Dutch news website picks up on anti-FATCA feeling in Europe

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. 

  • News

Dutch financial arbitration body says Aegon OK to close dual U.S./Dutch citizen's savings account

A Dutch financial arbitration body known as KiFiD has ruled that a local banking operation of Dutch financial services giant Aegon was within its rights to close the savings account of one of its clients who has dual American and Dutch citizenship, because it did so as part of a larger business decision to close the part of its Dutch business in which the account was held to all of its clients in that operation.

  • News

Dutch lawmakers to again address FATCA, on Tuesday

This coming Tuesday, members of the Dutch House of Representatives will once again take up the issue of the American tax evasion prevention law known as FATCA, and the problems it is continuing to cause for thousands of Dutch citizens with mostly historic links to the U.S.

  • News

Now Lehagre's AAA files 'request for enforcement' with Dutch data protection authority, over FATCA info transfers

The Paris-based Association of Accidental Americans (AAA) said it has today filed a "request for enforcement" with the Dutch Data Protection Authority (Autoriteit Persoonsgegevens), in which it said it is "demanding an immediate halt to the automatic transfer of European citizens’ personal data to the United States," as part of the Dutch government's compliance with the U.S. tax evasion-prevention law known as FATCA.

  • News

AXFNJ Podcast: Dutch ex-pilot explains what drives him to 'fight for justice' on behalf of EU's 'unintentional Americans'

Over the last few years, thousands of so-called "accidental Americans" have quietly accepted the unexpected news that the U.S. considered them to be U.S. citizens, even though they had lived their entire lives as citizens of other countries, and as a result of this news, gone through the expensive business of complying with U.S. demands that they sort out their U.S. citizenship and tax situation.

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
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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