Retired, 'unintentionally American' former KLM pilot may lose bank account due to FATCA

Ronald Ariës is a 62-year-old Dutch citizen, who is retired from KLM, the Dutch airline. He is one of "dozens" of Dutch citizens who have been told that they "will soon lose their bank accounts" because they are "unintentionally American", but are resisting their banks' insistence that they formalize their American status by getting a Tax Identification Number, so that the banks will be able to comply with the U.S. tax evasion law known as FATCA, according to a report published last week by NRC Handelsblad, a major Dutch media organization, the website of which is NRC.nl.

  • Tax
Subscribe to this RSS feed

Opinion

Essential Financial Acronyms for Americans Living Abroad

Essential Financial Acronyms for Americans Living Abroad

The American Expat Financial News Journal’s “Essential Financial Acronyms for Americans Living Abroad” is designed to help our fellow Yanks in Expatland to navigate the international seas of the financial...

May-05-2022