What is ADCS Trying to Achieve?
What is the cost of the Canadian lawsuit?
Litigation is very expensive and our opposition, the Government of Canada, has unlimited resources to fight us.
We have now raised $500,000 to pay the cost of the Charter trial, which will take place in 2016. However, we now need by January 1 2016 an additional $70,000 to pay the extra legal costs our Arvay litigator team has incurred related to the summary trial motion.
Some donations will also have to be set aside for other expenses including accounting and auditing fees as required by Corporations Canada. Later there will be new costs, not yet estimated but likely to be much less, for the expected appeals and Supreme Court.
We may never receive any large corporate donation and this giving is really going to hurt. We will provide weekly updates on remaining monies needed.
An accounting of all monies received and expended will be provided to Corporations Canada and posted publicly on the ADCS-ADSC website.
The Government of Canada has signed a ‘FATCA IGA’ (Foreign Account Tax Compliance Act Intergovernmental Agreement) with the United States to help that foreign country acquire assets of those Canadians it alone deems to be ‘U.S. persons’.
FATCA is the enforcement tool for the imposition of that peculiar and punitive U.S. style ‘place of birth’ taxation on the world.
We believe that the Canadian legislation that implements the FATCA IGA violates the Canadian Constitution, Canada’s Charter of Rights and Freedoms, the principles of Canadian sovereignty and democracy, and the fundamental rights of all Canadians.
We are now taking legal action in the form of a lawsuit against the Government of Canada to stop our elected government from imposing the U.S. FATCA law on Canada and Canadians.