'Accidental Americans' in France fight FATCA in court

'Accidental' US citizens in France are being discriminated against by French banks unwilling to fall foul of FATCA, association says

A group of so-called 'Accidental Americans' in France has started legal action against French banks on the grounds that US tax laws are being used to refuse account applications.

The Association des Américains Accidentels (AAA) said US citizens in France are being discriminated against by French banks unwilling to fall foul of the USA's 2010 Foreign Account Tax Compliance Act (FATCA).

The law was intended to combat tax evasion by US citizens living abroad, and it requires all US citizens and their banks to report their income and assets to the US Internal Revenue Service. Three years after FATCA passed into US law, France signed a bilateral agreement obliging ...

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