Canadian residents that have dual U.S./Canadian citizenship are opposing the way U.S. tax laws are being enforced abroad. U.S. citizens are obliged to pay taxes to the United States on their world-wide income, as well as to disclose any funds in foreign bank accounts holding more than $10,000. This has been the law for many years. What is new is that enforcement of the FBAR (U.S. Foreign Bank and Financial Accounts) filing requirements have been stepped up, and those who took advantage of a recent voluntary disclosure period to report their foreign assets to the IRS, could be fined anywhere between five and 25 percent of those assets. Now a U.S.-born Canadian lawyer is recommending that dual citizens in Canada stay away from the U.S. until issues concerning a recent U.S. measure to step up enforcement of tax laws abroad are settled. The Canadian lawyer says that with so many of them living in Canada, dual citizens not traveling to the United States would have a noticeable impact on the U.S. economy. Dual citizens in Canada are also worrying about a new measure, the U.S. Foreign Account Tax Compliance Act, requiring banks abroad to report assets held by U.S. citizens. This law will take effect in 2014. According to the Canadian lawyer, there are approximately one million Canadians with dual U.S. citizenship. He sees the new measures as a violation of Canada’s sovereignty, and he believes it is up to the Canadian banks to fix this issue.