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Originally Posted by fotze2
So I work for a very American company that owns only Canadian assets. As I get angrier I ponder. Trumpy previously Energy guys are actually not happy with this at all.
What other potential things (even ridiculous) could happen.
- Sieze assets of American owned enterprises?
- Prevent cash being moved? Previous company has a Russian partner and were not alllowed to move cash there and had to be hold cash in trust.
- force additional visa requirements for citizens, like if you were North Korean for just visiting.
- tax 100% American held property in Canada?
- stop CRA IRS cooperation. I know our banks give info to the US. Why I took my wife’s name off all our bank accounts.
Just pondering
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This illustrates the issue with the tariffs overall. Countries want access to the largest economy in the world, so while we can complain and think it’s unfair, but at the end of the day that access is so critical.
I say this because the US has a law called FATCA. It requires that foreign banks and financials hand over information about US citizens abroad to the IRS. Failure to do so means no access to the US markets, and that’s crushing. So, everyone signed on and all that information gets sent to them.
Quote:
Originally Posted by tony-soprano
Trump hasn’t doubled tariffs in response to Canada’s retaliation yet, but he has a call scheduled with Trudeau tomorrow morning; after previously ignoring him. Is he backpedaling now?
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