Some 29 Swiss banks, including UBS, Credit Suisse, Julius Baer and J. Safra Sarasin, have been warned that they have until April 13 to provide the U.S. tax authorities with information on their U.S. account-holders, as part of Switzerland's agreement to comply with the American anti-tax evasion law known as FATCA.

American expats and spokespeople for organizations representing them have been asking questions about the scale of U.S. expat data being forwarded to the U.S. under the Foreign Account Tax Compliance Act, after the latest Canadian Revenue Agency (CRA) report of such data revealed that around two thirds of the accounts sent actually fell below the US$50,000 FATCA reporting minimum threshold. 

Two long-serving Democratic congressmen yesterday unveiled what they're calling the Stop Tax Haven Abuse Act, which they say would "close egregious offshore tax loopholes that allow companies to avoid taxes" by making their U.S.-made profits to "magically appear on the books in tax havens like the Cayman Islands."

More Americans handed their citizenships back to Uncle Sam in 2020 than during any other single year to date, in spite of the fact that U.S. embassies and consulates around the world – which are needed to process such citizenship renunciations – were closed or offering reduced services for most of the year, data published today reveals.

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."

HM Revenue & Customs, the UK government's tax collection agency, has turned down a request by the U.S.-born FATCA challenger known as "Jenny" to waive any so-called "adverse party costs", in the event that Jenny were to pursue her complaint that the UK’s Information Commissioner’s Office had turned down – and lose.

In what many American expats will hope could at last bring expat issues onto the agenda in the final weeks of the U.S. presidential campaign, the Republicans Overseas has asked White House chief of staff Mark Meadows to call on President Trump to use his authority, as president, to begin to make some of the changes these expats have long been calling for, but which Congress has failed to address.

Since Monday, Expatriates around the world have been re-tweeting and otherwise sharing a Bloomberg opinion piece that clearly explains what its writer says is the reason so many Americans have been renouncing their citizenships recently: "the nightmare of American tax and financial reporting".

Lawyers and campaigners against the American tax evasion law known as FATCA say that last week's European Court of Justice (CJEU) ruling, which struck down the main mechanism used by the EU to protect the personal data of EU citizens when it's transferred to the U.S., represents a potential "game changer" – and could force Europe's courts to revisit the way FATCA compels Europe's banks and financial institutions to pass information on their U.S. citizen and Green Card-holding account-holders to the U.S. 

The historical origins of privacy law, in the context of EU human rights principles, and the disproportionate elements of America's FATCA legislation are among the topics discussed in the first-ever podcast interview of the U.S.-born FATCA challenger known only as "Jenny", along with her lawyer, Mishcon de Reya partner Filippo Noseda.