Public Hearing on FATCA and its extraterritorial impact on EU citizens

On 12 November 2019 the Committee on Petitions organised a hearing on "FATCA and its extraterritorial impact on EU Citizens.” The aim of the hearing was to facilitate an exchange of views between the various stakeholders and listen to the issues faced by EU citizens affected by FATCA. The hearing consisted of two panels, focusing on financial services and the exchange of tax information with the US and on potential conflicts between European data protection rules and FATCA.

• video of proceedings

Background documents

• • Motion for a resolution: The adverse effects of the US Foreign Account Tax Compliance Act on EU citizens
   
  • Question for oral answer O-000053/2018: The adverse effects of FATCA on EU citizens and in particular 'accidental Americans'
  • Study: FATCA Legislation and its Application at International and EU Level
  • Rapport d'information relative à l'assujettissement à la fiscalité américaine des Francais nés aux Etats-Unis
  • Petition 1088/2016

Several more videos of presentations are available here

• free download of FATCA and CRS compliance manual here 
• How May the United States Leverage its FATCA IGA Bilateral Process to Incentivize Good Tax Administrations among the World of Black Hat and Grey Hat Governments? A Carrot & Stick Policy Proposal