Frozen bank accounts latest: Dutch MPs submit questions on 'accidental American' issues to Treasury officials

Dutch Parliamentarians have submitted a list of some 25 questions on the subject of "banks that, in response to the U.S. FATCA legislation, are refusing to provide services to Dutch nationals who also have American citizenship" to the country's treasury minister and deputy treasury minister, in the latest development in a long-running issue about how non-U.S. financial institutions should handle the accounts of those of their 'accidental American' clients who lack so-called tax information numbers (TINs). 

  • Tax

Accidental Americans call for urgent action in meeting with Dutch lawmakers over frozen bank accounts

Representatives from two American expat organizations that met yesterday with around half a dozen members of the Dutch House of Representatives in the Hague said they believed that their urgent call for government action to deal with the problems of thousands of  bank accounts belonging to "accidental Americans" being closed was at least acknowledged, and the groundwork laid for further discussions. 

  • News

Uproar as some Dutch banks begin freezing accounts of Americans lacking TINs

"Dozens" of customers of Dutch banks have come forward to report that their bank accounts in the country have been frozen, and banking services otherwise being denied to them, because they are considered to be American and yet have failed to provide the banks with their U.S. "tax information numbers" (TINs), according to reports out of the Netherlands.

  • News

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
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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