IRS Commissioner Rettig says he supports 'reciprocal FATCA'

A brief statement by IRS Commissioner Charles Rettig yesterday, in support of the idea of the U.S. "reciprocating" with respect to the information it currently receives from foreign governments about the overseas bank and financial accounts of U.S. taxpayers – as a result of a 2010 law known as the Foreign Account Tax Compliance Act (FATCA) – has sparked widespread discussion and debate, particularly outside of the U.S.

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Americans and 'accidentals' in Europe react, after EU's Gentiloni quoted saying FATCA not a bloc issue

European Commissioner for the Economy Paolo Gentiloni has again drawn fierce criticism from Americans and accidental Americans in Europe, with his remarks on the the U.S. Foreign Account Tax Compliance Act (FATCA) – this time for saying that the European Commission is technically unable to directly address problems with "the monitoring and enforcement of EU data protection rules" that he acknowledges FATCA is causing. 

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Now France-based 'accidentals' sue State Dept. over still-shuttered renunciation services around the globe

...as a Gambian presidential candidate says her disqualification from running was due to difficulties in being able to renounce her U.S. citizenship 

The Paris-based Association of Accidental Americans on Monday filed a fresh complaint against the U.S. State Department, this time alleging that the continued suspension of voluntary expatriation services in U.S. embassies and consulates around the world was a violation of the U.S. constitution.

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Now Lehagre's AAA files 'request for enforcement' with Dutch data protection authority, over FATCA info transfers

The Paris-based Association of Accidental Americans (AAA) said it has today filed a "request for enforcement" with the Dutch Data Protection Authority (Autoriteit Persoonsgegevens), in which it said it is "demanding an immediate halt to the automatic transfer of European citizens’ personal data to the United States," as part of the Dutch government's compliance with the U.S. tax evasion-prevention law known as FATCA.

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Ass'n of Accidental Americans to crowd-fund complaint over continued closure of U.S. renunciation facilities

The Paris-based Association of Accidental Americans (AAA) has announced that it is planning to file a fresh complaint against the U.S. State Department, in an effort to force it to enable those dual citizens around the world who wish to renounce or relinquish their U.S. citizenships to be able to do so, in spite of the continued closure of many U.S. embassies and consulates, due to the Covid pandemic. 

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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