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Saturday, November 23, 2024

Texas U.S. Rep Lloyd Doggett: "Discussed with the @EP_Petitions delegation led by led by @YanaToom what we can do to better administer..."

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Lloyd Doggett tweeted the following:

"Discussed with the @EP_Petitions delegation led by led by @YanaToom what we can do to better administer our FATCA regulations to relieve this burden on these accidental Americans, who generally owe no U.S. tax and pose little risk of tax evasion."
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Here are other recent tweets from Lloyd Doggett:

"Pleased to meet with a delegation from the @Europarl_EN with members from Estonia, Spain, Germany, Austria, Poland, Italy, and Luxembourg."
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"I'm a strong supporter of our Foreign Account Tax Compliance Act (FACTA), which helps prevent wealthy Americans from hiding income and assets in offshore banks to avoid paying their fair share in tax."
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"However, FATCA has had the unintended consequence of making it difficult to get banking services abroad for accidental Americansdual citizens, Americans by virtue of birth but with few ties to the United States."
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