“If China, Russia, Mexico, Iran or Eritrea were demanding Canadian banks and other financial institutions submit private financial information on Canadian citizens and residents to those countries, there would be outrage. If Canadian banks were spending millions of dollars preparing to develop systems to report information on Canadian citizens and residents to those countries, there would be outrage. If the Canadian government were ‘actively seeking a solution that both countries will find agreeable,’ there would be outrage. If Canadian media were calling Canadian citizens and residents born in those countries ‘tax cheats,’ and advising them to ‘come clean,’ there would be outrage.”
http://opinion.financialpost.com/2013/09/17/dual-canadian-american-citizens-we-are-not-tax-cheats/