A bill to correct the unintended effects of the US ‘Foreign Account Tax Compliance Act’ (FATCA) could be forthcoming, the European Parliament’s Committee on Petitions (PETI) told EUROPE in a statement on Tuesday, 30 August.
A delegation from the PETI Committee went on a mission to Washington from Monday 18 to Friday 22 July to find concrete solutions to the problems of the many EU citizens and their family members affected by the extraterritorial application of the citizenship tax.