New European Parliament 'update' of 2018 report on FATCA said to acknowledge many FATCA critics' concerns

(..as FATCA critics respond with calls for immediate EU action)                                                                          

A new report by a European Parliamentary think tank that had been commissioned by the Parliament's Committee on Petitions (PETI) to "update" a previous report on the subject of "FATCA Legislation and its Application at the International and EU Level" is being welcomed by FATCA critics in Europe for its acknowledgement of certain  concerns about the way the U.S. Foreign Account Tax Compliance Act is implemented that the original report didn't fully identify.

  • News

Dutch lawmakers to again address FATCA, on Tuesday

This coming Tuesday, members of the Dutch House of Representatives will once again take up the issue of the American tax evasion prevention law known as FATCA, and the problems it is continuing to cause for thousands of Dutch citizens with mostly historic links to the U.S.

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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

Dutch finance minister confirms banks don't need American clients' TINs for now, but questions remain

Dutch finance minister Johannes "Hans" Vijlbrief has responded to more than 20 questions posed to him by three Dutch lawmakers last month, on behalf of so-called "accidental Americans" resident in the Netherlands who have been struggling to maintain their Dutch bank accounts, by insisting that it would be "premature for banks to close, block or freeze" the bank accounts of such dual Dutch/American clients now, just because these clients had failed to provide these Dutch banks with a U.S. "Taxpayer Identification Number (typically a Social Security number). 

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Accidental Americans call for urgent action in meeting with Dutch lawmakers over frozen bank accounts

Representatives from two American expat organizations that met yesterday with around half a dozen members of the Dutch House of Representatives in the Hague said they believed that their urgent call for government action to deal with the problems of thousands of  bank accounts belonging to "accidental Americans" being closed was at least acknowledged, and the groundwork laid for further discussions. 

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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