Dutch tax minister: U.S. won't take immediate action against banks over FATCA info shortcomings

Dutch tax minister Menno Snel has said that his country's banks and financial institutions should not feel a need to panic over those of their so-called "accidental American" account-holders who lack U.S. Social Security numbers and other key data soon to be required by the U.S. tax authorities, as he has been assured that any repercussions for failing to comply with the regulations in question could be delayed by as long as several years.

  • Tax

Now Dutch lawmaker meets with U.S. officials over FATCA impact on 'accidentals'

Dutch finance secretary Menno Snel has become the latest European official to raise with Washington the matter of the harsh effects U.S. tax legislation is having on European citizens – in Snel's case, Dutch citizens resident in the Netherlands – as part of efforts aimed at convincing U.S. lawmakers to make changes to these laws.

  • Tax
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Opinion

You really know you're an American expat when...

You really know you're an American expat when...

Like folks everywhere, Americans are often surprised to discover how different things can be when they live abroad. Sometimes the differences are small; sometimes they're hilarious. In recent years, as...

Nov-25-2021