BREAKING: 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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AXFNJ Podcast: Retired Dutch pilot Ariës discusses his recent court victory with John Richardson

Over the last few years, thousands of so-called "accidental Americans" have grudgingly accepted the unexpected news that the U.S. considers them to be U.S. citizens, even though they had lived their entire lives, since birth, as citizens of other countries – and as a result of this news, are considered to have tax-reporting and potentially tax-paying obligations.

BREAKING: Potential major precedent seen, as Dutch court rules in favor of 'unintentionally American' pilot Ariës

In a ruling that has left many "accidental Americans" (as well as ordinary American expats) cheering, a Dutch court ruled yesterday (Dec. 29) that a Dutch citizen born in the U.S., but with no other connection to that country, is entitled to keep his accounts with his local bank, even if he doesn't provide it with a U.S. Tax Identification Number (TIN), as long as his total holdings in these accounts don't exceed US$50,000. 

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Opinion

AXFNJ Podcast: Retired Dutch pilot Ariës discusses his recent court victory with John Richardson

AXFNJ Podcast: Retired Dutch pilot Ariës discusses his recent court victory with John Richardson

Over the last few years, thousands of so-called "accidental Americans" have grudgingly accepted the unexpected news that the U.S. considers them to be U.S. citizens, even though they had lived...

Jan-05-2022