A meeting to discuss possible ways of resolving the problem that thousands of so-called "accidental Americans" living in Europe have been having in keeping their EU bank accounts from being closed is scheduled to take place today between officials from the office of the EU Council president and representatives of the U.S. Internal Revenue Service.
Starting today (Jan. 1, 2022), France formally assumes the presidency of the Council of the European Union for six months – a position that some in Europe see as a time when it will have a unique, if temporary, ability to influence the council's all-important legislative agenda.
The head of the German Presidency of the EU has written a strongly-worded letter to the head of the U.S. Internal Revenue Service on the subject of the U.S. law known as FATCA, and what he calls "the continuing challenges EU residents with U.S. citizenship are encountering in connection with the application of the FATCA – Exchange of Information under Intergovernmental Agreements (IGA) by the the EU Member States."
In the early years of this century, a number of major media exposés reported how Homeland Americans, as well as rich people from other developed and developing countries, were making...
Mar-18-2023
