France's National Assembly to discuss FATCA reciprocity proposal on Friday

France's National Assembly is set to meet tomorrow to discuss a plan calling for a change to an existing "intergovernmental agreement" currently in place between France and the U.S.  – introduced to enable French financial institutions to comply with the U.S. anti-tax evasion law known as FATCA – that would oblige the U.S. to begin delivering on the "reciprocity" of information exchange that certain French lawmakers say their government understood to have been part of the IGA deal at the time it was agreed to by both parties in 2013. 

MEPs, European 'accidental' petitioner slam lack of response by EU Commission to U.S. 'extraterritoriality'

A series of speakers, including four members of the European Parliament, on Tuesday slammed what they said was the European Commission's continued failure to take serious action aimed at addressing the banking and tax problems that thousands of American/EU dual nationals have been struggling with for years – problems that they said are expected to get worse if nothing is done.

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Richardson, Snyder, Alpert: 'Treasury could also fix CBT'

While there is apparently some disagreement as to whether Albert Einstein ever actually said that the "definition of insanity is doing the same thing over and over again, but expecting different results," few would challenge the argument for changing one's approach when, after numerous attempts to do something, one is clearly making no progress whatsoever.

Among the latest advocates of this strategy are Toronto-based U.S. citizenship lawyer John Richardson, Paris-based attorney and U.S. taxpayer rights campaigner Laura Snyder, and Australia-based university lecturer and FixtheTaxTreaty.org founder Karen Alpert...

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Isaac Brock's Kish unearths U.S. Treasury report calling for 'more enforcement' of citizenship expatriation tax compliance

 A U.S. Treasury report calling for "more enforcement and a centralized compliance effort" to deal with the large numbers of American citizens who are currently expatriating every year, to ensure that they're all paying the required amount of exit tax as they leave, has been discovered its contents made public by contributors to the Canadian advocacy website for dual Canadian/American citizens, the Isaac Brock Society.

23-page EU Council 'working paper' on AEOI regs emerges, prompting concerns

A "Working Paper" issued by the European Council on Sept. 11, four days before the European Data Protection Board was due to meet to discuss how the EU should best prepare to participate in the worldwide move towards ever-greater automatic exchange of information, is being seen by some observers as an indication of the willingness of EU governments to take measures behind the scenes aimed at quietly ensuring a consistent pan-EU data protection message that also fits in with their "Realpolitik" objectives – including avoiding a public, political showdown with the U.S. over FATCA.

IRS issues new Economic Impact Payments 'text scam' alert

The U.S. Internal Revenue Service issued a warning on Wednesday of a new "Covid-related text scam" that it said has been "created by thieves [to] trick people into disclosing [their] bank account information" by making them believe that it will result in their receiving the US$1,200 Economic Impact Payment (EIP). 

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Opinion

Bright!Tax comment: The candidates' tax plans, and their likely implications for expats

Bright!Tax comment: The candidates' tax plans, and their likely implications for expats

Nov. 3, the date of the 2020 U.S. presidential election, is two weeks and one day away. Many expats will have voted by now, but for those who haven't –...

Oct-19-2020