The US answer to the European FATCA-letter of December 2019

On 12 March 2020 a representant of the US Department of the Treasury wrote a letter regarding FATCA to the European Union, read it here (pdf).
It’s a reply to a European letter written in December, see my post of 14 December 2019.

Accidental Americans are very unhappy with the American reply of 12 March. Read for instance Accidental Americans react, as U.S. Treasury official’s unyielding response to EU FATCA concerns emerges by Helen Burggraf, American Expat Financial News Journal, 31 March 2020, and US Treasury plays down global impact of Fatca by Cristian Angeloni, International Adviser, 31 March 2020.

Agence Europe writes that the US tax authorities clearly have no intention of further easing the tax and banking obligations of Accidental Americans. Read also the article at Bloomberg, Treasury Offers Little Wiggle Room on Foreign Bank Reporting (1), 30 March 2020.

 

More on FATCA and the Accidental Americans on this page and in the articles with the FATCA-tag.

Over Ellen Timmer, advocaat ondernemingsrecht @Pellicaan

Verbonden aan Pellicaan Advocaten, http://www.pellicaan.nl/, kantoor Rotterdam, telefoon 088-6272287, fax 088-6272280, e-mail ellen.timmer@pellicaan.nl ||| Weblogs: algemeen: https://ellentimmer.com/ || modernisering ondernemingsrecht: http://flexbv.wordpress.com/ ||| Motto: goede bedoelingen rechtvaardigen geen slechte regels
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