The European Commission maintains that the requirements of the US Foreign Tax Compliance Act (FATCA) for “"accidental Americans” are compatible with the Payment Accounts Directive. This is according to a letter from European Taxation Commissioner Paolo Gentiloni to MEP Sophie in ’t Veld (Renew Europe, Netherlands), which was posted online on Thursday 30 July.
In April this year, the Member of Parliament asked the Commission to explain how it had come to this conclusion(see EUROPE...