Some Europeans born in the U.S. but with no further ties there are finding it hard to open bank accounts and get mortgages in Europe due to a tax law President Obama brought into force in 2010 called FATCA. The United States and Eritrea are the only two countries in the world who base their taxation system on citizenship rather than residency.
The situation gets further complicated when these Accidental Americans don’t have a social security number. And the whole situation also highlights the issues with data sharing between Europe and the US, where the rights of citizens’ privacy differs.
If you are an Accidental American you can find out more information here, on Facebook and on LinkedIn
Please subscribe to my series and leave a review for us - it really helps for our podcast to be found. You can subscribe to all my podcasts on whatever player you choose to use: RTL Play, iTunes, Spotify or XML.
If you have any thoughts or ideas, you can get in touch with Lisa here.
Lawyer Vincent Wellens talks to Lisa about ‘Accidental Americans’ and how it fits into a bigger picture of differences in data protection between countries
Don’t forget all the other great podcasts on RTL Today by my colleagues such as:
The Oatcast
Luxembourg’s History
In Conversation with Lisa Burke iTunes
In Conversation with Lisa Burke XML
In Conversation with Lisa Burke Spotify
