Tweede Kamer hearing outcomes: Dutch data protection authority to be asked to revisit FATCA; Dutch banks to be asked not to close accounts

Dutch Tax Affairs and Tax Administration secretary Marnix van Rij said on Wednesday that he plans to ask – for a second time – that the country's data protection authority, known as the Autoriteit Persoonsgegevens, or AP, revisit the U.S. tax law known as FATCA, in view of significant data protection concerns that were first raised in 2020 by the European Court of Justice's striking down of the main mechanism that EU member states have traditionally relied on to protect the personal data of their citizens.

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Latest Greenback Tax survey finds more U.S. expats considering renouncing their citizenships, as tax filing frustrations remain unaddressed

Around 26% of some 3,200 American expats living in 121 countries around the world say they are either definitely "planning to renounce" their U.S. citizenships or are "seriously considering" doing so – with most citing the tax issues they, as U.S. expats, are obliged to deal with as the reason, according to  summary of the findings of Greenback Expat Tax Services' latest annual survey.

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Today is Tax Day for U.S. expats (but there's always October, for those who request an extension...)

June 15 may be best known to many as the day that, in 1215, the Magna Carta – a precedent-setting "royal charter of rights" – was signed (by the application of a seal) by King John of England, at a place called Runnymede.

To millions of American expats around the world, though, it is famous for being the day that their U.S. taxes are due, unless they've applied for an extension to October – which they are within their rights to do, but it's not automatically given to them...

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EU pushback on FATCA continues, as expats look for signs of commitment to their tax frustrations as election approaches

Following on from a written commitment made back in February by France's economy minister, Bruno Le Maire to the head of a France-based "accidental American" advocacy group – in which Le Maire stated that issues relating to the American law known as FATCA would be a priority during France's six-month Council of the European Union presidency, which began in January – a debate on the subject is now scheduled to take place in the Dutch House of Representatives (known as the Tweede Kamer) next week.

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IRS quietly removes its tax quotations collection from website

For years, ordinary taxpayer as well as seasoned tax professionals (and even, we can reliably say, certain financial journalists) who've been seeking answers to tax queries on the IRS's website have stumbled across a surprising – and for most, we think – endearing feature: a collection of some 15 tax quotations.

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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