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NO TAX ON TRUSTS($FLOWT) > Forum $FLOWT > Email from CAITI--February 9, 2007 View modes: 
  • Email from CAITI--February 9, 2007

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    Email from CAITI--February 9, 2007
    Dear CAITI member
    Since we launched CAITI on January 15, 2007, we have been very busy on behalf of
    our members.
    On Jan. 15 we launched Phase 1 of our website, and have had a
    tremendous response to our membership drive.
    As Parliament resumed on Monday Jan 29 and Tuesday marked the start of the
    Public Hearings with the Standing Committee on Finance, CAITI ran full page ads
    (see attached) on the theme of transparency and accountability.
    These ads appeared in Ottawa's Hill Times (back cover), and in the main sections
    of the Ottawa Citizen and National Post (to view please go to ). We also ran a series of "banner
    ads" during the week in the National Post and La Presse, that featured our new
    toll-free membership number for those without internet access.
    CAITI was instrumental in providing needed momentum to bring about these public
    hearings, as was the work of many of our members' letter-writing campaigns to Mr
    Harper, Mr Flaherty and their local MPs.
    CAITI CEO Brent Fullard was invited to present CAITI's position at the hearings,
    which he did on Tuesday Jan 30. The documents presented by CAITI are all
    available on our website under Public Hearings.
    While in Ottawa, Brent was able to meet briefly with Stephane Dion, Michael
    Ignatieff, Ralph Goodale and Liberal Finance Critic John McCallum and Liberal
    MPs Jim Peterson and Paul Szabo. In addition Brent met Jack Layton and NDP
    Finance Critic Judy Wasylycia-Leis, and Green Party president Elizabeth May. At
    the hearings themselves, Brent introduced himself to Jim Flaherty but Flaherty
    was unwilling to engage in any meaningful dialogue or substantiate the basis for
    his repeated comments about the existence of a "tax loophole", an oft repeated
    phrase in Flaherty's scripted comments before the Finance Committee.
    Following the hearings CAITI ran another full page ad in the National Post on
    the theme of the false allegations of tax leakage.(to access please go to ). Meanwhile many of CAITI's
    US investor members have begun writing to the US Secretary of the Treasury,
    requesting that the Secretary not respond favourably to Flaherty's call for
    greater free flow of investment capital between our two countries.
    These US investors are warning the US Treasury Secretary that there are
    unwarranted risks presently associated with the Canadian capital markets under
    the current Canadian government that make such an arrangement inappropriate at
    present, as the newly imposed tax regime is wholly unsubstantiated. These US
    investors are not challenging the Canadian government's right to introduce new
    tax measures, but feel these Measures need to be substantiated first, given the
    severe financial impact to investors on both sides of the border. US investors
    who wish additional information on this initiative should contact
    [email protected] and we would be pleased to provide you with sample letters.
    Next week the public hearings continue, this time with testimony from those most
    adversely affected, namely investors. There will be testimony Provided by four
    individuals who are members of CAITI. We understand these proceedings will be
    available on Parlvu. We recommend that you view the hearings on Parlvu rather
    than ROB TV, to ensure full coverage of the testimony that is free of commercial
    interruption. ( )
    We look forward to implementing Phase 2 of our website that will make the site
    more interactive with the start up of the Member Vox Box and a Ticker tape on
    the home page to alert visitors to up to the minute events.
    All of these initiatives have been made possible through your generous support
    and for that we thank you.
    In closing we encourage you to invite your friends family and co- workers to
    join CAITI, as membership fees are optional. As you know, we have two categories
    of membership for individuals. Investor Members and Concerned Canadians. Thank
    To join: or 1-877-494-3430
    This NewsAlert is automatically generated. Please do not reply unless you wish
    to unsubscribe. To unsubscribe please reply with "Remove" in the subject line.

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