The tax and banking obligations that weigh on “accidental Americans, under the American ‘FATCA’ law (US Foreign Tax Compliance Act), were on the table at the Ecofin Council on Tuesday 16 February. The subject was addressed as a ‘miscellaneous’ item, at the request of the Dutch Minister of Finance (see EUROPE B12655A31).
According to a European source, the discussion was short. The Commission and the Council of the EU insisted on the importance of initiating discussions with the...