’s poll numbers are too embarrassing for the “news” media

RealClearPolitics.com — I bring you the numbers because the others won't. The "news" media only bring you the news they want you to know, filtered through their very special way of telling it to you — because as you know, they're not really a "news media" at all. Therefore, Biden being increasingly underwater, as demonstrated by the scientific data that the news media studiously refuses to follow at RealClearPolitics.com, is ignored. They are lying through omission.
Click to see chart
Read a well-reasoned explanation of Biden's declining poll numbers by Rich Lowry, at Politico, but not at any of the "news media" outlets that couldn't stop reporting on Trump's declining poll numbers.

We won’t “get thru this together,” any more, boyfriend.

Globe and Mail — The Liberals' Globe and Mail division sounded off today on none other than their hero, liberalism's fancy-socked neo-liberal, The Right Woke Justin Trudeau. Seems the marriage is off.
"...We will never find comfort in the Liberal Leader’s corrupted line that we will “get through this together.” He doesn’t mean it. Only certain people matter to Mr. Trudeau – the ones he uses to prosecute identity politics for the singular purpose of furthering his destiny. ..."
The G&M, in a historic fashion reminiscent of the Maclean's revelation of two years ago, suddenly wakes up to discover that the Emperor wears no clothes; or at least those he does wear are just butt-ugly, overly showy, and of poor — possibly Fabrique en Chine —quality. He is, in fact, Right Woke, as I've been saying. And thus, the G&M finally seems to have woken up. Good morning.

As of this past week, the Canada Revenue Agency works for the Internal Revenue Service. The subordination of Canada’s tax authority to its American counterpart came in the form of a euphemistically named “Intergovernmental Agreement” pursuant to the US Foreign Accounts Tax Compliance Act (FATCA).

The result is that starting Canada Day (July 1), Canadian banks and other financial institutions will be required to comb through client accounts containing $50,000 or more to determine if they are “US Reportable.”  They must then inform CRA, which will pass the information along to the United States.

Notwithstanding that Canada’s leaders have subjected their citizens to the most rapacious and malevolent tax department in the world in the form of the IRS, they have committed a craven surrender of national sovereignty.

FATCA, passed by the US Congress in 2010, is an extension of America’s anomalous and larcenous practice of demanding taxes from people, regardless of where they reside in the world.  The United States is one of only two countries that engage in this disgraceful conduct (Eritrea being the other).

Let us eliminate a deliberate misconception: This agreement is not about catching “tax cheats” as its proponents aver and journalists obediently repeat.

It is about expanding America’s oversight of global commerce, while increasing its ability to confiscate funds to which it has no legitimate claim.

Indeed, the only apparent cheating is that of the United States, which assumes the power to demand taxes from people who do not live in that country, do not use any of its public services, and in many cases have never been there.

This is international theft, effected by the threat of fines, prosecution and imprisonment.

Most people, including Americans, are unaware of the United States’ criminal practice of worldwide taxation. Consequently, when breast-beating yahoos proclaim “America, love it or leave it,” they evince ignorance that, as a practical and financial matter, leaving is not an option.

Renouncing US citizenship is no clear solution (although record numbers have done so in recent months), since the American government broadly defines its tax subjects as “US Persons.”  This may include people who have studied or worked in the United States, or who have never set foot on American soil yet have family or business associates with roots there.

Why, then, would Canada acquiesce to such an absurd arrangement?

Some might suggest the deal was struck as a political quid pro quo, to convince President Barack Obama to approve the stalled Keystone XL oil pipeline from Alberta to Texas.  But the prevailing politics of the president’s hesitation have always been domestic, rather than international.

After years of studies and reports, Keystone is the most scrutinized conveyance in the history of running liquid, and its delay persists to appease the environmental left of Obama’s Democratic base, not to force Canada to sell out its own people to the IRS.

If, after November’s congressional elections, Obama at last approves the pipeline, Canadian politicians might claim credit.  But this would strain credulity.

More likely, Canada caved to America’s overt threat that nations not complying with FATCA would face a 30 percent withholding tax on all US-based investments.  Herein lay a true test of character which, for the moment, Canada’s leaders have failed.

It’s easy to be tough with Eritrea, but when the world’s largest economy demands submission to its will and quantifies a sobering sum for non-compliance, real courage is required.

Herewith, therefore, a policy for estimable Canadian leadership: When another country comes along and says their laws will henceforth be your laws, tell them to cram it with maple syrup.

That goes for Eritrea, the United States, and all imperious interlopers in between.

As a dual citizen of Canada and the United States, I appreciate and have benefited from the unique trading relationship of these two countries. But in this case, the United States is being a bully and, like many bullies, needs a smack in the nose.  Canada, meanwhile, needs a leader with the sand to deliver it.

A simple no would suffice. Call America’s bluff, if indeed that’s what it is. If, however, the US means what it says and really were to begin slapping a 30 percent withholding tax on Canadian investors, Canada should respond by granting an immediate tax credit in that amount to affected individuals and institutions.

This may take a bite out of federal tax receipts, but right is right. If America’s largest trading partner were willing to stand up against such preposterous demands, other countries would have the courage and blueprint to do the same.

It also bears mentioning that such a move could make Canada more attractive to international investors. That is, those wanting access to North American markets, yet wary of US tax overreach, would be pleased to see Canada will not go along with it.

Every country has the right to craft and enforce its own laws within its borders.  But when a nation insists that its laws must apply in other countries – as the United States does in this and other instances – that’s a problem.

Through this agreement, Canada has shown the world it lacks the courage to govern itself.  This cannot stand.
[author_bio avatar=”yes” name=”yes”]

 

Follow Joel
Latest posts by Joel Johannesen (see all)

    Your Name (required)

    Your Email (required)

    Your Message

    Do you Have a File to Send?
    If so, choose it below

    This is just a question to make sure you're not a robot:

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    — Normally this would be an ad. It's a doggy. —
    Exit mobile version