Dutch ministers, banking industry ass'n say FATCA info deadline again pushed back, as talks continue

Accidental Americans who live in the Netherlands have been told that banks in the country have agreed not to require either their Social Security numbers or Certificate of Loss of Nationality in order to keep their accounts open until Sept. 1, 2022.

The news came last month, while Dutch finance minister Wopke Hoekstra last week revealed that he and his fellow ministers are continuing to press their U.S. counterparts over the way they require Dutch financial businesses to enforce the U.S. tax evasion prevention law known as FATCA.

  • News

Dutch media, politicians' focus returns to Dutch 'accidentals' and their bank account issues

A hard-line written response by Dutch Finance Minister Wopke Hoekstra to the latest in a series of questions put to him and other Dutch officials over the past two years, about the banking problems so-called “accidental Americans” have been struggling with, has thrust the issue back into the media spotlight in the Netherlands, at least, since it was posted on the Dutch government's website on Oct. 6. 

  • Tax
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Opinion

Ross McGill: ‘FATCA isn’t the problem: CBT is’ 

Ross McGill: ‘FATCA isn’t the problem: CBT is’ 

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