FATCA

North America | 22 Jun 13

The number of ex-pat Americans who are formally renouncing their citizenship, though small relative to the total number who live abroad, has risen steeply in response to the increasing costs and hassles associated with being a US citizen abroad.

North America | 20 Jun 13

First American expatriates were told that their bank accounts weren’t welcome. Now, it seems, Americans’ tax-deferred retirement accounts are also increasingly unwanted by US financial institutions, unless these accounts are of significant size.

North America | 5 Jun 13

A Geneva-based group representing Americans living abroad has taken advantage of a US congressional investigation into the Internal Revenue Service to explain how the IRS has taken to targeting Americans living overseas.

Europe | 29 May 13

The Swiss government said today that it had reached agreement on proposed legislation that would enable the country’s banks to comply with requests by US authorities for information in connection with their tax evasion investigations.

North America | 8 May 13

A US senator has introduced a bill to repeal "anti-privacy" provisions of the controversial Foreign Account Tax Compliance Act, arguing that FATCA "infringes upon basic constitutional rights".