Time magazine is latest mainstream U.S. publication to run major story on plight of America's 'accidentals'

Time magazine, one of the longest-established and best-known weekly magazines in the U.S., has become the latest mainstream media outlet to run a major article about America's so-called "accidental Americans," and their struggles to maintain bank accounts in the countries in which they live and are citizens of, as a result of the controversial U.S. law known as FATCA. 

  • News

EU Council's Kreienbaum, to IRS Commissioner Rettig: We need to talk about FATCA

The head of the German Presidency of the EU has written a strongly-worded letter to the head of the U.S. Internal Revenue Service on the subject of the U.S. law known as FATCA, and what he calls "the continuing challenges EU residents with U.S. citizenship are encountering in connection with the application of the FATCA – Exchange of Information under  Intergovernmental Agreements (IGA) by the the EU Member States."

  • Tax

More Dutch banks turning away 'unintentional Americans', latest NRC Handelsblad report reveals

Two of the Netherlands' largest banks, ABN AMRO and Rabobank, are also prepared to close the bank accounts of "unintentional Americans" if these individuals "do not cooperate with the U.S. requirements" that they provide tax information numbers, such as a Social Security number, or evidence that they have entered into the U.S. system for relinquishing their citizenships, according to a report published on Friday on the news website NRC.nl.

  • Tax

Proposed FATCA reciprocity amendment to France's 2021 Finance Bill seen derailed, after declared 'inadmissible' in Senate

 A proposed amendment to France's 2021 Finance Bill, which would have obliged the U.S. to reciprocate with respect to the information it currently receives from France under FATCA, has been declared "inadmissible" by the chairman of the French Senate's finance committee, and thus will not be included in the final draft of the legislation, it was announced over the weekend.

Now France's Senate to consider FATCA reciprocity amendment to 2021 Finance Bill

Less than two weeks after the sponsors of a proposed amendment to France's 2021 Finance Bill that would have obliged the U.S. to reciprocate with respect to the information it currently receives from France under FATCA withdrew it from consideration at the last minute, three members of the French Legislature's upper house have tabled a similar amendment.

  • Tax
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Opinion

AARO, to Biden, Harris: 'Congratulations, let's work together on behalf of overseas Americans'

AARO, to Biden, Harris: 'Congratulations, let's work together on behalf of overseas Americans'

Today, Jan. 20, is Inauguration Day in Washington, D.C., when Joe Biden is due to be sworn in as the next president of the U.S. Here, William Jordan, president of...

Jan-20-2021