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Procedure

Resolution on the adverse effects of the US Foreign Account Tax Compliance Act (FATCA) on EU citizens and in particular 'accidental Americans'

2018/2646(RSP)·8th term·PETI·RSP - Resolutions on topical subjects·CompletedProcedure completed

Subjects: Protection of privacy and data protection · Banks and credit

Rapporteur (the Member appointed to lead Parliament's work on this text): WIKSTRÖM Cecilia (ALDE)

Summary

The dossier is a resolution on the adverse effects of the US Foreign Account Tax Compliance Act (FATCA) on EU citizens and 'accidental Americans'. The amendments describe agreements requiring EU financial institutions to report 'US persons' to the US Internal Revenue Service under threat of a 30% withholding tax, difficulties faced by 'accidental Americans', the lack of reciprocity compared with the OECD Common Reporting Standard, and data protection concerns.

19

Amendments

distinct, in window

2

Members

tabled at least one

1

Committee(s)

25 May 2018

Dates

Official amendment documents

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Full record

Members who amended this procedure

2 Members · by amendment count

Cecilia WIKSTRÖM

Sophia IN 'T VELD

Renew Europe · Netherlands

The amendments, in full text

19 amendments

Every amendment as tabled — original text, proposed change and justification, with a link to the official PDF.

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