Campaigners over the way the U.S. tax evasion-prevention law known as FATCA is being enforced throughout Europe have begun writing to EU officials – and making this  correspondence public – to ask why it's taking so long for the EU to respond to questions formally raised more than a year ago over FATCA's compatibility with EU data protection regulations.

An English-language news website based in Amsterdam has become the latest non-U.S. media organization to highlight the struggles that overseas-resident Americans – "accidental or otherwise", as it says in its headline – are having, in dealing with the U.S. tax evasion-prevention law known as FATCA. 

In what's being seen as a potentially significant development, the Steering Committee of the Democrats Abroad's Taxation Task Force has announced that it has "voted in support of submitting a resolution to 'update' the Democrats Abroad FATCA policy from 'reform' to 'repeal'."

A major new U.S. Treasury Inspector General for Tax Administration (TIGTA) report released last week, detailing what it says are a number of shortcomings in the way the IRS has overseen compliance with FATCA since it was introduced in 2010, is the latest in a growing body of evidence of the need for Congressional hearings to be held into some of the taxation and citizenship issues America's expats are currently struggling with.

A major report detailing what are said to be the compliance shortcomings of the Foreign Account Tax Compliance Act, just made public within the past 24 hours by the U.S. Treasury Inspector General for Tax Administration, has sparked interest and concern among FATCA-watchers around the world, including American expatriates and the tax experts, lawyers and political advocates who represent them.

In a rare live webinar interview with a financial media representative, IRS Commissioner Charles Rettig is set to discuss "the current state of the IRS" this afternoon at 2pm EDT (7pm British time, 8pm CEST) with Tax Analysts president and chief executive Cara Griffith.

A brief statement by IRS Commissioner Charles Rettig yesterday, in support of the idea of the U.S. "reciprocating" with respect to the information it currently receives from foreign governments about the overseas bank and financial accounts of U.S. taxpayers – as a result of a 2010 law known as the Foreign Account Tax Compliance Act (FATCA) – has sparked widespread discussion and debate, particularly outside of the U.S.

U.S. Internal Revenue Service Commissioner Charles Rettig may have focused on Homeland tax issues during a House Ways and Means Oversight Subcommittee hearing on "the 2022 Filing Season" last month, as reported. But interested stakeholders were invited to submit written comments for inclusion in the hearing record, and among those to do so – and in so doing, introducing the tax-filing issues currently facing millions of U.S. taxpayers who live overseas – was the American Citizens Abroad, the Washington, D.C.-based advocacy organization. 

A long-awaited appellate court hearing in a years-long challenge of Canada's Foreign Account Tax Compliance Act-implementation legislation is set to get underway today, in a hearing room in Canada's Federal Court of Appeal in Vancouver, British Columbia.

To the surprise of many businesses and observers across Europe, few of whom had seen it coming, U.S. and European Union officials said today that they had reached a preliminary agreement on a new data privacy deal, to replace the long-standing agreement that had been declared illegal in July, 2020 by the EU Court of Justice.