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December 2, 2016 - Over 500 financial reports provided – ‘Bank accounts of dual Kuwaiti-US citizens’
Ministry of Finance, earlier this week, provided the US Department of Treasury with more than 500 financial reports on the bank accounts of dual Kuwaiti- US citizens and companies, reports Al-Rai quoting informed sources.

November 21, 2016 - What Dual Citizens Should Know Before Renouncing Their United States Citizenship
According to INA §349(a), a U.S. citizen will lose his or her nationality by voluntarily performing any of the listed expatriating acts with the intention of relinquishing United States nationality. The full list appears here but the most commonly encountered expatriating acts are:

November 17, 2016 - Saudi Arabia FATCA IGA signed with US
The US Treasury Department has today updated its FATCA website, reporting that Saudi Arabia has signed a Model 1 intergovernmental agreement (IGA) with the United States.

November 16, 2016 - Why Are Americans Giving Up Their Passports?
In the three months to September 2016, 1,380 taxpayers renounced US citizenship, says the US Treasury. All their names were provided in an official listing, but no one knows whether they are Americans are not as the list includes green card holders and does not show who is a US citizen.

November 16, 2016 - Automatic Exchange of Information (AEOI) – CRS and FATCA – more and more (but still not enough) from HMRC
The biggest challenge is likely to come from EU governments sharing tax information about sensitive individuals with corrupt governments. There are virtually no safeguards on the information once it enters the AEOI network.

November 14, 2016 - Will Trump Keep Republican Pledge To Repeal FATCA?
American expats are waiting with bated breath to see if President-elect Donald Trump will repeal the disliked Foreign Account Tax Compliance Act (FATCA).

November 14, 2016 - More Americans Renouncing Citizenship, Not Over Trump but FATCA Tax Law
The number of individuals who renounced their U.S. citizenship for the third quarter of 2016 was the second-highest in history at 1,380, U.S. Treasury Department reported.

November 9, 2016 - IRS Nets $10 Billion FATCA Tax Haul
IRS Commissioner John Koskinen said: “The IRS has passed several major milestones in our offshore efforts, collecting a combined $10 billion with 100,000 taxpayers coming back into compliance.

November 3, 2016 - Swiss offer tough Brexit lessons for Britain's banks
As Britain's banks make their case for retaining unrestricted access to the single European market after Brexit, the efforts of their Swiss counterparts offer little cause for optimism.

November 3, 2016 - The Sleeper Issue for 9 Million Americans that the Media Will Not Cover
Surprisingly large numbers of Americans live abroad. According to State Department figures, nearly 9 million U.S. citizens currently reside in foreign countries. If “Abroad” were a state, it would be America’s 11th most populous.

October 24, 2016 - 5 Questions to ask yourself on FATCA while investing in MF
FATCA guidelines have been brought in especially to track the situation with respect to US citizens and whether they have been disclosing the details of their investments abroad to the US tax authorities.

October 19, 2016 - Beware More FBAR And FATCA Reporting Changes
Non-compliant institutions are frozen out of U.S. markets, so there is little choice but to comply. FATCA cuts off companies from access to critical U.S. financial markets if they fail to pass along American data. More than 100 nations have agreed to the law.

October 18, 2016 - Germany and Panama move closer towards information-sharing agreement
Following high-level talks with Varela, Merkel said she was happy that Panama was prepared to adopt the common reporting standards (CRS) set out by the Organization for Economic Cooperation and Development (OECD) for automatic data exchange between states.

October 10, 2016 - Generali, Schwab in UAE set 'impossible' choice for US expats
The UAE arm of Generali, Assicurazioni Generali S.p.A. United Arab Emirates, announced in September that they were no longer accepting US clients for its savings and investments business and, in the same month, brokers Charles Schwab suspended US clients in the UAE from new trades, pending possible account closure, he says.

September 28, 2016 - Finish Line Unclear for Some FATCA Pacts as Banks Worry
According to Sept. 23 Treasury Department data, 113 countries have agreements, but 49 still need to reach the finish line.

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