Citi 'further expands' its European private banking biz

Citigroup, the New York-based, NYSE-listed, multinational banking company that many U.S. expats still have accounts with, has announced that it's expanding its private banking business in Europe, with new offices set to open in Germany and France. 

U.S. citizenship relinquishment services return to UK, France...

...but expats say they're still very much on hold in Australia 

Americans living in the UK and France who have been waiting for more than two years to relinquish, or give up, their U.S. citizenships are now once again able to do so, as the U.S. offices that handle such relinquishments in these countries have at last reopened.

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.

  • News

France's National Assembly to discuss FATCA reciprocity proposal on Friday

France's National Assembly is set to meet tomorrow to discuss a plan calling for a change to an existing "intergovernmental agreement" currently in place between France and the U.S.  – introduced to enable French financial institutions to comply with the U.S. anti-tax evasion law known as FATCA – that would oblige the U.S. to begin delivering on the "reciprocity" of information exchange that certain French lawmakers say their government understood to have been part of the IGA deal at the time it was agreed to by both parties in 2013. 

  • Tax

French finance minister reassures French banks over FATCA concerns, on eve of TIN reporting deadline

On Tuesday – the last day before all non-American banks and financial institutions around the world were officially required to supply the U.S. authorities with the so-called Tax Information Numbers of all their American clients, or potentially be in breach of the Foreign Account Tax Compliance Act – French Finance Minister Bruno Le Maire issued a statement reassuring France's banks with respect to any American account-holders whose TINs they still don't have.

  • News
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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