WHAT DO AMERICANS HAVE ..

WHAT DO AMERICANS HAVE
THAT CANADIANS DO NOT?

A Government that recognizes a tax atrocity when it is told about it and then does something decent and tangible to correct the problem.

THAT IS WHAT.

A comparison between the USA Government’s correction of their
defective AMT Legislation which produced taxes on phantom profits.

Whereas the Canadian Government does not acknowledge an identical defect in our taxable benefit legislation.
By Victor Drummond ©
October 2008

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How many readers of this blog have ever heard of the “CFT”?

Not many judging by the feedback – or lack thereof – reaching me via comments to this blog series and/or e-mails to me via:- vic.drummond@sympatico.ca

Those who have read – one or more of my postings know all about “CFET” and know it is the acronym for the group of Canadians dedicated to petitioning the Canadian Government to resolve the ESPP/ESO issue which has victimized thousands of honest, hard-working Canadians. This Canadian tax atrocity has caused the financial ruin and stress sufficient to trigger heart attacks for many thousands of honest hard-working Canadian taxpayers.

The stated purpose and objective of the USA group called:- “The Coalition for Tax Fairness”, (CFT), is word-for-word identical to the stated purpose and objectives of the Canadian counterpart organization is called:- “Canadians for Fair and Equitable Taxation”, (CFET).

Both the CFT and the CFET have appealed to their representatives -- in government -- for correction of the legislation that produced unjust tax on money never received and compensation for those who have already been victimized.

The problem tax has been operating in both countries for at least eight years.

The CFT government representatives acknowledged there was a problem and introduced one or more bills -- to correct the situation -- to their Congress, and associated government agencies. The most recent being the Kerry/Lieberman bill to accelerate the compensation of those taxpayers already victimized.

Although the USA is more deeply affected -- by the current world economic crisis than is Canada -- they have found the distress of those unjustly taxed -- to be sufficiently important to pass corrective legislation now.

Is the distress of the overtaxed American citizen of greater importance to their government than an identical overtaxed Canadian is to the Canadian government?

Read the entire pdf reference document below and decide for yourself.

Below is the opening sentence of the pdf file announcing final passage of the corrective legislation by the American government.

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WASHINGTON, DC … October 3, 2008 --- The Coalition for Tax Fairness (CTF), an organization working to address the Incentive Stock Option Alternative Minimum Tax (ISO AMT) crisis, and ReformAMT, a grassroots tax reform organization dedicated to resolving the ISO AMT crisis,

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The entire text can be viewed at the following link:-

http://www.fair-iso.org/images/ISO_AMT_Relief_Passage-Final.pdf

Whatever your opinion may be of the USA Government they do not take a back seat when it comes to representing their citizens. CFET members have been appealing -- to their elected representatives for correction of their identical unjust tax penalties -- for at least eight years and under two different political parties. To date no Canadian Political party has recognized a problem.

All the majority -- of Canadian victims -- have to show for their efforts are a stack of boiler plate replies and/or a reply that states you are not entitled to the same tax remission granted the former employee’s of the Saanich B.C. SDL/JDSU Corporation.

Why not? No one in authority can – or will – say.

Apparently Canadian taxpayers do not rate equal -- and/or fair – treatment and/or justice – or defence of their rights – by their elected representatives that the American taxpayer has now received.

Why not?

I would guess it is because it appears the average Canadian will just suck it up and do nothing about it.

There will not be any protest marches, and No crowd of angry citizens waving placards and shouting we want justice – on parliament hill.

There will not be full page newspaper adds decrying the lack of government action and No radio talk-show hosts, such Lowell Green of CFRA, or television political commentators such as Rex Murphy or Mike Duffy criticizing our government inaction on this issue.

Why not? Then again do not be so sure that these things will not happen.

It appears our elected representatives believe their constituents have no reason and/or no right to expect them to do anything to protect them from Government abuse.

And as long as we Canadians just suck-up such abuse things will never change for us.

If you are a Canadian who is public spirited enough to run in a marathon -- or organize a public event -- to help one or more worthy causes then consider doing the same for those victimized by the same kind of defective tax legislation the USA government has now seen fit to correct.

If you want to do your part -- to correct this on-going abuse of your fellow Canadians -- please contact CFET at email:- inquiry@cfet.ca and/or send me an e-mail at vic.drummond@sympatico.ca and/or post a comment to this article.

Victor Drummond ©

P.S.:- Although my postings are marked © copy write I will make any and/or all my postings available at no cost to any publisher, radio and/or television producer who wants to use my material in support of the CFET objectives.