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Discussion about current events, culture, independent candidates, business, education, travel, death and taxes, global mobility, citizenship and residence by investment options, Americans abroad, FATCA, CRS, U.S. citizenship renunciation, Green Card abandonment, citizenship taxation, PFIC, GILTI, foreign trusts, I-407 and more ...
Episodes
Tuesday Nov 09, 2021
Tuesday Nov 09, 2021
October 28, 2021 - Participants include:
Ronald Aries - @Ronald77171496
John Richardson - @Expatriationlaw
In April of 2021 I did my first podcast with the Ronald Aries "The Dutch Pilot". Mr. Aries's story was the subject of a series of Articles at American Expat Finance. My first podcast with Mr. Aries may be heard here.
In this second podcast Mr. Aries shares his further thoughts on FATCA and how Dutch citizens are discriminated against when it comes to banking and financial services.
In the first round a Dutch court ruled that Mr. Aries (an Accidental American) was required to comply with the FATCA rules.
Mr. Aries continues on. On November 11, 2021 a Dutch Tribunal will hear his appeal from that decision.
I look forward to doing a subsequent podcast with Ronald Aries after the November 11, 2021 hearing.
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Afterthought and note: The podcast with Ronald included a discussion of the US Netherlands tax treaty. After the chat with Ronald, I checked the treaty in the Netherlands and confirmed that it is like the Canada/US tax treaty which stipulates that the Dutch Tax Authorities will not assist the IRS in collecting a tax debt on a Dutch citizen. See this:
https://isaacbrocksociety.ca/2016/11/01/dual-citizens-of-sweden-france-netherlands-denmark-canada-take-note-your-country-will-not-collect-for-the-u-s/#comments
The argument should be that the same group of people (citizens of the Netherlands) who have special status under the collection provisions of the treaty should also get a carve out from the FATCA issues. I have offered this argument in Canada ...
Comments (2)
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A lot of good points were made in this podcast. John, it would be great to see you in front of Congress talking as you bring up a lot of good points.
Tuesday Nov 09, 2021
Thanks for this, it‘s great to hear you talk about the parts of FATCA that has been forgotten about.
Tuesday Nov 09, 2021
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