EU citizens who were born in the US or who have a parent who is a US citizen are also taxable in the USA. Since July 2014, German banks and credit institutions have been required to notify the US authorities if they have clients who are taxable in the USA. This often leads to banks terminating these clients' bank accounts to avoid the additional administrative formalities. Switching to another credit institution is often impossible for the same reason.
1. What ways does the Commission see of improving the tax situation of US nationals in the EU?
2. Does the Commission think that FATCA’s provisions are compatible with EU data protection policy?