The US tax authorities clearly have no intention of further easing the tax and banking obligations of ‘accidental Americans’ under the US Foreign Account Tax Compliance Act (FATCA).
In a letter dated 12 March, copied to EUROPE, Chip Harter, the Deputy Assistant Secretary for International Tax Affairs at the US Treasury, dismissed the concerns raised by the EU Council in its letter from 3 December (see EUROPE B12389A21) about those European citizens who, by accident of birth,...