tag:blogger.com,1999:blog-4622776924781844427.post12569182225859290..comments2024-03-23T13:43:27.051-04:00Comments on Tax, Society & Culture: Why FATCA is a Tax Treaty OverrideAllisonhttp://www.blogger.com/profile/16733465339926078146noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4622776924781844427.post-33520053447295496592013-01-21T11:04:58.694-05:002013-01-21T11:04:58.694-05:00Allison, thank you for your insight. I am not part...Allison, thank you for your insight. I am not part of the legal community, but my case is one that Peter Dunn highlighted during the FATCA Forum in Toronto. As Peter mentioned, the IRS has seen fit to tax my husband and me on the sale of our home in Canada. It was suggested to me by my MP, John Weston, that Article 25 of the treaty does not support this, but my lawyer disagrees. John stated to me in an email from his office: "I have worked hard on this issue, before and after meeting with her, and have pointed our Prime Minister and Minister of Finance to Article XXV of the Canada-US Tax Treaty, which may contain a saving provision for Canadians, and which more importantly may help the US Authorities find a way to exempt Canadians, or make the situation better for us."<br /> It is a long-shot on my part to hope that a Harvard educated lawyer who studied international relations would be more knowledgeable than one who specializes in cross-border taxation and consults with another with Caplan&Drysdale, the architects of the modern OVDI, but I am giving it a shot. What is your opinion of this? (Please bear in mind that I have next to no legal knowledge). I would be very grateful for your opinion, even it it was "so and so is right". Thank you.bubblebustinhttps://www.blogger.com/profile/01789474207408205280noreply@blogger.com