Suchergebnisse
Suchergebnisse:
So, will the US ever wise up and repeal FATCA? What is FATCA? In 2010, the US government passed a law that would effectively make every bank and “foreign financial institution” unpaid tattletales for the IRS.
WASHINGTON, D.C. – Today, U.S. Senator Rand Paul (R-KY) introduced legislation to repeal the Foreign Account Tax Compliance Act (FATCA), with U.S. Representative Mark Meadows (R-NC) introducing a companion bill in the U.S. House. Sen. Roger Wicker (R-MS) joined Dr. Paul as an original cosponsor.
Congressional bills to repeal FATCA. In 2017, bills to repeal FATCA were introduced in Congress: Senator Rand Paul (R-KY) introduced S. 869 in the Senate and Representative Mark Meadows (R-NC) introduced H.R. 2054 in the House of Representatives.
24. Apr. 2022 · Treasury Inspector General for Tax Administration (TIGTA) report points out failure of IRS to meet FATCA reporting and compliance goals.
30. Dez. 2022 · Democrats Abroad calls for reform of FATCA, a U.S. law that requires non-U.S. banks to report accounts held by U.S. citizens, causing discrimination and financial access issues for Americans abroad. The task force responds to IRS notice of temporary relief for non-U.S. banks and advocates for permanent resolution of the core problem.
27. Okt. 2021 · Rule 138. Christophe Hansen (PPE) FATCA provides for the automatic exchange of information between national tax authorities and the US tax authority. It often entails burdensome tax and banking obligations for US citizens living abroad, especially for ‘accidental Americans’.
There are two main instances in which FATCA via IGAs conflicts with EU law: in the former situation FATCA Data are retained and transmitted by EU financial intermediaries and create an issue of procedural safeguards and data protection, while in the latter situation data are not acquired by EU
