MEP Sophie in ’t Veld (Renew Europe, Netherlands) has asked the European Commission for explanations following the written reply of Tax Commissioner Paolo Gentiloni on theUS Foreign Tax Compliance Act (FATCA) and “Accidental Americans” on 7 April (see EUROPE B12464A35).
“Despite the fact that their bank accounts are being (threatened to be) closed down by banks afraid of the penalties imposed by the US, the Commission very regrettably pretends that there is no problem at all,...