Americans abroad — frustrated by the uncertainty of what FATCA will do to their financial lives, and facing repeated delays of the IRS’ promises to bring some clarity through proposed regulations — are increasingly turning to the politicians of the places where they live in an effort to get some answers. In the past week several government officials at the national or supranational level have brought up the issue of FATCA, in response to concerns expressed by constituents — both dual citizens who elected them, and banks and other institutions for whom FATCA amounts to yet another extra-territorial unfunded mandate by the US. A number of scholars have also released draft papers about FATCA and FBAR. Here’s the roundup for the past week or so. If you see any more, leave them in the comments:
Along with the U.S. government-reported number of Americans who lose U.S. citizenship each year, various foreign governments report another number that might make American homelanders uncomfortable: the number of Americans who applied for naturalisation in other countries each year. Not all of them necessarily lose U.S. citizenship, but some certainly do.