TIGTA found massive noncompliance with the tax provisions applicable to American expatriates and told the IRS that more enforcement and a centralized compliance effort are required for expatriation provisions. The…
FinCen proposes a change in Foreign Bank and Financial Accounts regulations affecting cryptocurrency holdings at foreign exchanges. The Financial Crimes Enforcement Network (FinCEN), a bureau of the US Department of…
The US has a new COVID-19 relief package financial aid package of $600, – for every US citizen, also for the ones living abroad. US Lawmakers struck a roughly $900…
According to Dutch News: Dutch MPs debated the problem of accidental Americans, who face losing their Dutch bank accounts because they also have the US nationality. A majority of MPs…
FATCA on the PETI Commission (EU) agenda: The European Commission was aware of fundamental rights issues of FATCA. On November 10 there was a hearing on US FATCA legislation in…
Many Americans abroad are cheering: Joe Biden, the new president of America, finally paying attention to the world and the environment. Better international relations and a good COVID crisis approach,…
AMSTERDAM, October 30, 2020 (Newswire.com) – Americans living overseas, urgently lining up to renounce their citizenship, are refused service at their local embassies due to COVID regulations, shows research by…
According to the Wall Street journal: More Americans living overseas are renouncing their citizenship. British Prime Minister Boris Johnson did it. He’s American by birth and decided to renounce his citizenship because of US…
According to American Expat Finance, problems of Dutch accidental Americans losing their bank accounts have been thrust back in the political and media spotlight. A hard-line written response by Dutch…
Americans wanting to renounce are facing closed doors at the US consulates. The US authorities are resuming work but are severely limiting renunciation services and social security services. Meanwhile, banks…
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