Parliamentary report says France should consider withdrawing from FATCA

clock • 1 min read

A French parliamentary report published today urges France to renegotiate its Foreign Account Tax Compliance Act (FATCA) treaty with the United States and says the country should consider unilaterally pulling out if it fails to win concessions to adequately protect dual nationals. FATCA was introduced in 2010 and France signed up three years later. The Act forces international banks wanting to operate in, or do business with, the US to report any assets held by American citizens overseas. ...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.