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

European Parliament procedure 2018/2646(RSP) (RSP - Resolutions on topical subjects, 8th term, committee PETI). Stage: Procedure completed. 19 committee amendments tabled by 2 Members between 2018-05-25 and 2018-05-25.

## What the amendments focus on

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.

## Most active Members on this file

| Member | Country | Group | Amendments | Markdown |
|---|---|---|---|---|
| Cecilia WIKSTRÖM | Sweden | ALDE | 18 | https://amendeu.com/md/meps/96677.md |
| Sophia IN 'T VELD | Netherlands | RE | 17 | https://amendeu.com/md/meps/28266.md |

## Official source documents

- PE622.251: http://www.europarl.europa.eu/doceo/document/PETI-AM-622251_EN.pdf

Full amendment texts, votes and exports: https://amendeu.com/dossiers/2018-2646-RSP · machine-readable: https://amendeu.com/data/dossiers/2018-2646-RSP.json

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