EU to push 'for a more permanent solution' to accidental American issues at meeting with U.S. this week

The European Union intends to "ask about the posibility [of] a more permanent solution" to the problems Europe's "accidental Americans" are continuing to struggle with as a result of the 2010 U.S. Foreign Account Tax Compliance Act this week, when the latest in a regular series of bilateral meetings between the EU and U.S. is set to take place, an EU official has said. 

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Accidental Americans' District Court moment focuses on expatriation fees; costs; constitutional issues

Exactly how much the U.S. government is justified in expecting American citizens looking to expatriate to pay to do so was extensively discussed and debated during yesterday's hearing in Washington, D.C.'s E. Barrett Prettyman District Courthouse, by the legal teams representing both sides in a two-year-long legal challenge of the current U.S. citizenship renunciation regime. 

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U.S. gov't announces intent to slash citizenship renunciation fee by four-fifths, ahead of Monday hearing

In one of the most potentially significant moves thus far by the U.S. government aimed at helping so-called "accidental Americans" and other expats who have been struggling since 2010 with their tax reporting obligations, the U.S. State Department has announced its "intent" to reduce the fee it charges those seeking to renounce their citizenships to US$450, from its current US$2,350.

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Mixed response in Expatland as U.S. Treasury unveils plans for new FATCA reporting 'guidance' for 'FFIs'

The news that banks in the Netherlands will not, in fact, be obliged to begin requiring their U.S. person account-holders to have U.S. Taxpayer Identification Numbers (TINs), such as Social Security numbers, as of Sept 1, has (unsurprisingly) been welcomed by such TIN-lacking U.S. persons in that country.

(Particularly since Sept. 1 came and went more than a week ago...)

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Dutch finance secretary issues '4th FATCA Progress Letter', as Dutch Accidental Americans enquire 'what progress?'

The back-and-forth between the Dutch government and so-called accidental Americans who happen to be Dutch residents and citizens has resumed within the last few days, with a "Fourth Progress Letter [on] FATCA" having been issued on Monday by the country's State Secretary for Finance, Marnix van Rij. As usual, a response was immediately forthcoming from the Netherlands Association of Accidental Americans (NLAA) – which, again as usual, insisted that in fact, "no progress" on FATCA had yet been made. 

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French Senate rejects National Assembly's FATCA reciprocity amendment

To the disappointment of many accidental Americans in France, France's Senate on Tuesday night "adopted an amendment aimed at deleting" an addition to the government's latest Finance Bill which would have required the U.S. government to "reciprocate" with respect to the information it currently requires French banks and financial institutions to provide the U.S. about the accounts of their American citizen clients, in compliance with the U.S. tax evasion-prevention law known as FATCA.

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Opinion

AXFNJ Podcast: Dubai private asset manager for U.S. expats Vince Truong explains why everyone needs ‘a financial roadmap in place’

AXFNJ Podcast: Dubai private asset manager for U.S. expats Vince Truong explains why everyone needs ‘a financial roadmap in place’

Hearing Americans who've been living abroad for 10 or more years, and sometimes for most of their adult lives, describe how they got there is always interesting, I find. Many...

Dec-15-2022