IRS
German bank to shut accounts of US customers
As savings firm denies services to dual UK and American citizens due to Fatca
‘Accidental’ Americans launch Fatca legal actions in Europe
They argue Belgium and Luxembourg should stop ‘illegal’ transfers of data to the US
EU Council demands meeting with IRS over Fatca
People are ‘facing high renunciation fees and a very complex procedure’ to waive their US citizenship
‘Accidental’ Americans take legal action against US
They allege violation of the constitution and breach of international laws
Switzerland orders 12 banks to comply with Fatca
They will have 20 days to share their client data with the US taxman